Thermon Group (NYSE:THR) Sets New 52-Week High – What’s Next?

Thermon Group Holdings, Inc. (NYSE:THR) shares hit a new 52-week high on Tuesday . The stock traded as high as $41.92 and last traded at $41.54, with a volume of 58013 shares trading hands. The stock had previously closed at $40.51.

Analyst Upgrades and Downgrades

THR has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Thermon Group in a research note on Monday, December 29th. Wall Street Zen raised shares of Thermon Group from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 16th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Thermon Group has an average rating of “Buy”.

Thermon Group Stock Up 1.9%

The company has a quick ratio of 1.74, a current ratio of 2.82 and a debt-to-equity ratio of 0.26. The stock has a market cap of $1.36 billion, a P/E ratio of 23.62 and a beta of 0.79. The company’s 50 day moving average price is $37.04 and its two-hundred day moving average price is $30.53.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Intech Investment Management LLC increased its position in Thermon Group by 2.3% during the 3rd quarter. Intech Investment Management LLC now owns 14,346 shares of the technology company’s stock valued at $383,000 after purchasing an additional 327 shares during the period. Federated Hermes Inc. boosted its stake in shares of Thermon Group by 18.5% during the third quarter. Federated Hermes Inc. now owns 2,615 shares of the technology company’s stock valued at $70,000 after purchasing an additional 409 shares in the last quarter. Assetmark Inc. increased its holdings in Thermon Group by 68.1% during the third quarter. Assetmark Inc. now owns 1,530 shares of the technology company’s stock valued at $41,000 after buying an additional 620 shares during the period. Legal & General Group Plc increased its holdings in Thermon Group by 2.2% during the third quarter. Legal & General Group Plc now owns 38,133 shares of the technology company’s stock valued at $1,019,000 after buying an additional 807 shares during the period. Finally, Riverpoint Wealth Management Holdings LLC raised its stake in Thermon Group by 1.7% in the third quarter. Riverpoint Wealth Management Holdings LLC now owns 50,360 shares of the technology company’s stock worth $1,346,000 after buying an additional 830 shares in the last quarter. 99.76% of the stock is currently owned by institutional investors.

Thermon Group Company Profile

Thermon Group, Inc (NYSE: THR) is a global provider of engineered thermal solutions designed to maintain process temperatures, prevent freezing and improve energy efficiency across industrial, commercial and power generation applications. The company specializes in the design, manufacture, installation and service of heat tracing systems, insulation and protective coatings for pipelines, tanks, vessels and other critical equipment.

Thermon’s core offerings include electric heat tracing, steam tracing, custom-engineered control panels, monitoring systems and advanced sensor technologies.