Thermon Group (NYSE:THR) Shares Pass Above 200 Day Moving Average – Should You Sell?

Thermon Group Holdings, Inc. (NYSE:THR)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $30.89 and traded as high as $41.53. Thermon Group shares last traded at $40.9910, with a volume of 226,119 shares.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Wall Street Zen upgraded Thermon Group from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 16th. Weiss Ratings restated a “buy (b-)” rating on shares of Thermon Group in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Thermon Group presently has a consensus rating of “Buy”.

Thermon Group Price Performance

The company has a current ratio of 2.82, a quick ratio of 1.74 and a debt-to-equity ratio of 0.26. The business has a 50-day moving average of $37.57 and a 200 day moving average of $30.89. The firm has a market capitalization of $1.35 billion, a PE ratio of 23.42 and a beta of 0.79.

Thermon Group (NYSE:THR) last posted its quarterly earnings data on Thursday, November 6th. The technology company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.19. Thermon Group had a net margin of 11.60% and a return on equity of 13.58%. 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 previous year, the firm earned $0.38 EPS. The business’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. As a group, research analysts anticipate that Thermon Group Holdings, Inc. will post 1.88 EPS for the current fiscal year.

Institutional Investors Weigh In On Thermon Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in THR. Allspring Global Investments Holdings LLC bought a new position in shares of Thermon Group during the 4th quarter worth approximately $3,758,000. Congress Asset Management Co. bought a new stake in Thermon Group during the fourth quarter worth $227,000. SG Americas Securities LLC lifted its holdings in Thermon Group by 52.6% during the fourth quarter. SG Americas Securities LLC now owns 22,612 shares of the technology company’s stock worth $840,000 after acquiring an additional 7,799 shares during the period. Oliver Luxxe Assets LLC purchased a new position in Thermon Group in the fourth quarter worth $1,100,000. Finally, Penn Capital Management Company LLC grew its stake in Thermon Group by 19.9% in the 3rd quarter. Penn Capital Management Company LLC now owns 9,511 shares of the technology company’s stock valued at $254,000 after purchasing an additional 1,581 shares during the period. Hedge funds and other institutional investors 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.