Thermon Group (NYSE:THR) Now Covered by Craig Hallum

Craig Hallum assumed coverage on shares of Thermon Group (NYSE:THR) in a research report sent to investors on Monday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $60.00 target price on the technology company’s stock.

Several other analysts have also recently commented on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Thermon Group in a research note on Monday, December 29th. Wall Street Zen upgraded shares of Thermon Group from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 16th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $60.00.

Thermon Group Stock Performance

Shares of THR opened at $47.02 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.74 and a current ratio of 2.82. The stock has a 50-day moving average of $39.36 and a two-hundred day moving average of $31.90. The stock has a market cap of $1.54 billion, a P/E ratio of 26.87 and a beta of 0.78. Thermon Group has a one year low of $23.05 and a one year high of $48.08.

Thermon Group (NYSE:THR) last announced its quarterly earnings data 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. Thermon Group had a return on equity of 13.58% and a net margin of 11.60%.The firm had revenue of $131.72 million during the quarter, compared to analysts’ expectations of $119.43 million. During the same period last year, the business posted $0.38 earnings per share. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. Thermon Group has set its FY 2026 guidance at 2.000-2.15 EPS. As a group, research analysts predict that Thermon Group will post 1.88 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Royal Bank of Canada grew its position in shares of Thermon Group by 0.4% during the 1st quarter. Royal Bank of Canada now owns 258,852 shares of the technology company’s stock valued at $7,209,000 after acquiring an additional 1,082 shares during the period. AQR Capital Management LLC boosted its position in Thermon Group by 66.9% during the first quarter. AQR Capital Management LLC now owns 40,365 shares of the technology company’s stock worth $1,124,000 after purchasing an additional 16,177 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Thermon Group by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,822 shares of the technology company’s stock worth $552,000 after purchasing an additional 845 shares in the last quarter. Jane Street Group LLC grew its holdings in Thermon Group by 24.9% in the first quarter. Jane Street Group LLC now owns 39,130 shares of the technology company’s stock valued at $1,090,000 after purchasing an additional 7,798 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Thermon Group in the second quarter valued at approximately $363,000. Institutional investors and hedge funds 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.