Thermon Group (NYSE:THR) Rating Lowered to Hold at Craig Hallum

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

Several other research analysts also recently commented on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Thermon Group in a research note on Monday, December 29th. Roth Mkm lowered shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 25th. CJS Securities cut shares of Thermon Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 25th. Wall Street Zen downgraded shares of Thermon Group from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Finally, Zacks Research raised Thermon Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.00.

Thermon Group Trading Down 5.2%

Shares of THR stock opened at $46.46 on Monday. The business has a 50-day moving average of $44.67 and a 200 day moving average of $35.35. 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 capitalization of $1.53 billion, a PE ratio of 26.40 and a beta of 0.71.

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

Institutional Investors Weigh In On Thermon Group

A number of large investors have recently modified their holdings of THR. Wedge Capital Management L L P NC grew its holdings in shares of Thermon Group by 182.6% during the 3rd quarter. Wedge Capital Management L L P NC now owns 165,479 shares of the technology company’s stock worth $4,422,000 after acquiring an additional 106,925 shares during the period. Heartland Advisors Inc. boosted its position in shares of Thermon Group by 10.7% during the third quarter. Heartland Advisors Inc. now owns 256,044 shares of the technology company’s stock valued at $6,841,000 after purchasing an additional 24,732 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Thermon Group by 103.1% during the third quarter. Assenagon Asset Management S.A. now owns 255,694 shares of the technology company’s stock valued at $6,832,000 after purchasing an additional 129,791 shares in the last quarter. Swedbank AB grew its stake in Thermon Group by 16.1% in the third quarter. Swedbank AB now owns 758,000 shares of the technology company’s stock worth $20,254,000 after purchasing an additional 105,000 shares during the period. Finally, Lightrock Netherlands B.V. grew its stake in Thermon Group by 24.5% in the third quarter. Lightrock Netherlands B.V. now owns 307,075 shares of the technology company’s stock worth $8,205,000 after purchasing an additional 60,350 shares during the period. Institutional investors own 99.76% of the company’s stock.

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.