Thermon Group (NYSE:THR) Stock Price Up 7.5% – What’s Next?

Thermon Group Holdings, Inc. (NYSE:THR) shares rose 7.5% during mid-day trading on Tuesday . The company traded as high as $58.46 and last traded at $58.1860. Approximately 271,385 shares traded hands during trading, a decline of 44% from the average daily volume of 482,608 shares. The stock had previously closed at $54.11.

Analyst Upgrades and Downgrades

THR has been the subject of a number of recent research reports. Wall Street Zen lowered shares of Thermon Group from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 1st. CJS Securities cut shares of Thermon Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 25th. Craig Hallum cut shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 2nd. Roth Mkm cut shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 25th. Finally, William Blair cut shares of Thermon Group from an “outperform” rating to a “hold” rating in a research note on Wednesday, February 25th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $57.00.

Thermon Group Stock Up 2.1%

The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 34.41 and a beta of 0.72. The business’s 50 day moving average price is $51.25 and its 200 day moving average price is $42.54. 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 quarterly earnings data on Thursday, February 5th. The technology company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $138.35 million. During the same quarter last year, the company earned $0.56 EPS. The business’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, equities analysts forecast that Thermon Group Holdings, Inc. will post 2.13 EPS for the current year.

Institutional Investors Weigh In On Thermon Group

Institutional investors have recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board acquired a new stake in Thermon Group in the 2nd quarter valued at $31,000. Assetmark Inc. grew its stake 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 acquiring an additional 620 shares during the period. Danske Bank A S acquired a new stake in Thermon Group in the 3rd quarter valued at $45,000. State of Alaska Department of Revenue acquired a new stake in Thermon Group in the 3rd quarter valued at $48,000. Finally, Federated Hermes Inc. grew its stake in Thermon Group by 18.5% in the 3rd quarter. Federated Hermes Inc. now owns 2,615 shares of the technology company’s stock valued at $70,000 after acquiring an additional 409 shares during the period. Institutional investors and hedge funds own 99.76% of the company’s stock.

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.