Thermon Group (NYSE:THR) Cut to Hold at Craig Hallum

Craig Hallum lowered shares of Thermon Group (NYSE:THR) from a strong-buy rating to a hold rating in a research report report published on Monday,Zacks.com reports.

THR has been the topic of a number of other research reports. William Blair cut shares of Thermon Group from an “outperform” rating to a “hold” rating in a report on Wednesday, February 25th. Wall Street Zen lowered Thermon Group from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Roth Mkm downgraded Thermon Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 25th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Thermon Group in a report on Monday, December 29th. Finally, Zacks Research upgraded Thermon Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.00.

Thermon Group Stock Up 2.9%

Shares of NYSE THR opened at $47.88 on Monday. The company has a quick ratio of 1.84, a current ratio of 2.90 and a debt-to-equity ratio of 0.25. The firm has a market cap of $1.57 billion, a PE ratio of 27.20 and a beta of 0.71. The company’s fifty day simple moving average is $44.86 and its 200 day simple moving average is $35.43. Thermon Group has a 12-month low of $23.05 and a 12-month high of $58.56.

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

Institutional Investors Weigh In On Thermon Group

Large investors have recently modified their holdings of the business. Royal Bank of Canada raised its position in shares of Thermon Group by 0.4% in the 1st quarter. Royal Bank of Canada now owns 258,852 shares of the technology company’s stock valued at $7,209,000 after purchasing an additional 1,082 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Thermon Group by 66.9% in the first quarter. AQR Capital Management LLC now owns 40,365 shares of the technology company’s stock valued at $1,124,000 after purchasing an additional 16,177 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Thermon Group by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,822 shares of the technology company’s stock worth $552,000 after purchasing an additional 845 shares during the period. Jane Street Group LLC boosted its position in Thermon Group by 24.9% in the first quarter. Jane Street Group LLC now owns 39,130 shares of the technology company’s stock valued at $1,090,000 after buying an additional 7,798 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Thermon Group in the 2nd quarter worth approximately $218,000. 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.