Thermon Group (NYSE:THR) Earns Hold (C) Rating from Weiss Ratings

Thermon Group (NYSE:THR)‘s stock had its “hold (c)” rating reaffirmed by equities research analysts at Weiss Ratings in a note issued to investors on Thursday,Weiss Ratings reports.

Separately, Wall Street Zen lowered Thermon Group from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

Thermon Group Trading Up 3.4%

Shares of NYSE THR opened at $28.83 on Thursday. The stock has a market cap of $953.12 million, a P/E ratio of 18.25 and a beta of 1.09. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.49 and a current ratio of 2.43. Thermon Group has a 52-week low of $23.05 and a 52-week high of $33.25. The firm has a 50 day moving average price of $26.68 and a two-hundred day moving average price of $27.09.

Thermon Group (NYSE:THR) last announced its earnings results on Thursday, August 7th. The technology company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). The company had revenue of $108.90 million for the quarter, compared to the consensus estimate of $122.53 million. Thermon Group had a return on equity of 12.65% and a net margin of 10.89%.The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.38 earnings per share. Thermon Group has set its FY 2026 guidance at 1.770-1.990 EPS. As a group, equities analysts forecast that Thermon Group will post 1.88 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of THR. Principal Financial Group Inc. lifted its position in shares of Thermon Group by 3.7% during the 1st quarter. Principal Financial Group Inc. now owns 17,990 shares of the technology company’s stock valued at $501,000 after acquiring an additional 639 shares during the period. Lightrock Netherlands B.V. raised its position in shares of Thermon Group by 42.8% during the first quarter. Lightrock Netherlands B.V. now owns 246,725 shares of the technology company’s stock worth $6,883,000 after purchasing an additional 73,948 shares during the period. Bank of New York Mellon Corp raised its position in shares of Thermon Group by 0.6% during the first quarter. Bank of New York Mellon Corp now owns 109,898 shares of the technology company’s stock worth $3,061,000 after purchasing an additional 631 shares during the period. Cerity Partners LLC acquired a new position in shares of Thermon Group during the first quarter worth approximately $446,000. Finally, CWM LLC raised its position in shares of Thermon Group by 68.9% during the first quarter. CWM LLC now owns 922 shares of the technology company’s stock worth $26,000 after purchasing an additional 376 shares during the period. Institutional investors and hedge funds own 99.76% of the company’s stock.

Thermon Group Company Profile

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.