Thermon Group (NYSE:THR) Rating Lowered to Hold at Zacks Research

Thermon Group (NYSE:THR) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Thursday,Zacks.com reports.

Other equities research analysts have also issued reports about the company. Roth Mkm lowered Thermon Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 25th. William Blair downgraded Thermon Group from an “outperform” rating to a “hold” rating in a report on Wednesday, February 25th. Craig Hallum lowered shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 2nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Thermon Group in a research report on Monday, December 29th. Finally, CJS Securities lowered shares of Thermon Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 25th. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $57.00.

Thermon Group Stock Up 0.3%

THR stock opened at $51.19 on Thursday. The company has a 50 day moving average of $48.04 and a two-hundred day moving average of $37.99. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 29.09 and a beta of 0.71. Thermon Group has a 12-month low of $23.05 and a 12-month high of $58.56. 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 posted its quarterly 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 business had revenue of $147.31 million for the quarter, compared to the consensus estimate of $138.35 million. Thermon Group had a net margin of 11.26% and a return on equity of 13.82%. Thermon Group’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 business posted $0.56 earnings per share. Thermon Group has set its FY 2026 guidance at 1.640-1.780 EPS. On average, equities analysts anticipate 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 have recently modified their holdings of the company. Aristides Capital LLC acquired a new stake in shares of Thermon Group in the fourth quarter worth $204,000. Virtu Financial LLC acquired a new position in Thermon Group during the 4th quarter worth $549,000. Invesco Ltd. boosted its holdings in Thermon Group by 445.3% during the fourth 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. EP Wealth Advisors LLC acquired a new stake in shares of Thermon Group in the fourth quarter valued at about $251,000. Finally, Millennium Management LLC bought a new position in shares of Thermon Group in the fourth quarter worth about $737,000. Institutional investors own 99.76% of the company’s stock.

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.