Brokerages Set Thermon Group Holdings, Inc. (NYSE:THR) Price Target at $57.00

Thermon Group Holdings, Inc. (NYSE:THR) has been given an average rating of “Moderate Buy” by the six research firms that are currently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $57.00.

A number of research analysts have commented on the stock. William Blair lowered shares of Thermon Group from an “outperform” rating to a “hold” rating in a research note on Wednesday, February 25th. Wall Street Zen downgraded shares of Thermon Group from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 1st. Craig Hallum cut Thermon Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 2nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Thermon Group in a research note on Monday, December 29th. Finally, CJS Securities cut Thermon Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 25th.

Hedge Funds Weigh In On Thermon Group

A number of hedge funds and other institutional investors have recently bought and sold shares of THR. Canada Pension Plan Investment Board acquired a new position in Thermon Group in the 2nd quarter valued at $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 position in Thermon Group during the 3rd quarter worth approximately $45,000. State of Alaska Department of Revenue purchased a new stake in shares of Thermon Group in the third quarter valued at approximately $48,000. Finally, Federated Hermes Inc. raised its position in Thermon Group by 18.5% in the third quarter. Federated Hermes Inc. now owns 2,615 shares of the technology company’s stock worth $70,000 after acquiring an additional 409 shares in the last quarter. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Thermon Group Price Performance

THR stock opened at $51.05 on Friday. 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 $1.68 billion, a P/E ratio of 29.00 and a beta of 0.71. The business has a 50 day simple moving average of $47.84 and a 200-day simple moving average of $37.81. Thermon Group has a twelve month low of $23.05 and a twelve month high of $58.56.

Thermon Group (NYSE:THR) last announced its earnings results on Thursday, February 5th. The technology company reported $0.66 EPS for the quarter, beating 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 business had revenue of $147.31 million for the quarter, compared to analysts’ expectations of $138.35 million. During the same period in the previous year, the company posted $0.56 EPS. The company’s quarterly revenue was up 9.6% on a year-over-year basis. Thermon Group has set its FY 2026 guidance at 1.640-1.780 EPS. As a group, equities analysts anticipate that Thermon Group will post 1.88 EPS for the current 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.