Thermon Group (NYSE:THR) Upgraded to Strong-Buy at Wall Street Zen

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

A number of other equities analysts have also weighed in on the company. Zacks Research raised Thermon Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 6th. Weiss Ratings restated a “buy (b-)” rating on shares of Thermon Group in a report on Monday, December 29th. Craig Hallum began coverage on shares of Thermon Group in a research note on Monday, February 2nd. They issued a “buy” rating and a $60.00 price objective on the stock. Finally, Roth Mkm lifted their price objective on shares of Thermon Group from $38.00 to $54.00 and gave the company a “buy” rating in a report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. According to data from MarketBeat.com, Thermon Group currently has an average rating of “Buy” and an average target price of $57.00.

Thermon Group Trading Up 0.6%

THR opened at $51.06 on Friday. The company has a fifty day moving average price of $42.99 and a two-hundred day moving average price of $34.06. Thermon Group has a 1-year low of $23.05 and a 1-year high of $53.52. The company has a market cap of $1.68 billion, a P/E ratio of 29.01 and a beta of 0.78. The company has a current ratio of 2.90, a quick ratio of 1.84 and a debt-to-equity ratio of 0.25.

Thermon Group (NYSE:THR) last issued 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 company had revenue of $147.31 million during the quarter, compared to the consensus estimate of $138.35 million. During the same period last year, the business posted $0.56 EPS. The firm’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. Analysts predict that Thermon Group will post 1.88 EPS for the current fiscal year.

Institutional Investors Weigh In On Thermon Group

Institutional investors have recently added to or reduced their stakes in the company. GW&K Investment Management LLC lifted its position in shares of Thermon Group by 13.8% during 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 buying an additional 197,715 shares in the last quarter. Westwood Holdings Group Inc. increased its stake in shares of Thermon Group by 15,981.5% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,317,236 shares of the technology company’s stock worth $36,991,000 after purchasing an additional 1,309,045 shares during the last quarter. Brown Advisory Inc. increased its position in Thermon Group by 13.7% in the second quarter. Brown Advisory Inc. now owns 1,107,088 shares of the technology company’s stock worth $31,087,000 after buying an additional 133,145 shares during the last quarter. Medina Value Partners LLC increased its holdings in Thermon Group by 5.7% in the 4th quarter. Medina Value Partners LLC now owns 1,043,526 shares of the technology company’s stock worth $38,777,000 after acquiring an additional 56,361 shares during the last quarter. Finally, Geode Capital Management LLC raised 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 valued at $22,218,000 after purchasing an additional 2,078 shares during the period. 99.76% of the stock is 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.