Craig Hallum Begins Coverage on Thermon Group (NYSE:THR)

Craig Hallum initiated coverage on shares of Thermon Group (NYSE:THR) in a report issued on Monday, Marketbeat.com reports. The firm set a “buy” rating and a $60.00 price target on the technology company’s stock. Craig Hallum’s price objective would indicate a potential upside of 27.35% from the stock’s current price.

A number of other brokerages have also weighed in on THR. Weiss Ratings restated a “buy (b-)” rating on shares of Thermon Group in a research note on Monday, December 29th. Wall Street Zen upgraded shares of Thermon Group from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 16th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $57.00.

Thermon Group Stock Performance

Thermon Group stock opened at $47.12 on Monday. Thermon Group has a 1-year low of $23.05 and a 1-year high of $49.61. 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 firm has a market capitalization of $1.55 billion, a PE ratio of 26.92 and a beta of 0.78. The firm’s 50 day simple moving average is $39.60 and its 200 day simple moving average is $32.04.

Thermon Group (NYSE:THR) last released its quarterly earnings results on Thursday, November 6th. The technology company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.19. The firm had revenue of $131.72 million during the quarter, compared to analyst estimates of $119.43 million. Thermon Group had a net margin of 11.60% and a return on equity of 13.58%. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.38 EPS. Thermon Group has set its FY 2026 guidance at 2.000-2.15 EPS. As a group, analysts expect that Thermon Group will post 1.88 earnings per share for the current fiscal year.

Institutional Trading of Thermon Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Canada Pension Plan Investment Board purchased a new position in shares of Thermon Group during the second quarter worth approximately $31,000. Assetmark Inc. raised its position in Thermon Group by 68.1% in the 3rd quarter. Assetmark Inc. now owns 1,530 shares of the technology company’s stock worth $41,000 after purchasing an additional 620 shares during the period. Danske Bank A S bought a new stake in Thermon Group in the third quarter worth $45,000. State of Alaska Department of Revenue purchased a new stake in Thermon Group during the third quarter valued at about $48,000. Finally, Federated Hermes Inc. grew its stake in shares of Thermon Group by 18.5% during the third quarter. Federated Hermes Inc. now owns 2,615 shares of the technology company’s stock valued at $70,000 after buying an additional 409 shares during the last quarter. Hedge funds and other institutional investors own 99.76% of the company’s stock.

About Thermon Group

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.