Thermon Group (NYSE:THR) Upgraded at Wall Street Zen

Thermon Group (NYSE:THR) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Thermon Group in a report on Thursday, October 30th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

Thermon Group Trading Up 4.2%

NYSE THR opened at $34.18 on Friday. The firm has a market capitalization of $1.13 billion, a PE ratio of 21.64 and a beta of 1.06. The stock’s 50 day moving average is $27.12 and its 200 day moving average is $27.30. Thermon Group has a twelve month low of $23.05 and a twelve month high of $34.41. The company has a quick ratio of 1.49, a current ratio of 2.43 and a debt-to-equity ratio of 0.23.

Thermon Group (NYSE:THR) last announced its quarterly earnings data on Thursday, November 6th. The technology company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.36 by $0.19. The business had revenue of $131.72 million during the quarter, compared to analyst estimates of $119.43 million. Thermon Group had a return on equity of 12.65% and a net margin of 10.89%.The company’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.38 earnings per share. Thermon Group has set its FY 2026 guidance at 2.000-2.15 EPS. Research analysts forecast that Thermon Group will post 1.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Thermon Group

A number of hedge funds have recently added to or reduced their stakes in THR. Westwood Holdings Group Inc. boosted its stake in Thermon Group by 15,981.5% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,317,236 shares of the technology company’s stock valued at $36,991,000 after purchasing an additional 1,309,045 shares during the last quarter. Invesco Ltd. raised its stake in shares of Thermon Group by 420.1% in the first quarter. Invesco Ltd. now owns 269,095 shares of the technology company’s stock worth $7,494,000 after purchasing an additional 217,352 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Thermon Group by 298.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 283,889 shares of the technology company’s stock valued at $7,972,000 after purchasing an additional 212,578 shares in the last quarter. RBF Capital LLC purchased a new stake in shares of Thermon Group during the second quarter valued at $4,905,000. Finally, Cubist Systematic Strategies LLC bought a new stake in Thermon Group in the 2nd quarter worth about $4,487,000. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

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.