Thermon Group (NYSE:THR) Cut to “Hold” at William Blair

William Blair cut shares of Thermon Group (NYSE:THR) from an outperform rating to a hold rating in a research report sent to investors on Wednesday, Marketbeat.com reports.

THR has been the subject of several other reports. Wall Street Zen upgraded shares of Thermon Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 21st. Roth Mkm lifted their price objective on Thermon Group from $38.00 to $54.00 and gave the stock a “buy” rating in a report on Tuesday, February 3rd. Craig Hallum began coverage on shares of Thermon Group in a research note on Monday, February 2nd. They issued a “buy” rating and a $60.00 target price 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. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Thermon Group in a report on Monday, December 29th. One research 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.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $57.00.

Thermon Group Price Performance

Shares of NYSE:THR opened at $50.83 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.84 and a current ratio of 2.90. The stock has a market cap of $1.67 billion, a PE ratio of 28.88 and a beta of 0.78. Thermon Group has a one year low of $23.05 and a one year high of $58.56. The business’s fifty day moving average price is $44.28 and its two-hundred day moving average price is $34.90.

Thermon Group (NYSE:THR) last issued its quarterly 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 company had revenue of $147.31 million during 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%.Thermon Group’s revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.56 EPS. Thermon Group has set its FY 2026 guidance at 1.640-1.780 EPS. On average, analysts forecast that Thermon Group will post 1.88 EPS for the current fiscal year.

Institutional Trading of Thermon Group

A number of institutional investors have recently made changes to their positions in THR. Aristides Capital LLC bought a new position in shares of Thermon Group in the fourth quarter valued at approximately $204,000. Virtu Financial LLC acquired a new position in shares of Thermon Group during the 4th quarter valued at $549,000. Invesco Ltd. increased its position in shares of Thermon Group by 445.3% during the 4th quarter. Invesco Ltd. now owns 273,068 shares of the technology company’s stock valued at $10,147,000 after purchasing an additional 222,990 shares during the period. EP Wealth Advisors LLC bought a new stake in shares of Thermon Group in the 4th quarter worth $251,000. Finally, Millennium Management LLC acquired a new stake in shares of Thermon Group in the fourth quarter valued at $737,000. 99.76% of the stock is owned by institutional investors and hedge funds.

Thermon Group Company Profile

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.