Thermon Group (NYSE:THR) Rating Lowered to “Buy” at Wall Street Zen

Thermon Group (NYSE:THR) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Sunday.

Several other equities analysts also recently commented on the stock. 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 price objective on the stock. William Blair downgraded shares of Thermon Group from an “outperform” rating to a “hold” rating in a research report on Wednesday. Roth Mkm cut Thermon Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Weiss Ratings reissued a “buy (b-)” rating on shares of Thermon Group in a research report on Monday, December 29th. Finally, Zacks Research raised Thermon Group from a “hold” rating to a “strong-buy” rating in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Thermon Group presently has an average rating of “Moderate Buy” and a consensus price target of $57.00.

Thermon Group Stock Performance

NYSE THR opened at $50.83 on Friday. The stock has a market cap of $1.67 billion, a P/E ratio of 28.88 and a beta of 0.78. The company has a quick ratio of 1.84, a current ratio of 2.90 and a debt-to-equity ratio of 0.25. Thermon Group has a twelve month low of $23.05 and a twelve month high of $58.56. The company’s 50-day simple moving average is $44.28 and its 200 day simple moving average is $34.97.

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 analysts’ consensus estimates of $0.59 by $0.07. The business had revenue of $147.31 million for the quarter, compared to the consensus estimate of $138.35 million. Thermon Group had a net margin of 11.26% and a return on equity of 13.82%. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.56 earnings per share. Thermon Group has set its FY 2026 guidance at 1.640-1.780 EPS. As a group, research analysts forecast that Thermon Group will post 1.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Thermon Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Canada Pension Plan Investment Board bought a new position in Thermon Group in the 2nd quarter valued at approximately $31,000. Assetmark Inc. grew its stake in shares of 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 buying an additional 620 shares during the last quarter. Danske Bank A S acquired a new position in shares of Thermon Group during the third quarter worth $45,000. State of Alaska Department of Revenue bought a new position in shares of Thermon Group in the 3rd quarter valued at $48,000. Finally, Nkcfo LLC bought a new position in shares of Thermon Group in the 4th quarter valued at $85,000. 99.76% of the stock is owned by 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.