Thermon Group (NYSE:THR) Hits New 52-Week High – Should You Buy?

Thermon Group Holdings, Inc. (NYSE:THR) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $41.92 and last traded at $41.54, with a volume of 58013 shares. The stock had previously closed at $40.51.

Analyst Ratings Changes

THR has been the subject of a number of recent research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Thermon Group in a research report on Monday, December 29th. Wall Street Zen raised Thermon Group from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 16th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy”.

Thermon Group Price Performance

The stock has a fifty day moving average of $36.57 and a two-hundred day moving average of $30.37. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 23.41 and a beta of 0.79. The company has a quick ratio of 1.74, a current ratio of 2.82 and a debt-to-equity ratio of 0.26.

Thermon Group (NYSE:THR) last released its earnings results on Thursday, November 6th. The technology company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.19. The company had revenue of $131.72 million during the quarter, compared to the consensus estimate of $119.43 million. Thermon Group had a return on equity of 13.58% and a net margin of 11.60%.Thermon Group’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.38 earnings per share. Thermon Group has set its FY 2026 guidance at 2.000-2.15 EPS. On average, equities research analysts anticipate that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current year.

Institutional Investors Weigh In On Thermon Group

A number of hedge funds and other institutional investors have recently modified their holdings of THR. Canada Pension Plan Investment Board acquired a new stake in shares of Thermon Group in the 2nd quarter worth approximately $31,000. Assetmark Inc. boosted its position 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 stake in Thermon Group in the third quarter valued at $45,000. State of Alaska Department of Revenue purchased a new position in shares of Thermon Group in the third quarter valued at $48,000. Finally, Federated Hermes Inc. raised its stake in shares of 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 last quarter. 99.76% of the stock is currently owned by institutional investors and hedge funds.

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.