Wall Street Zen Upgrades Thermon Group (NYSE:THR) to Strong-Buy

Thermon Group (NYSE:THR) was upgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Sunday.

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

Thermon Group Price Performance

Shares of THR opened at $34.96 on Friday. The business has a 50-day simple moving average of $28.05 and a two-hundred day simple moving average of $27.63. The stock has a market cap of $1.15 billion, a PE ratio of 22.13 and a beta of 1.06. Thermon Group has a 12-month low of $23.05 and a 12-month high of $36.14. 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 earnings results on Thursday, November 6th. The technology company reported $0.55 earnings per share (EPS) for the quarter, topping 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%.Thermon Group’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period last year, the company earned $0.38 EPS. Thermon Group has set its FY 2026 guidance at 2.000-2.15 EPS. Analysts anticipate that Thermon Group will post 1.88 earnings per share for the current fiscal year.

Institutional Trading of Thermon Group

Several institutional investors and hedge funds have recently made changes to their positions in the stock. CWM LLC boosted its position in Thermon Group by 68.9% during the first quarter. CWM LLC now owns 922 shares of the technology company’s stock valued at $26,000 after buying an additional 376 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of Thermon Group in the 2nd quarter worth approximately $31,000. Assetmark Inc. increased its holdings in shares of 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 in the last quarter. State of Alaska Department of Revenue purchased a new position in Thermon Group in the third quarter worth about $48,000. Finally, State of Wyoming bought a new position in Thermon Group in the 1st quarter valued at approximately $59,000. Hedge funds and other institutional investors 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.