Thermon Group Holdings, Inc. (NYSE:THR) Receives Average Rating of “Buy” from Analysts

Thermon Group Holdings, Inc. (NYSE:THR) has been given a consensus rating of “Buy” by the five research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $57.00.

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

Institutional Investors Weigh In On Thermon Group

Institutional investors have recently made changes to their positions in the company. Canada Pension Plan Investment Board acquired a new position in shares of Thermon Group in the second quarter valued at approximately $31,000. Assetmark Inc. boosted its stake in Thermon Group by 68.1% in the 3rd quarter. Assetmark Inc. now owns 1,530 shares of the technology company’s stock valued at $41,000 after purchasing an additional 620 shares during the period. Danske Bank A S bought a new stake in Thermon Group in the 3rd quarter valued at $45,000. State of Alaska Department of Revenue acquired a new position in Thermon Group in the 3rd quarter valued at $48,000. Finally, Federated Hermes Inc. increased its position in Thermon Group by 18.5% during the 3rd quarter. Federated Hermes Inc. now owns 2,615 shares of the technology company’s stock worth $70,000 after buying an additional 409 shares during the period. Institutional investors own 99.76% of the company’s stock.

Thermon Group Stock Up 1.5%

Shares of THR stock opened at $50.49 on Wednesday. Thermon Group has a 52-week low of $23.05 and a 52-week high of $58.56. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 28.69 and a beta of 0.78. The firm’s 50-day moving average is $43.42 and its 200-day moving average is $34.46. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.84 and a current ratio of 2.90.

Thermon Group (NYSE:THR) last announced 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 firm had revenue of $147.31 million for the quarter, compared to the consensus estimate of $138.35 million. Thermon Group had a return on equity of 13.82% and a net margin of 11.26%.The business’s revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.56 earnings per share. Thermon Group has set its FY 2026 guidance at 1.640-1.780 EPS. Sell-side analysts predict 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.