Thermon Group’s (THR) “Hold (C)” Rating Reaffirmed at Weiss Ratings

Weiss Ratings reissued their hold (c) rating on shares of Thermon Group (NYSE:THR) in a research report report published on Thursday,Weiss Ratings reports.

Separately, Wall Street Zen downgraded shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

Thermon Group Price Performance

THR stock opened at $27.93 on Thursday. The firm has a market cap of $923.30 million, a price-to-earnings ratio of 17.68 and a beta of 1.09. The company has a quick ratio of 1.49, a current ratio of 2.43 and a debt-to-equity ratio of 0.23. Thermon Group has a 12-month low of $23.05 and a 12-month high of $33.25. The company’s fifty day simple moving average is $26.64 and its 200 day simple moving average is $27.06.

Thermon Group (NYSE:THR) last released its earnings results on Thursday, August 7th. The technology company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). The firm had revenue of $108.90 million during the quarter, compared to analyst estimates of $122.53 million. Thermon Group had a net margin of 10.89% and a return on equity of 12.65%. Thermon Group’s quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.38 EPS. Thermon Group has set its FY 2026 guidance at 1.770-1.990 EPS. On average, analysts expect that Thermon Group will post 1.88 earnings per share for the current year.

Institutional Trading of Thermon Group

Several institutional investors and hedge funds have recently bought and sold shares of THR. CWM LLC increased its holdings in shares of Thermon Group by 68.9% in the 1st quarter. CWM LLC now owns 922 shares of the technology company’s stock worth $26,000 after buying an additional 376 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Thermon Group in the 2nd quarter worth $31,000. State of Alaska Department of Revenue bought a new position in shares of Thermon Group in the 3rd quarter worth $48,000. State of Wyoming bought a new position in shares of Thermon Group in the 1st quarter worth $59,000. Finally, New York State Teachers Retirement System bought a new position in shares of Thermon Group in the 3rd quarter worth $80,000. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

About Thermon Group

Thermon Group Holdings, Inc provides engineered industrial process heating solutions for process industries in the United States and Latin America, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It offers heat tracing products, such as electric heat tracing cables, steam heating solutions, controls, monitoring and software, instrumentation, project services, industrial heating and filtration solutions, temporary electrical power distribution and lighting, and other products and services.