Thermon Group Holdings, Inc. (NYSE:THR) Given Average Recommendation of “Moderate Buy” by Analysts

Thermon Group Holdings, Inc. (NYSE:THR) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $57.00.

Several equities research analysts have issued reports on the company. Zacks Research upgraded Thermon Group from a “hold” rating to a “strong-buy” rating in a report on Friday, February 6th. Craig Hallum lowered Thermon Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 2nd. Roth Mkm cut Thermon Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 25th. CJS Securities downgraded shares of Thermon Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 25th. Finally, Wall Street Zen cut shares of Thermon Group from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 1st.

Institutional Investors Weigh In On Thermon Group

A number of institutional investors have recently modified their holdings of THR. Westwood Holdings Group Inc. lifted its position in shares of Thermon Group by 15,981.5% during the second quarter. Westwood Holdings Group Inc. now owns 1,317,236 shares of the technology company’s stock worth $36,991,000 after purchasing an additional 1,309,045 shares during the last quarter. GW&K Investment Management LLC raised its stake in Thermon Group by 133.4% during the third quarter. GW&K Investment Management LLC now owns 1,429,542 shares of the technology company’s stock valued at $38,198,000 after buying an additional 817,138 shares in the last quarter. Clifford Capital Partners LLC raised its stake in Thermon Group by 2,551.8% during the fourth quarter. Clifford Capital Partners LLC now owns 430,230 shares of the technology company’s stock valued at $15,987,000 after buying an additional 414,006 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Thermon Group by 960.3% during the 4th quarter. Janus Henderson Group PLC now owns 250,813 shares of the technology company’s stock worth $9,320,000 after buying an additional 227,157 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in Thermon Group by 445.3% during the 4th quarter. Invesco Ltd. now owns 273,068 shares of the technology company’s stock worth $10,147,000 after buying an additional 222,990 shares during the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.

Thermon Group Stock Down 3.3%

Shares of Thermon Group stock opened at $46.95 on Friday. The business has a 50-day moving average of $47.04 and a 200-day moving average of $37.19. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.90 and a quick ratio of 1.84. The company has a market capitalization of $1.54 billion, a PE ratio of 26.68 and a beta of 0.71. Thermon Group has a 1-year low of $23.05 and a 1-year high of $58.56.

Thermon Group (NYSE:THR) last released its quarterly earnings results on Thursday, February 5th. The technology company reported $0.66 EPS 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 analysts’ expectations of $138.35 million. Thermon Group had a return on equity of 13.82% and a net margin of 11.26%.The company’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.56 earnings per share. Thermon Group has set its FY 2026 guidance at 1.640-1.780 EPS. As a group, equities analysts forecast that Thermon Group will post 1.88 EPS for the current fiscal year.

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.