Thermon Group (NYSE:THR) Sets New 1-Year High – Should You Buy?

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on THR. 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 research note on Saturday. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Thermon Group currently has a consensus rating of “Hold”.

Thermon Group Price Performance

The company has a quick ratio of 1.49, a current ratio of 2.43 and a debt-to-equity ratio of 0.23. The company has a 50 day simple moving average of $27.48 and a 200-day simple moving average of $27.46. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 22.81 and a beta of 1.06.

Thermon Group (NYSE:THR) last posted 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 return on equity of 12.65% and a net margin of 10.89%.The business had revenue of $131.72 million for the quarter, compared to analyst estimates of $119.43 million. During the same period in the prior year, the company posted $0.38 EPS. The business’s revenue was up 14.9% compared to the same quarter last year. Thermon Group has set its FY 2026 guidance at 2.000-2.15 EPS. As a group, research analysts anticipate that Thermon Group Holdings, Inc. will post 1.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Westwood Holdings Group Inc. raised its stake in Thermon Group by 15,981.5% during the second quarter. Westwood Holdings Group Inc. now owns 1,317,236 shares of the technology company’s stock worth $36,991,000 after acquiring an additional 1,309,045 shares during the period. Brown Advisory Inc. lifted its stake in Thermon Group by 13.7% in the second quarter. Brown Advisory Inc. now owns 1,107,088 shares of the technology company’s stock valued at $31,087,000 after buying an additional 133,145 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Thermon Group by 0.3% during the second quarter. Geode Capital Management LLC now owns 791,132 shares of the technology company’s stock worth $22,218,000 after acquiring an additional 2,078 shares during the last quarter. Swedbank AB raised its stake in shares of Thermon Group by 16.1% during the third quarter. Swedbank AB now owns 758,000 shares of the technology company’s stock valued at $20,254,000 after purchasing an additional 105,000 shares in the last quarter. Finally, GW&K Investment Management LLC lifted its holdings in Thermon Group by 1.6% in the first quarter. GW&K Investment Management LLC now owns 592,262 shares of the technology company’s stock worth $16,494,000 after purchasing an additional 9,292 shares during the period. 99.76% of the stock is owned by institutional investors and hedge funds.

Thermon Group Company Profile

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.