Thermon Group (NYSE:THR) Stock Rating Lowered by William Blair

Thermon Group (NYSE:THR) was downgraded by stock analysts at William Blair from an “outperform” rating to a “hold” rating in a report released on Wednesday, MarketBeat Ratings reports.

A number of other brokerages have also commented on THR. Zacks Research upgraded Thermon Group from a “hold” rating to a “strong-buy” rating in a report on Friday, February 6th. Weiss Ratings reiterated 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 Saturday, February 21st. Craig Hallum started coverage on shares of Thermon Group in a report on Monday, February 2nd. They set a “buy” rating and a $60.00 price objective on the stock. Finally, Roth Mkm increased their target price on shares of Thermon Group from $38.00 to $54.00 and gave the company a “buy” rating in a research note on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $57.00.

Thermon Group Stock Performance

Shares of THR opened at $52.84 on Wednesday. The company has a market capitalization of $1.74 billion, a PE ratio of 30.02 and a beta of 0.78. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.90 and a quick ratio of 1.84. Thermon Group has a one year low of $23.05 and a one year high of $58.56. The company’s fifty day moving average price is $44.04 and its 200 day moving average price is $34.72.

Thermon Group (NYSE:THR) last issued its quarterly earnings results on Thursday, February 5th. The technology company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.07. The company had revenue of $147.31 million for the quarter, compared to the consensus estimate of $138.35 million. Thermon Group had a return on equity of 13.82% and a net margin of 11.26%.The firm’s revenue was up 9.6% compared to the same quarter last year. During the same period last year, the business posted $0.56 earnings per share. Thermon Group has set its FY 2026 guidance at 1.640-1.780 EPS. As a group, analysts expect that Thermon Group will post 1.88 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Westwood Holdings Group Inc. grew its holdings in shares of Thermon Group by 15,981.5% in the 2nd quarter. Westwood Holdings Group Inc. now owns 1,317,236 shares of the technology company’s stock worth $36,991,000 after purchasing an additional 1,309,045 shares during the last quarter. GW&K Investment Management LLC grew its stake in Thermon Group by 133.4% during the third quarter. GW&K Investment Management LLC now owns 1,429,542 shares of the technology company’s stock worth $38,198,000 after buying an additional 817,138 shares during the last quarter. Clifford Capital Partners LLC increased its holdings in shares of Thermon Group by 2,551.8% during the fourth quarter. Clifford Capital Partners LLC now owns 430,230 shares of the technology company’s stock worth $15,987,000 after buying an additional 414,006 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Thermon Group by 960.3% during the fourth quarter. Janus Henderson Group PLC now owns 250,813 shares of the technology company’s stock worth $9,320,000 after buying an additional 227,157 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of Thermon Group by 445.3% in the fourth quarter. Invesco Ltd. now owns 273,068 shares of the technology company’s stock valued at $10,147,000 after acquiring an additional 222,990 shares during the last quarter. 99.76% of the stock is owned by institutional investors.

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.