Thermon Group Holdings, Inc. (NYSE:THR) Given Consensus Recommendation of “Hold” by Analysts

Thermon Group Holdings, Inc. (NYSE:THR) has earned a consensus recommendation of “Hold” from the six research firms that are currently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $57.00.

Several research analysts have recently weighed in on THR shares. Zacks Research cut Thermon Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. CJS Securities cut Thermon Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 25th. Roth Mkm cut Thermon Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 25th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Thermon Group in a research report on Monday, December 29th. Finally, William Blair cut Thermon Group from an “outperform” rating to a “hold” rating in a research report on Wednesday, February 25th.

Thermon Group Stock Up 3.2%

THR stock opened at $53.47 on Thursday. Thermon Group has a 1-year low of $23.86 and a 1-year high of $58.56. The business has a fifty day moving average price of $50.52 and a 200-day moving average price of $41.36. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.90 and a quick ratio of 1.84. The stock has a market capitalization of $1.76 billion, a P/E ratio of 30.38 and a beta of 0.72.

Thermon Group (NYSE:THR) last posted its quarterly earnings results on Thursday, February 5th. The technology company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.07. Thermon Group had a return on equity of 13.82% and a net margin of 11.26%.The firm had revenue of $147.31 million during the quarter, compared to analysts’ expectations of $138.35 million. During the same quarter in the previous year, the business earned $0.56 earnings per share. The company’s revenue was up 9.6% on a year-over-year basis. Thermon Group has set its FY 2026 guidance at 1.640-1.780 EPS. Equities analysts forecast that Thermon Group will post 2.13 earnings per share for the current fiscal year.

Institutional Trading of Thermon Group

Hedge funds have recently bought and sold shares of the company. Canada Pension Plan Investment Board purchased a new stake in Thermon Group during the second quarter valued at $31,000. Assetmark Inc. increased its position 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 acquiring an additional 620 shares during the last quarter. Danske Bank A S purchased a new stake in Thermon Group during the third quarter valued at $45,000. State of Alaska Department of Revenue purchased a new stake in Thermon Group during the third quarter valued at $48,000. Finally, Nkcfo LLC purchased a new stake in Thermon Group during the fourth quarter valued at $85,000. Hedge funds and other institutional investors own 99.76% of the company’s stock.

About Thermon Group

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.