Thermon Group (NYSE:THR) Rating Increased to Strong-Buy at Wall Street Zen

Thermon Group (NYSE:THR) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday.

Other equities research analysts have also issued research reports about the company. Zacks Research raised Thermon Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 6th. Roth Mkm increased their price target on shares of Thermon Group from $38.00 to $54.00 and gave the company a “buy” rating in a research note on Tuesday, February 3rd. Weiss Ratings restated a “buy (b-)” rating on shares of Thermon Group in a research report on Monday, December 29th. Finally, Craig Hallum started coverage on shares of Thermon Group in a report on Monday, February 2nd. They issued a “buy” rating and a $60.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $57.00.

Thermon Group Price Performance

Shares of THR opened at $51.06 on Friday. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of 29.01 and a beta of 0.78. The firm’s fifty day simple moving average is $42.99 and its 200-day simple moving average is $34.02. Thermon Group has a twelve month low of $23.05 and a twelve month high of $53.52. The company has a current ratio of 2.90, a quick ratio of 1.84 and a debt-to-equity ratio of 0.25.

Thermon Group (NYSE:THR) last issued its 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 net margin of 11.26% and a return on equity of 13.82%. The firm had revenue of $147.31 million during the quarter, compared to the consensus estimate of $138.35 million. During the same quarter in the previous year, the firm posted $0.56 earnings per share. The company’s 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 analysts forecast that Thermon Group will post 1.88 EPS for the current fiscal year.

Institutional Trading of Thermon Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Canada Pension Plan Investment Board acquired a new stake in shares of Thermon Group in the 2nd quarter worth $31,000. Assetmark Inc. raised its holdings in Thermon Group by 68.1% during the third quarter. Assetmark Inc. now owns 1,530 shares of the technology company’s stock worth $41,000 after purchasing an additional 620 shares in the last quarter. Danske Bank A S acquired a new stake in Thermon Group in the third quarter valued at about $45,000. State of Alaska Department of Revenue acquired a new stake in Thermon Group in the third quarter valued at about $48,000. Finally, Nkcfo LLC purchased a new stake in Thermon Group in the 4th quarter valued at approximately $85,000. Hedge funds and other 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.