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

Thermon Group (NYSE:THR) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Sunday.

A number of other equities research analysts have also recently issued reports on the company. Roth Mkm cut Thermon Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 25th. CJS Securities cut Thermon Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 25th. Zacks Research upgraded Thermon Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 6th. Craig Hallum initiated coverage on shares of Thermon Group in a research report on Monday, February 2nd. They issued a “buy” rating and a $60.00 price target for the company. Finally, William Blair downgraded Thermon Group from an “outperform” rating to a “hold” rating in a research report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $57.00.

Thermon Group Stock Performance

Shares of NYSE:THR opened at $49.09 on Friday. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 27.89 and a beta of 0.70. The firm’s 50 day simple moving average is $44.50 and its 200 day simple moving average is $35.20. 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 fifty-two week low of $23.05 and a fifty-two week high of $58.56.

Thermon Group (NYSE:THR) last announced its quarterly earnings results on Thursday, February 5th. The technology company reported $0.66 earnings per share (EPS) for the quarter, topping 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%.The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the prior year, the company 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 year.

Hedge Funds Weigh In On Thermon Group

A number of large investors have recently made changes to their positions in THR. GW&K Investment Management LLC boosted its stake in Thermon Group by 13.8% in the 4th quarter. GW&K Investment Management LLC now owns 1,627,257 shares of the technology company’s stock worth $60,469,000 after purchasing an additional 197,715 shares in the last quarter. Westwood Holdings Group Inc. increased its holdings in Thermon Group by 15,981.5% during 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. Brown Advisory Inc. lifted its position in Thermon Group by 13.7% during the second quarter. Brown Advisory Inc. now owns 1,107,088 shares of the technology company’s stock valued at $31,087,000 after purchasing an additional 133,145 shares in the last quarter. Medina Value Partners LLC grew its stake in shares of Thermon Group by 5.7% during the 4th quarter. Medina Value Partners LLC now owns 1,043,526 shares of the technology company’s stock valued at $38,777,000 after acquiring an additional 56,361 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Thermon Group by 0.3% in the second quarter. Geode Capital Management LLC now owns 791,132 shares of the technology company’s stock worth $22,218,000 after purchasing an additional 2,078 shares during the period. 99.76% of the stock is owned by institutional investors.

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.