Thermon Group Holdings, Inc. (NYSE:THR) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Thermon Group Holdings, Inc. (NYSE:THR) have received a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $57.00.

Several research analysts have recently commented on the stock. Zacks Research raised shares of Thermon Group from a “hold” rating to a “strong-buy” rating in a report on Friday, February 6th. Roth Mkm cut shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 25th. Craig Hallum downgraded Thermon Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 2nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Thermon Group in a report on Monday, December 29th. Finally, Wall Street Zen cut Thermon Group from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 1st.

Thermon Group Stock Performance

Shares of THR opened at $46.95 on Friday. The stock has a market capitalization of $1.54 billion, a PE ratio of 26.68 and a beta of 0.71. The business’s fifty day moving average price is $47.04 and its 200 day moving average price is $37.19. 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 12-month low of $23.05 and a 12-month high of $58.56.

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

Institutional Investors Weigh In On Thermon Group

Large investors have recently added to or reduced their stakes in the stock. Westwood Holdings Group Inc. lifted its stake in Thermon Group by 15,981.5% in the second quarter. Westwood Holdings Group Inc. now owns 1,317,236 shares of the technology company’s stock valued at $36,991,000 after buying an additional 1,309,045 shares during the last quarter. GW&K Investment Management LLC grew its position in shares of 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 acquiring an additional 817,138 shares during the last quarter. Clifford Capital Partners LLC grew its position 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 acquiring an additional 414,006 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Thermon Group by 960.3% in the 4th quarter. Janus Henderson Group PLC now owns 250,813 shares of the technology company’s stock worth $9,320,000 after acquiring an additional 227,157 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of Thermon Group by 445.3% in the 4th quarter. Invesco Ltd. now owns 273,068 shares of the technology company’s stock worth $10,147,000 after acquiring an additional 222,990 shares during the period. 99.76% of the stock is owned by institutional investors and hedge funds.

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.