Thermon Group (NYSE:THR) Cut to “Hold” at Zacks Research

Zacks Research downgraded shares of Thermon Group (NYSE:THR) from a strong-buy rating to a hold rating in a report published on Thursday morning,Zacks.com reports.

A number of other equities research analysts have also recently weighed in on THR. William Blair cut Thermon Group from an “outperform” rating to a “hold” rating in a research note on Wednesday, February 25th. Craig Hallum cut Thermon Group from a “strong-buy” rating to a “hold” rating in a report on Monday, March 2nd. Wall Street Zen downgraded Thermon Group from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 1st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Thermon Group in a research note on Monday, December 29th. Finally, CJS Securities cut shares of Thermon Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 25th. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $57.00.

Thermon Group Stock Performance

NYSE:THR opened at $51.19 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.84 and a current ratio of 2.90. The stock has a market capitalization of $1.68 billion, a P/E ratio of 29.09 and a beta of 0.71. The company has a 50 day moving average price of $48.04 and a 200 day moving average price of $38.08. Thermon Group has a fifty-two week low of $23.05 and a fifty-two week high of $58.56.

Thermon Group (NYSE:THR) last announced its earnings results on Thursday, February 5th. The technology company reported $0.66 earnings per share (EPS) for the quarter, beating 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 company had revenue of $147.31 million for the quarter, compared to analyst estimates of $138.35 million. During the same quarter in the previous year, the company earned $0.56 earnings per share. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. Thermon Group has set its FY 2026 guidance at 1.640-1.780 EPS. Equities research analysts forecast that Thermon Group will post 1.88 EPS for the current year.

Institutional Trading of Thermon Group

Hedge funds have recently modified their holdings of the stock. Royal Bank of Canada boosted its holdings in Thermon Group by 0.4% in the first quarter. Royal Bank of Canada now owns 258,852 shares of the technology company’s stock valued at $7,209,000 after purchasing an additional 1,082 shares during the period. AQR Capital Management LLC increased its holdings in Thermon Group by 66.9% during the 1st 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Thermon Group by 4.5% during the 1st 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 during the period. Jane Street Group LLC raised its position in Thermon Group by 24.9% in the 1st 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 in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Thermon Group by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 791,132 shares of the technology company’s stock valued at $22,218,000 after buying an additional 2,078 shares during the period. 99.76% of the stock is currently owned by institutional investors and hedge funds.

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.