Thermon Group (NYSE:THR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Thermon Group (NYSE:THR) from a buy rating to a strong-buy rating in a report released on Saturday morning.

A number of other brokerages also recently commented on THR. Zacks Research upgraded shares of Thermon Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 6th. Craig Hallum began coverage on Thermon Group in a research note on Monday, February 2nd. They issued a “buy” rating and a $60.00 price target on the stock. Roth Mkm upped their price objective on Thermon Group from $38.00 to $54.00 and gave the stock a “buy” rating in a report on Tuesday, February 3rd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Thermon Group in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $57.00.

Thermon Group Price Performance

Shares of THR opened at $49.81 on Friday. 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 has a fifty-two week low of $23.05 and a fifty-two week high of $53.52. The firm has a 50-day simple moving average of $43.19 and a 200-day simple moving average of $34.27. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 28.30 and a beta of 0.78.

Thermon Group (NYSE:THR) last released its earnings results on Thursday, February 5th. The technology company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.07. Thermon Group had a return on equity of 13.82% and a net margin of 11.26%.The business had revenue of $147.31 million for the quarter, compared to analyst estimates of $138.35 million. During the same quarter in the previous year, the company posted $0.56 earnings per share. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. Thermon Group has set its FY 2026 guidance at 1.640-1.780 EPS. On average, equities research analysts anticipate that Thermon Group will post 1.88 earnings per share for the current year.

Institutional Investors Weigh In On Thermon Group

A number of institutional investors and hedge funds have recently bought and sold shares of THR. Canada Pension Plan Investment Board acquired a new position in shares of Thermon Group in the second quarter worth $31,000. Assetmark Inc. increased its position in Thermon Group by 68.1% during the 3rd 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 in the 3rd quarter valued at about $45,000. State of Alaska Department of Revenue purchased a new position in Thermon Group in the 3rd quarter valued at about $48,000. Finally, Federated Hermes Inc. boosted 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 purchasing an additional 409 shares during the last quarter. Hedge funds and other institutional investors own 99.76% of the company’s stock.

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.