Thermon Group (NYSE:THR) Sets New 12-Month High – Still a Buy?

Thermon Group Holdings, Inc. (NYSE:THR) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $41.93 and last traded at $41.7550, with a volume of 21127 shares traded. The stock had previously closed at $41.02.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on THR shares. Wall Street Zen upgraded Thermon Group from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 16th. Weiss Ratings reissued a “buy (b-)” rating on shares of Thermon Group in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy”.

Thermon Group Trading Up 1.4%

The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 23.76 and a beta of 0.79. The company has a 50 day moving average of $37.57 and a 200 day moving average of $30.89. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.74 and a current ratio of 2.82.

Thermon Group (NYSE:THR) last posted its quarterly earnings results on Thursday, November 6th. The technology company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.19. Thermon Group had a net margin of 11.60% and a return on equity of 13.58%. The firm had revenue of $131.72 million for the quarter, compared to the consensus estimate of $119.43 million. During the same period last year, the firm posted $0.38 earnings per share. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. Thermon Group has set its FY 2026 guidance at 2.000-2.15 EPS. On average, research analysts predict that Thermon Group Holdings, Inc. will post 1.88 EPS for the current fiscal year.

Hedge Funds Weigh In On Thermon Group

A number of institutional investors and hedge funds have recently made changes to their positions in THR. Royal Bank of Canada grew its holdings in shares of Thermon Group by 0.4% during the first quarter. Royal Bank of Canada now owns 258,852 shares of the technology company’s stock worth $7,209,000 after buying an additional 1,082 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Thermon Group by 66.9% during the 1st quarter. AQR Capital Management LLC now owns 40,365 shares of the technology company’s stock worth $1,124,000 after buying an additional 16,177 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Thermon Group by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,822 shares of the technology company’s stock valued at $552,000 after buying an additional 845 shares during the period. Jane Street Group LLC boosted its stake in shares of Thermon Group by 24.9% in the first quarter. Jane Street Group LLC now owns 39,130 shares of the technology company’s stock valued at $1,090,000 after buying an additional 7,798 shares in the last quarter. Finally, Voya Investment Management LLC lifted its holdings in Thermon Group by 21.9% in the first quarter. Voya Investment Management LLC now owns 22,876 shares of the technology company’s stock valued at $637,000 after acquiring an additional 4,113 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.