Thermon Group (NYSE:THR) Reaches New 52-Week High – Here’s Why

Thermon Group Holdings, Inc. (NYSE:THR)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $58.56 and last traded at $54.0050, with a volume of 505996 shares traded. The stock had previously closed at $49.77.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on THR. Weiss Ratings restated 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 report on Friday, February 6th. Wall Street Zen upgraded Thermon Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Craig Hallum assumed coverage on Thermon Group in a report on Monday, February 2nd. They issued a “buy” rating and a $60.00 price target on the stock. Finally, Roth Mkm raised their price objective on Thermon Group from $38.00 to $54.00 and gave the company a “buy” rating in a research 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 company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $57.00.

Thermon Group Trading Up 7.9%

The company has a market cap of $1.76 billion, a PE ratio of 30.40 and a beta of 0.78. The stock has a fifty day moving average of $43.19 and a 200-day moving average of $34.27. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.84 and a current ratio of 2.90.

Thermon Group (NYSE:THR) last released its quarterly earnings data 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 net margin of 11.26% and a return on equity of 13.82%. The company had revenue of $147.31 million during the quarter, compared to analysts’ expectations of $138.35 million. During the same period in the previous year, the company earned $0.56 EPS. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. Thermon Group has set its FY 2026 guidance at 1.640-1.780 EPS. Sell-side analysts anticipate that Thermon Group Holdings, Inc. will post 1.88 EPS for the current fiscal year.

Institutional Trading of Thermon Group

A number of hedge funds have recently bought and sold shares of THR. Royal Bank of Canada raised its stake in shares of Thermon Group by 0.4% during the 1st quarter. Royal Bank of Canada now owns 258,852 shares of the technology company’s stock worth $7,209,000 after acquiring an additional 1,082 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Thermon Group by 66.9% during the first quarter. AQR Capital Management LLC now owns 40,365 shares of the technology company’s stock worth $1,124,000 after purchasing an additional 16,177 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased 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 in the last quarter. Jane Street Group LLC lifted its holdings in shares of Thermon Group by 24.9% during the 1st quarter. Jane Street Group LLC now owns 39,130 shares of the technology company’s stock valued at $1,090,000 after purchasing an additional 7,798 shares during the last quarter. Finally, MQS Management LLC acquired a new stake in shares of Thermon Group in the 2nd quarter worth $325,000. Hedge funds and other 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.