Roth Mkm Downgrades Thermon Group (NYSE:THR) to Hold

Thermon Group (NYSE:THR) was downgraded by stock analysts at Roth Mkm from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

Several other equities analysts have also commented on the company. Craig Hallum assumed coverage on Thermon Group in a research note on Monday, February 2nd. They set a “buy” rating and a $60.00 price target on the stock. Zacks Research raised Thermon Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 6th. CJS Securities lowered Thermon Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday. William Blair cut Thermon Group from an “outperform” rating to a “hold” rating in a research note on Wednesday. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Thermon Group in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $57.00.

Thermon Group Price Performance

Thermon Group stock opened at $52.84 on Wednesday. The firm has a 50-day moving average of $44.04 and a two-hundred day moving average of $34.72. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.90 and a quick ratio of 1.84. Thermon Group has a 1 year low of $23.05 and a 1 year high of $58.56. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 30.02 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. The company had revenue of $147.31 million for the quarter, compared to the consensus estimate of $138.35 million. Thermon Group had a return on equity of 13.82% and a net margin of 11.26%.Thermon Group’s quarterly revenue was up 9.6% on a year-over-year basis. During the same period last year, the business posted $0.56 EPS. Thermon Group has set its FY 2026 guidance at 1.640-1.780 EPS. On average, research analysts forecast that Thermon Group will post 1.88 earnings per share for the current year.

Institutional Trading of Thermon Group

Several large investors have recently made changes to their positions in THR. Westwood Holdings Group Inc. raised its holdings in shares of Thermon Group by 15,981.5% during the second quarter. Westwood Holdings Group Inc. now owns 1,317,236 shares of the technology company’s stock worth $36,991,000 after purchasing an additional 1,309,045 shares during the last quarter. GW&K Investment Management LLC increased its holdings in shares of Thermon Group by 133.4% during the 3rd quarter. GW&K Investment Management LLC now owns 1,429,542 shares of the technology company’s stock valued at $38,198,000 after purchasing an additional 817,138 shares in the last quarter. Clifford Capital Partners LLC lifted its stake in shares of Thermon Group by 2,551.8% in the 4th quarter. Clifford Capital Partners LLC now owns 430,230 shares of the technology company’s stock valued at $15,987,000 after purchasing an additional 414,006 shares during the period. Janus Henderson Group PLC boosted its holdings in Thermon Group by 960.3% during the fourth quarter. Janus Henderson Group PLC now owns 250,813 shares of the technology company’s stock worth $9,320,000 after buying an additional 227,157 shares in the last quarter. Finally, Invesco Ltd. grew its position in Thermon Group by 445.3% during the fourth quarter. Invesco Ltd. now owns 273,068 shares of the technology company’s stock valued at $10,147,000 after buying an additional 222,990 shares during the period. 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.