Thermon Group Holdings, Inc. (NYSE:THR) Receives $57.00 Average Target Price from Analysts

Shares of Thermon Group Holdings, Inc. (NYSE:THR) have received an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $57.00.

THR has been the subject of several recent analyst reports. Craig Hallum began coverage on shares of Thermon Group in a research report on Monday, February 2nd. They set a “buy” rating and a $60.00 price objective for the company. Wall Street Zen upgraded shares of Thermon Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 21st. Zacks Research upgraded shares of Thermon Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 6th. Roth Mkm lowered Thermon Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Thermon Group in a report on Monday, December 29th.

Institutional Investors Weigh In On Thermon Group

Several large investors have recently modified their holdings of THR. Aristides Capital LLC acquired a new stake in Thermon Group during the 4th quarter worth approximately $204,000. Virtu Financial LLC purchased a new stake in shares of Thermon Group during the fourth quarter worth approximately $549,000. Invesco Ltd. lifted its holdings in shares of Thermon Group by 445.3% during the fourth quarter. Invesco Ltd. now owns 273,068 shares of the technology company’s stock worth $10,147,000 after purchasing an additional 222,990 shares during the period. EP Wealth Advisors LLC purchased a new position in Thermon Group in the 4th quarter valued at $251,000. Finally, Millennium Management LLC purchased a new position in Thermon Group in the 4th quarter valued at $737,000. 99.76% of the stock is owned by institutional investors and hedge funds.

Thermon Group Stock Down 3.5%

Shares of NYSE THR opened at $50.83 on Wednesday. The business has a 50-day moving average of $44.28 and a two-hundred day moving average of $34.90. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 28.88 and a beta of 0.78. Thermon Group has a 1 year low of $23.05 and a 1 year high of $58.56. 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 (NYSE:THR) last issued its earnings results on Thursday, February 5th. The technology company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.07. The business had revenue of $147.31 million for the quarter, compared to analyst estimates of $138.35 million. Thermon Group had a return on equity of 13.82% and a net margin of 11.26%.The business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the company earned $0.56 EPS. Thermon Group has set its FY 2026 guidance at 1.640-1.780 EPS. On average, analysts forecast that Thermon Group will post 1.88 earnings per share for the current fiscal year.

About Thermon Group

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.