Thermon Group (NYSE:THR) Hits New 12-Month High After Analyst Upgrade

Thermon Group Holdings, Inc. (NYSE:THR)’s share price reached a new 52-week high on Monday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The company traded as high as $51.56 and last traded at $50.8630, with a volume of 163065 shares. The stock had previously closed at $50.42.

A number of other research firms have also weighed in on THR. Craig Hallum assumed coverage on shares of Thermon Group in a research report on Monday, February 2nd. They issued a “buy” rating and a $60.00 price objective on the stock. Wall Street Zen downgraded shares of Thermon Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Thermon Group in a research report on Monday, December 29th. Finally, Roth Mkm increased their price objective on Thermon Group from $38.00 to $54.00 and gave the company a “buy” rating in a report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $57.00.

Institutional Investors Weigh In On Thermon Group

Several large investors have recently bought and sold shares of the company. Wedge Capital Management L L P NC grew its holdings in shares of Thermon Group by 182.6% during the 3rd quarter. Wedge Capital Management L L P NC now owns 165,479 shares of the technology company’s stock worth $4,422,000 after purchasing an additional 106,925 shares during the period. Assenagon Asset Management S.A. lifted its position in Thermon Group by 103.1% in the third quarter. Assenagon Asset Management S.A. now owns 255,694 shares of the technology company’s stock valued at $6,832,000 after buying an additional 129,791 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Thermon Group by 298.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 283,889 shares of the technology company’s stock worth $7,972,000 after buying an additional 212,578 shares during the period. Lightrock Netherlands B.V. boosted its stake in Thermon Group by 24.5% during the third quarter. Lightrock Netherlands B.V. now owns 307,075 shares of the technology company’s stock worth $8,205,000 after buying an additional 60,350 shares during the period. Finally, Westwood Holdings Group Inc. increased its position in shares of Thermon Group by 15,981.5% during the second quarter. Westwood Holdings Group Inc. now owns 1,317,236 shares of the technology company’s stock valued at $36,991,000 after acquiring an additional 1,309,045 shares during the last quarter. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Thermon Group Stock Up 4.7%

The business’s 50 day moving average price is $41.33 and its 200-day moving average price is $32.93. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.84 and a current ratio of 2.90. The firm has a market capitalization of $1.73 billion, a PE ratio of 29.89 and a beta of 0.78.

Thermon Group (NYSE:THR) last posted its earnings results on Thursday, February 5th. The technology company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.07. The firm had revenue of $147.31 million for the quarter, compared to analyst estimates of $138.35 million. Thermon Group had a return on equity of 13.82% and a net margin of 11.26%.Thermon Group’s revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.56 EPS. Thermon Group has set its FY 2026 guidance at 1.640-1.780 EPS. As a group, equities research analysts forecast that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current year.

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.