Thermon Group (NYSE:THR) Given Market Perform Rating at William Blair

Thermon Group (NYSE:THR)‘s stock had its “market perform” rating reaffirmed by analysts at William Blair in a report released on Wednesday,Benzinga reports.

THR has been the subject of several other reports. Wall Street Zen upgraded Thermon Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Weiss Ratings reissued a “buy (b-)” rating on shares of Thermon Group in a research report on Monday, December 29th. Roth Mkm upped their price target on shares of Thermon Group from $38.00 to $54.00 and gave the company a “buy” rating in a research note on Tuesday, February 3rd. Zacks Research upgraded shares of Thermon Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 6th. Finally, 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 for the company. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $57.00.

Thermon Group Trading Up 1.5%

THR stock opened at $50.49 on Wednesday. Thermon Group has a one year low of $23.05 and a one year 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 company has a fifty day moving average price of $43.42 and a two-hundred day moving average price of $34.46. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.90 and a quick ratio of 1.84.

Thermon Group (NYSE:THR) last announced its 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 during 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%. Thermon Group’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 EPS. Thermon Group has set its FY 2026 guidance at 1.640-1.780 EPS. Equities analysts anticipate that Thermon Group will post 1.88 EPS for the current year.

Institutional Investors Weigh In On Thermon Group

Large investors have recently modified their holdings of the business. Canada Pension Plan Investment Board acquired a new position in shares of Thermon Group during the 2nd quarter worth $31,000. Assetmark Inc. grew its position in Thermon Group by 68.1% in the third quarter. Assetmark Inc. now owns 1,530 shares of the technology company’s stock valued at $41,000 after acquiring an additional 620 shares during the last quarter. Danske Bank A S acquired a new position in Thermon Group during the third quarter worth about $45,000. State of Alaska Department of Revenue bought a new position in shares of Thermon Group in the third quarter worth about $48,000. Finally, Federated Hermes Inc. boosted its stake in shares of Thermon Group by 18.5% in the 3rd quarter. Federated Hermes Inc. now owns 2,615 shares of the technology company’s stock valued at $70,000 after purchasing an additional 409 shares in the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.

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.