Thermon Group (NYSE:THR) Reaches New 12-Month High – Time to Buy?

Thermon Group Holdings, Inc. (NYSE:THR) reached a new 52-week high on Thursday . The stock traded as high as $36.79 and last traded at $36.32, with a volume of 30557 shares traded. The stock had previously closed at $36.00.

Wall Street Analyst Weigh In

THR has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Thermon Group in a research report on Monday. Wall Street Zen upgraded shares of Thermon Group from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 16th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Thermon Group has a consensus rating of “Buy”.

Thermon Group Trading Up 3.5%

The company has a current ratio of 2.82, a quick ratio of 1.74 and a debt-to-equity ratio of 0.26. The company has a market cap of $1.28 billion, a PE ratio of 22.34 and a beta of 0.81. The stock has a 50 day moving average price of $30.67 and a 200 day moving average price of $28.31.

Thermon Group (NYSE:THR) last issued its quarterly earnings results on Thursday, November 6th. The technology company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.19. The company had revenue of $131.72 million for the quarter, compared to analysts’ expectations of $119.43 million. Thermon Group had a return on equity of 13.58% and a net margin of 11.60%.The firm’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.38 earnings per share. Thermon Group has set its FY 2026 guidance at 2.000-2.15 EPS. Sell-side analysts predict that Thermon Group Holdings, Inc. will post 1.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of THR. Canada Pension Plan Investment Board purchased a new stake in Thermon Group in the second quarter worth about $31,000. Assetmark Inc. boosted its position in shares of Thermon Group by 68.1% in the 3rd quarter. Assetmark Inc. now owns 1,530 shares of the technology company’s stock worth $41,000 after purchasing an additional 620 shares in the last quarter. Danske Bank A S purchased a new stake in shares of Thermon Group in the 3rd quarter worth approximately $45,000. State of Alaska Department of Revenue bought a new position in Thermon Group during the 3rd quarter valued at approximately $48,000. Finally, State of Wyoming purchased a new position in Thermon Group during the first quarter valued at $59,000. 99.76% of the stock is owned by hedge funds and other institutional investors.

About Thermon Group

Thermon Group Holdings, Inc provides engineered industrial process heating solutions for process industries in the United States and Latin America, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It offers heat tracing products, such as electric heat tracing cables, steam heating solutions, controls, monitoring and software, instrumentation, project services, industrial heating and filtration solutions, temporary electrical power distribution and lighting, and other products and services.