Thermon Group (NYSE:THR) Announces Earnings Results

Thermon Group (NYSE:THR) released its earnings results on Thursday. The technology company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.19, Zacks reports. Thermon Group had a net margin of 10.89% and a return on equity of 12.65%. The business had revenue of $131.72 million for the quarter, compared to the consensus estimate of $119.43 million. During the same period in the previous year, the firm earned $0.38 EPS. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. Thermon Group updated its FY 2026 guidance to 2.000-2.15 EPS.

Thermon Group Trading Up 11.7%

Thermon Group stock traded up $3.45 during midday trading on Thursday, reaching $32.86. The stock had a trading volume of 529,211 shares, compared to its average volume of 194,578. The firm’s fifty day simple moving average is $26.96 and its two-hundred day simple moving average is $27.23. Thermon Group has a twelve month low of $23.05 and a twelve month high of $33.71. 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 $1.09 billion, a price-to-earnings ratio of 20.80 and a beta of 1.06.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. PDT Partners LLC grew its stake in Thermon Group by 62.2% in the second quarter. PDT Partners LLC now owns 46,429 shares of the technology company’s stock valued at $1,304,000 after purchasing an additional 17,796 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Thermon Group by 66.9% during the 1st quarter. AQR Capital Management LLC now owns 40,365 shares of the technology company’s stock valued at $1,124,000 after buying an additional 16,177 shares during the last quarter. Jane Street Group LLC raised its position in Thermon Group by 24.9% during the first quarter. Jane Street Group LLC now owns 39,130 shares of the technology company’s stock valued at $1,090,000 after acquiring an additional 7,798 shares in the last quarter. Balyasny Asset Management L.P. bought a new position in Thermon Group during the second quarter valued at approximately $674,000. Finally, Cerity Partners LLC raised its position in Thermon Group by 47.5% during the second quarter. Cerity Partners LLC now owns 23,604 shares of the technology company’s stock valued at $663,000 after acquiring an additional 7,596 shares in the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.

Analyst Ratings Changes

THR has been the topic of several recent research reports. Wall Street Zen lowered shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Thermon Group in a research note on Thursday, October 30th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

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.