Thermon Group (NYSE:THR) Hits New 12-Month High – Here’s Why

Thermon Group Holdings, Inc. (NYSE:THR)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $36.14 and last traded at $35.90, with a volume of 286570 shares trading hands. The stock had previously closed at $35.20.

Wall Street Analysts Forecast Growth

THR has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Thermon Group in a report on Thursday, October 30th. Wall Street Zen upgraded shares of Thermon Group from a “hold” rating to a “buy” rating in a report on Saturday. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Thermon Group currently has an average rating of “Hold”.

Thermon Group Trading Up 0.3%

The company has a debt-to-equity ratio of 0.23, a current ratio of 2.43 and a quick ratio of 1.49. The firm has a market cap of $1.19 billion, a P/E ratio of 22.81 and a beta of 1.06. The company’s 50 day moving average is $27.48 and its two-hundred day moving average is $27.46.

Thermon Group (NYSE:THR) last announced its quarterly earnings results on Thursday, November 6th. The technology company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.19. Thermon Group had a net margin of 10.89% and a return on equity of 12.65%. The firm had revenue of $131.72 million for the quarter, compared to analyst estimates of $119.43 million. During the same quarter in the previous year, the firm posted $0.38 EPS. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. Thermon Group has set its FY 2026 guidance at 2.000-2.15 EPS. On average, sell-side analysts predict that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. CWM LLC increased its position in shares of Thermon Group by 68.9% during the 1st quarter. CWM LLC now owns 922 shares of the technology company’s stock worth $26,000 after purchasing an additional 376 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in Thermon Group during the 2nd quarter valued at $31,000. Assetmark Inc. raised its position 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 last quarter. State of Alaska Department of Revenue acquired a new position in Thermon Group in the third quarter worth $48,000. Finally, State of Wyoming acquired a new position in Thermon Group in the first quarter worth $59,000. 99.76% of the stock is currently owned by institutional investors and hedge funds.

About Thermon Group

Thermon Group Holdings, Inc provides engineered industrial process heating solutions for process industries in the United States and Latin America, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It offers heat tracing products, such as electric heat tracing cables, steam heating solutions, controls, monitoring and software, instrumentation, project services, industrial heating and filtration solutions, temporary electrical power distribution and lighting, and other products and services.