Thermon Group (NYSE:THR) Share Price Passes Above 200 Day Moving Average – Here’s Why

Thermon Group Holdings, Inc. (NYSE:THR)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $33.45 and traded as high as $52.41. Thermon Group shares last traded at $51.7070, with a volume of 306,662 shares changing hands.

Analyst Ratings Changes

A number of research firms have weighed in on THR. Weiss Ratings reiterated a “buy (b-)” rating on shares of Thermon Group in a research note on Monday, December 29th. Craig Hallum assumed coverage on Thermon Group in a report on Monday, February 2nd. They set a “buy” rating and a $60.00 target price on the stock. Wall Street Zen cut Thermon Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Zacks Research raised Thermon Group from a “hold” rating to a “strong-buy” rating in a report on Friday, February 6th. Finally, Roth Mkm raised their price objective on shares of Thermon Group from $38.00 to $54.00 and gave the stock a “buy” rating in a research note on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $57.00.

Thermon Group Stock Up 1.2%

The company has a market cap of $1.70 billion, a price-to-earnings ratio of 29.38 and a beta of 0.78. The business has a fifty day moving average of $42.12 and a two-hundred day moving average of $33.45. The company has a current ratio of 2.90, a quick ratio of 1.84 and a debt-to-equity ratio of 0.25.

Thermon Group (NYSE:THR) last issued its quarterly earnings data on Thursday, February 5th. The technology company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.59 by $0.07. The company 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%.Thermon Group’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period last year, the company earned $0.56 earnings per share. Thermon Group has set its FY 2026 guidance at 1.640-1.780 EPS. As a group, equities analysts anticipate that Thermon Group Holdings, Inc. will post 1.88 EPS for the current fiscal year.

Hedge Funds Weigh In On Thermon Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board acquired a new stake in shares of Thermon Group in the second quarter valued at about $31,000. Assetmark Inc. lifted 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 buying an additional 620 shares in the last quarter. Danske Bank A S acquired a new stake in Thermon Group in the 3rd quarter worth about $45,000. State of Alaska Department of Revenue acquired a new stake in Thermon Group in the 3rd quarter worth about $48,000. Finally, Federated Hermes Inc. increased its stake 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 in the last quarter. 99.76% of the stock is owned by hedge funds and other institutional investors.

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.