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 research note released on Sunday.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Thermon Group in a research report on Thursday, October 30th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Thermon Group presently has an average rating of “Hold”.

Thermon Group Price Performance

Shares of NYSE:THR opened at $33.71 on Friday. The company has a market cap of $1.11 billion, a P/E ratio of 21.34 and a beta of 1.06. The business has a fifty day simple moving average of $28.39 and a 200-day simple moving average of $27.73. Thermon Group has a 52 week low of $23.05 and a 52 week high of $36.14. The company has a quick ratio of 1.49, a current ratio of 2.43 and a debt-to-equity ratio of 0.23.

Thermon Group (NYSE:THR) last released its earnings results on Thursday, November 6th. The technology company reported $0.55 earnings per share for the quarter, topping 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 firm had revenue of $131.72 million for the quarter, compared to the consensus estimate of $119.43 million. During the same period in the prior year, the business posted $0.38 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts forecast that Thermon Group will post 1.88 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of THR. Westwood Holdings Group Inc. lifted its position 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 valued at $36,991,000 after buying an additional 1,309,045 shares in the last quarter. GW&K Investment Management LLC raised its stake in shares of Thermon Group by 133.4% in the 3rd quarter. GW&K Investment Management LLC now owns 1,429,542 shares of the technology company’s stock valued at $38,198,000 after acquiring an additional 817,138 shares during the period. Invesco Ltd. lifted its holdings in shares of Thermon Group by 420.1% during the 1st quarter. Invesco Ltd. now owns 269,095 shares of the technology company’s stock valued at $7,494,000 after acquiring an additional 217,352 shares in the last quarter. UBS Group AG boosted its position in Thermon Group by 287.4% during the 3rd quarter. UBS Group AG now owns 288,370 shares of the technology company’s stock worth $7,705,000 after purchasing an additional 213,935 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Thermon Group by 298.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 283,889 shares of the technology company’s stock valued at $7,972,000 after purchasing an additional 212,578 shares in the last quarter. Hedge funds and other institutional investors own 99.76% of the company’s stock.

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.