Thermon Group (NYSE:THR) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Thermon Group (NYSE:THR) from a hold rating to a buy rating in a research note released on Saturday morning.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Thermon Group in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

Thermon Group Stock Performance

Shares of Thermon Group stock traded up $1.38 on Friday, reaching $34.18. The stock had a trading volume of 378,875 shares, compared to its average volume of 195,439. Thermon Group has a fifty-two week low of $23.05 and a fifty-two week high of $34.41. The business’s 50-day moving average price is $27.12 and its two-hundred day moving average price is $27.31. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.49 and a current ratio of 2.43. The stock has a market cap of $1.13 billion, a P/E ratio of 21.64 and a beta of 1.06.

Thermon Group (NYSE:THR) last released its earnings results on Thursday, November 6th. The technology company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.36 by $0.19. The firm had revenue of $131.72 million during the quarter, compared to analysts’ expectations of $119.43 million. Thermon Group had a net margin of 10.89% and a return on equity of 12.65%. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.38 EPS. Thermon Group has set its FY 2026 guidance at 2.000-2.15 EPS. On average, sell-side analysts forecast that Thermon Group will post 1.88 EPS for the current year.

Institutional Trading of Thermon Group

Several institutional investors and hedge funds have recently bought and sold shares of THR. Heartland Advisors Inc. boosted its holdings in shares of Thermon Group by 10.7% in the 3rd quarter. Heartland Advisors Inc. now owns 256,044 shares of the technology company’s stock valued at $6,841,000 after buying an additional 24,732 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Thermon Group by 57.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,995 shares of the technology company’s stock worth $160,000 after purchasing an additional 2,192 shares in the last quarter. Assetmark Inc. boosted its holdings in Thermon Group by 68.1% in the 3rd quarter. Assetmark Inc. now owns 1,530 shares of the technology company’s stock valued at $41,000 after purchasing an additional 620 shares during the period. Riverpoint Wealth Management Holdings LLC grew its position in shares of Thermon Group by 1.7% during the 3rd quarter. Riverpoint Wealth Management Holdings LLC now owns 50,360 shares of the technology company’s stock worth $1,346,000 after purchasing an additional 830 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Thermon Group by 26.4% during the 3rd quarter. Principal Financial Group Inc. now owns 24,478 shares of the technology company’s stock worth $654,000 after purchasing an additional 5,118 shares in the last quarter. Institutional investors own 99.76% of the company’s stock.

About Thermon Group

Thermon Group Holdings, Inc provides engineered industrial process heating solutions for process industries in the United States and Latin America, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It offers heat tracing products, such as electric heat tracing cables, steam heating solutions, controls, monitoring and software, instrumentation, project services, industrial heating and filtration solutions, temporary electrical power distribution and lighting, and other products and services.