Thermon Group Holdings, Inc. (NYSE:THR) Receives $57.00 Consensus Target Price from Analysts

Thermon Group Holdings, Inc. (NYSE:THR) has been assigned an average rating of “Moderate Buy” from the six analysts that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $57.00.

A number of equities analysts have issued reports on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Thermon Group in a report on Monday, December 29th. Craig Hallum downgraded shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 2nd. CJS Securities lowered shares of Thermon Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 25th. Roth Mkm cut shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 25th. Finally, Wall Street Zen downgraded Thermon Group from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 1st.

Institutional Trading of Thermon Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in THR. Canada Pension Plan Investment Board bought a new position in Thermon Group during the second quarter worth $31,000. Assetmark Inc. grew its stake in shares of Thermon Group by 68.1% in the 3rd quarter. Assetmark Inc. now owns 1,530 shares of the technology company’s stock valued at $41,000 after buying an additional 620 shares during the period. Danske Bank A S bought a new stake in Thermon Group in the 3rd quarter valued at about $45,000. State of Alaska Department of Revenue acquired a new position in Thermon Group during the 3rd quarter worth approximately $48,000. Finally, Federated Hermes Inc. raised its stake in Thermon Group by 18.5% during the 3rd quarter. Federated Hermes Inc. now owns 2,615 shares of the technology company’s stock worth $70,000 after buying an additional 409 shares during the period. Institutional investors and hedge funds own 99.76% of the company’s stock.

Thermon Group Stock Performance

NYSE THR opened at $51.71 on Friday. The firm’s fifty day moving average price is $47.42 and its two-hundred day moving average price is $37.62. The stock has a market cap of $1.70 billion, a PE ratio of 29.38 and a beta of 0.71. 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 has a fifty-two week low of $23.05 and a fifty-two week high of $58.56.

Thermon Group (NYSE:THR) last announced its quarterly earnings results on Thursday, February 5th. The technology company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $138.35 million. During the same period in the prior year, the company earned $0.56 EPS. Thermon Group’s 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. On average, equities analysts expect that Thermon Group will post 1.88 EPS for the current fiscal year.

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.