Thermon Group (NYSE:THR) Reaches New 1-Year High – Here’s What Happened

Thermon Group Holdings, Inc. (NYSE:THR)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $43.56 and last traded at $43.1530, with a volume of 447246 shares changing hands. The stock had previously closed at $42.54.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on THR shares. Weiss Ratings restated a “buy (b-)” rating on shares of Thermon Group in a research note on Monday, December 29th. Wall Street Zen upgraded shares of Thermon Group from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 16th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Thermon Group has an average rating of “Buy”.

Thermon Group Trading Down 1.3%

The stock has a 50 day moving average of $38.62 and a 200-day moving average of $31.50. The company has a market capitalization of $1.43 billion, a P/E ratio of 24.81 and a beta of 0.79. The company has a current ratio of 2.82, a quick ratio of 1.74 and a debt-to-equity ratio of 0.26.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Canada Pension Plan Investment Board purchased a new stake in Thermon Group in the 2nd quarter worth $31,000. Assetmark Inc. boosted its stake in shares of Thermon Group by 68.1% in the third quarter. Assetmark Inc. now owns 1,530 shares of the technology company’s stock worth $41,000 after acquiring an additional 620 shares during the period. Danske Bank A S purchased a new stake in shares of Thermon Group during the third quarter worth about $45,000. State of Alaska Department of Revenue bought a new stake in Thermon Group during the 3rd quarter valued at approximately $48,000. Finally, Federated Hermes Inc. raised its stake in Thermon Group by 18.5% during the 3rd 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 during the period. Institutional investors own 99.76% of the company’s stock.

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.