Thermon Group’s (THR) “Market Perform” Rating Reaffirmed at William Blair

William Blair reissued their market perform rating on shares of Thermon Group (NYSE:THR) in a report released on Wednesday morning,Benzinga reports.

Several other equities analysts have also recently weighed in on the company. Zacks Research upgraded Thermon Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 6th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Thermon Group in a report on Monday, December 29th. Wall Street Zen upgraded Thermon Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 21st. Roth Mkm raised their price objective on shares of Thermon Group from $38.00 to $54.00 and gave the company a “buy” rating in a research report on Tuesday, February 3rd. Finally, Craig Hallum assumed coverage on shares of Thermon Group in a report on Monday, February 2nd. They set a “buy” rating and a $60.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $57.00.

Thermon Group Stock Performance

NYSE THR opened at $53.84 on Wednesday. The company’s 50 day moving average is $43.75 and its 200-day moving average is $34.59. Thermon Group has a 12-month low of $23.05 and a 12-month high of $58.56. The company has a quick ratio of 1.84, a current ratio of 2.90 and a debt-to-equity ratio of 0.25. The firm has a market cap of $1.77 billion, a P/E ratio of 30.59 and a beta of 0.78.

Thermon Group (NYSE:THR) last released its quarterly earnings data on Thursday, February 5th. The technology company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.59 by $0.07. Thermon Group had a net margin of 11.26% and a return on equity of 13.82%. The company had revenue of $147.31 million during the quarter, compared to the consensus estimate of $138.35 million. During the same period last year, the firm earned $0.56 EPS. Thermon Group’s revenue for the quarter was up 9.6% on a year-over-year basis. Thermon Group has set its FY 2026 guidance at 1.640-1.780 EPS. Sell-side analysts predict that Thermon Group will post 1.88 earnings per share for the current year.

Institutional Investors Weigh In On Thermon Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. GW&K Investment Management LLC grew its stake in Thermon Group by 13.8% in the 4th quarter. GW&K Investment Management LLC now owns 1,627,257 shares of the technology company’s stock worth $60,469,000 after buying an additional 197,715 shares in the last quarter. Westwood Holdings Group Inc. lifted its holdings in shares of 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 worth $36,991,000 after acquiring an additional 1,309,045 shares during the last quarter. Brown Advisory Inc. grew its position in Thermon Group by 13.7% in the second quarter. Brown Advisory Inc. now owns 1,107,088 shares of the technology company’s stock worth $31,087,000 after acquiring an additional 133,145 shares in the last quarter. Medina Value Partners LLC increased its stake in Thermon Group by 5.7% in the fourth quarter. Medina Value Partners LLC now owns 1,043,526 shares of the technology company’s stock valued at $38,777,000 after acquiring an additional 56,361 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Thermon Group by 0.3% in the second quarter. Geode Capital Management LLC now owns 791,132 shares of the technology company’s stock valued at $22,218,000 after acquiring an additional 2,078 shares during the last quarter. 99.76% of the stock is owned by hedge funds and other institutional investors.

Thermon Group Company Profile

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.