Thermon Group (NYSE:THR) Downgraded to “Hold” Rating by Roth Mkm

Thermon Group (NYSE:THR) was downgraded by Roth Mkm from a “strong-buy” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

Several other equities research analysts also recently commented on THR. Weiss Ratings reiterated a “buy (b-)” rating on shares of Thermon Group in a report on Monday, December 29th. Zacks Research raised shares of Thermon Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 6th. Craig Hallum initiated coverage on shares of Thermon Group in a research note on Monday, February 2nd. They set a “buy” rating and a $60.00 price objective on the stock. Wall Street Zen raised shares of Thermon Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 21st. Finally, William Blair restated a “market perform” rating on shares of Thermon Group in a research note on Wednesday. One equities research 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 MarketBeat.com, Thermon Group has an average rating of “Moderate Buy” and an average price target of $57.00.

Thermon Group Stock Performance

NYSE:THR opened at $53.84 on Wednesday. The company has a current ratio of 2.90, a quick ratio of 1.84 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 30.59 and a beta of 0.78. The firm’s fifty day simple moving average is $43.75 and its 200 day simple moving average is $34.59. Thermon Group has a twelve month low of $23.05 and a twelve month high of $58.56.

Thermon Group (NYSE:THR) last announced its quarterly earnings results on Thursday, February 5th. The technology company reported $0.66 earnings per share (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 during the quarter, compared to the consensus estimate of $138.35 million. During the same period in the prior year, the firm earned $0.56 EPS. The firm’s quarterly revenue 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, equities research analysts expect that Thermon Group will post 1.88 earnings per share for the current fiscal year.

Institutional Trading of Thermon Group

A number of hedge funds and other institutional investors have recently made changes to their positions in THR. Royal Bank of Canada boosted its stake in Thermon Group by 0.4% during the 1st quarter. Royal Bank of Canada now owns 258,852 shares of the technology company’s stock valued at $7,209,000 after acquiring an additional 1,082 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Thermon Group by 66.9% in the 1st quarter. AQR Capital Management LLC now owns 40,365 shares of the technology company’s stock valued at $1,124,000 after purchasing an additional 16,177 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Thermon Group by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,822 shares of the technology company’s stock worth $552,000 after purchasing an additional 845 shares during the last quarter. Jane Street Group LLC lifted its position in shares of Thermon Group by 24.9% during the first quarter. Jane Street Group LLC now owns 39,130 shares of the technology company’s stock worth $1,090,000 after purchasing an additional 7,798 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Thermon Group in the second quarter worth about $218,000. 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.