Thermon Group (NYSE:THR) Hits New 1-Year High – What’s Next?

Thermon Group Holdings, Inc. (NYSE:THR) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $58.56 and last traded at $54.0050, with a volume of 505996 shares changing hands. The stock had previously closed at $49.77.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Craig Hallum began coverage on Thermon Group in a research report on Monday, February 2nd. They set a “buy” rating and a $60.00 price target for the company. Zacks Research upgraded Thermon Group from a “hold” rating to a “strong-buy” rating in a report on Friday, February 6th. Weiss Ratings restated a “buy (b-)” rating on shares of Thermon Group in a research report on Monday, December 29th. CJS Securities cut Thermon Group from an “outperform” rating to a “market perform” rating in a report on Wednesday. Finally, Wall Street Zen raised Thermon Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 21st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Thermon Group has a consensus rating of “Moderate Buy” and an average price target of $57.00.

Thermon Group Stock Performance

The stock has a market capitalization of $1.72 billion, a PE ratio of 29.67 and a beta of 0.78. 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’s 50 day moving average is $43.75 and its two-hundred day moving average is $34.59.

Thermon Group (NYSE:THR) last posted its earnings results on Thursday, February 5th. The technology company reported $0.66 EPS 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 firm had revenue of $147.31 million for the quarter, compared to analyst estimates of $138.35 million. During the same quarter in the prior year, the company posted $0.56 earnings per share. Thermon Group’s revenue for the quarter was up 9.6% compared to the same quarter last year. Thermon Group has set its FY 2026 guidance at 1.640-1.780 EPS. As a group, research analysts predict that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current year.

Hedge Funds Weigh In On Thermon Group

A number of institutional investors have recently modified their holdings of the business. Westwood Holdings Group Inc. grew its holdings in shares of 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 worth $36,991,000 after buying an additional 1,309,045 shares during the last quarter. GW&K Investment Management LLC lifted its stake in Thermon Group by 133.4% in the 3rd quarter. GW&K Investment Management LLC now owns 1,429,542 shares of the technology company’s stock valued at $38,198,000 after buying an additional 817,138 shares in the last quarter. Clifford Capital Partners LLC increased its stake in Thermon Group by 2,551.8% in the fourth quarter. Clifford Capital Partners LLC now owns 430,230 shares of the technology company’s stock valued at $15,987,000 after purchasing an additional 414,006 shares during the last quarter. Janus Henderson Group PLC increased its stake in Thermon Group by 960.3% during the fourth quarter. Janus Henderson Group PLC now owns 250,813 shares of the technology company’s stock worth $9,320,000 after acquiring an additional 227,157 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of Thermon Group by 445.3% in the 4th quarter. Invesco Ltd. now owns 273,068 shares of the technology company’s stock valued at $10,147,000 after acquiring an additional 222,990 shares during the period. 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.