Thermon Group (NYSE:THR) Sees Strong Trading Volume – Time to Buy?

Thermon Group Holdings, Inc. (NYSE:THR) saw an uptick in trading volume on Wednesday . 1,468,061 shares traded hands during mid-day trading, an increase of 215% from the previous session’s volume of 466,488 shares.The stock last traded at $54.0240 and had previously closed at $50.48.

Analyst Ratings Changes

Several analysts have issued reports on THR shares. William Blair cut Thermon Group from an “outperform” rating to a “hold” rating in a research report on Wednesday. Wall Street Zen upgraded Thermon Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 21st. CJS Securities downgraded Thermon Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday. Craig Hallum initiated 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. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Thermon Group in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $57.00.

Thermon Group Stock Down 3.5%

The company has a 50-day moving average of $44.28 and a 200-day moving average of $34.90. The company has a current ratio of 2.90, a quick ratio of 1.84 and a debt-to-equity ratio of 0.25. 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 (NYSE:THR) last issued its quarterly 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 analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.56 earnings per share. Thermon Group has set its FY 2026 guidance at 1.640-1.780 EPS. On average, equities analysts predict that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada grew its holdings in shares of Thermon Group by 0.4% during the first quarter. Royal Bank of Canada now owns 258,852 shares of the technology company’s stock valued at $7,209,000 after buying an additional 1,082 shares during the last quarter. AQR Capital Management LLC lifted its position 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 acquiring an additional 16,177 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake 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 valued at $552,000 after purchasing an additional 845 shares during the last quarter. Jane Street Group LLC grew its stake in Thermon Group by 24.9% during 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 during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Thermon Group in the second quarter valued at about $218,000. 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.