Thermon Group (NYSE:THR) Sees Large Volume Increase – Should You Buy?

Shares of Thermon Group Holdings, Inc. (NYSE:THR) saw unusually-high trading volume on Wednesday . Approximately 1,468,061 shares changed hands during trading, an increase of 215% from the previous session’s volume of 466,488 shares.The stock last traded at $54.0240 and had previously closed at $50.48.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. CJS Securities lowered shares of Thermon Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Weiss Ratings reissued a “buy (b-)” rating on shares of Thermon Group in a research report on Monday, December 29th. Roth Mkm boosted their target price on Thermon Group from $38.00 to $54.00 and gave the company a “buy” rating in a research report on Tuesday, February 3rd. Wall Street Zen raised Thermon Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, Craig Hallum started coverage on Thermon Group in a report on Monday, February 2nd. They set a “buy” rating and a $60.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $57.00.

Thermon Group Stock Performance

The company has a 50-day moving average of $43.42 and a 200-day moving average of $34.46. The company has a market cap of $1.77 billion, a PE ratio of 30.59 and a beta of 0.78. The company has a quick ratio of 1.84, a current ratio of 2.90 and a debt-to-equity ratio of 0.25.

Thermon Group (NYSE:THR) last issued its quarterly earnings data 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. Thermon Group had a return on equity of 13.82% and a net margin of 11.26%.The business had revenue of $147.31 million for the quarter, compared to analysts’ expectations of $138.35 million. During the same period last year, the business earned $0.56 EPS. The business’s revenue was up 9.6% on a year-over-year basis. Thermon Group has set its FY 2026 guidance at 1.640-1.780 EPS. As a group, analysts anticipate that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current year.

Institutional Trading of Thermon Group

A number of hedge funds have recently bought and sold shares of THR. Canada Pension Plan Investment Board bought a new stake in Thermon Group in the second quarter worth about $31,000. Assetmark Inc. lifted its stake in shares of 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 buying an additional 620 shares in the last quarter. Danske Bank A S bought a new position in Thermon Group in the 3rd quarter worth about $45,000. State of Alaska Department of Revenue bought a new position in shares of Thermon Group in the third quarter valued at approximately $48,000. Finally, Federated Hermes Inc. grew its position in shares of Thermon Group by 18.5% during the 3rd quarter. Federated Hermes Inc. now owns 2,615 shares of the technology company’s stock valued at $70,000 after purchasing an additional 409 shares in the last quarter. 99.76% of the stock is currently owned by institutional investors.

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.