Thermon Group (NYSE:THR) Cut to “Buy” at Wall Street Zen

Wall Street Zen lowered shares of Thermon Group (NYSE:THR) from a strong-buy rating to a buy rating in a report published on Saturday.

THR has been the subject of a number of other research reports. Weiss Ratings restated a “buy (b-)” rating on shares of Thermon Group in a research note on Monday, December 29th. Roth Mkm increased their price target on shares of Thermon Group from $38.00 to $54.00 and gave the company a “buy” rating in a research report on Tuesday, February 3rd. Finally, Craig Hallum assumed coverage on shares of Thermon Group in a report on Monday, February 2nd. They set a “buy” rating and a $60.00 price objective for the company. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $57.00.

Thermon Group Trading Up 0.4%

NYSE:THR opened at $50.61 on Friday. Thermon Group has a 52 week low of $23.05 and a 52 week high of $52.06. The firm has a 50-day moving average price of $40.71 and a two-hundred day moving average price of $32.64. 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 firm has a market cap of $1.66 billion, a price-to-earnings ratio of 28.76 and a beta of 0.78.

Thermon Group (NYSE:THR) last announced 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 firm had revenue of $147.31 million for 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 was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.56 EPS. Thermon Group has set its FY 2026 guidance at 1.640-1.780 EPS. On average, equities analysts expect that Thermon Group will post 1.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Thermon Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in THR. Canada Pension Plan Investment Board bought a new stake in shares of Thermon Group in the second quarter valued at approximately $31,000. Assetmark Inc. raised its holdings in Thermon Group by 68.1% during the 3rd quarter. Assetmark Inc. now owns 1,530 shares of the technology company’s stock valued at $41,000 after acquiring an additional 620 shares during the period. Danske Bank A S bought a new stake in Thermon Group during the 3rd quarter valued at $45,000. State of Alaska Department of Revenue purchased a new stake in shares of Thermon Group during the third quarter worth $48,000. Finally, Federated Hermes Inc. boosted its holdings in shares of Thermon Group by 18.5% in the third quarter. Federated Hermes Inc. now owns 2,615 shares of the technology company’s stock worth $70,000 after acquiring an additional 409 shares during the period. 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.