Thermon Group (NYSE:THR) Sets New 52-Week High Following Analyst Upgrade

Thermon Group Holdings, Inc. (NYSE:THR) reached a new 52-week high on Monday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The stock traded as high as $51.56 and last traded at $50.8630, with a volume of 163065 shares. The stock had previously closed at $50.42.

Other research analysts also recently issued reports about the company. Wall Street Zen downgraded Thermon Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Roth Mkm lifted their price target on shares of Thermon Group from $38.00 to $54.00 and gave the company a “buy” rating in a research report on Tuesday, February 3rd. Weiss Ratings restated a “buy (b-)” rating on shares of Thermon Group in a research note on Monday, December 29th. Finally, Craig Hallum began coverage on shares of Thermon Group in a research note on Monday, February 2nd. They issued a “buy” rating and a $60.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $57.00.

Hedge Funds Weigh In On Thermon Group

Several large investors have recently added to or reduced their stakes in THR. Canada Pension Plan Investment Board bought a new stake in shares of Thermon Group in the 2nd quarter worth approximately $31,000. Assetmark Inc. raised its stake in shares of 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 purchasing an additional 620 shares in the last quarter. Danske Bank A S bought a new position in Thermon Group in the third quarter worth $45,000. State of Alaska Department of Revenue acquired a new stake in Thermon Group during the third quarter worth $48,000. Finally, Nkcfo LLC bought a new stake in Thermon Group in the 4th quarter valued at $85,000. Institutional investors and hedge funds own 99.76% of the company’s stock.

Thermon Group Trading Up 4.7%

The business’s 50 day moving average price is $41.33 and its 200-day moving average price is $32.93. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 29.89 and a beta of 0.78. 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 (NYSE:THR) last issued its earnings results on Thursday, February 5th. The technology company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.07. Thermon Group had a net margin of 11.26% and a return on equity of 13.82%. The business had revenue of $147.31 million for the quarter, compared to analyst estimates of $138.35 million. During the same period in the previous year, the business earned $0.56 EPS. The firm’s revenue was up 9.6% on a year-over-year basis. Thermon Group has set its FY 2026 guidance at 1.640-1.780 EPS. On average, research analysts forecast that Thermon Group Holdings, Inc. will post 1.88 EPS for the current year.

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.