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

Thermon Group Holdings, Inc. (NYSE:THR)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $45.72 and last traded at $45.9780, with a volume of 413060 shares changing hands. The stock had previously closed at $45.58.

Wall Street Analyst Weigh In

A number of research firms have recently commented on THR. Craig Hallum initiated coverage on shares of Thermon Group in a report on Monday. They issued a “buy” rating and a $60.00 price target on the stock. Roth Mkm upped their target price on shares of Thermon Group from $38.00 to $54.00 and gave the stock a “buy” rating in a research note on Tuesday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Thermon Group in a research note on Monday, December 29th. Finally, Wall Street Zen raised Thermon Group from a “buy” rating to a “strong-buy” rating in a research note on Sunday, November 16th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $57.00.

Thermon Group Stock Performance

The company has a debt-to-equity ratio of 0.26, a current ratio of 2.82 and a quick ratio of 1.74. The company has a market cap of $1.55 billion, a PE ratio of 26.92 and a beta of 0.78. The business has a fifty day simple moving average of $39.60 and a two-hundred day simple moving average of $32.04.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Intech Investment Management LLC boosted its stake in Thermon Group by 2.3% in the third quarter. Intech Investment Management LLC now owns 14,346 shares of the technology company’s stock valued at $383,000 after acquiring an additional 327 shares in the last quarter. Federated Hermes Inc. grew its stake in shares of Thermon Group by 18.5% during the third quarter. Federated Hermes Inc. now owns 2,615 shares of the technology company’s stock worth $70,000 after acquiring an additional 409 shares during the last quarter. Assetmark Inc. grew its stake in shares of Thermon Group by 68.1% during the third quarter. Assetmark Inc. now owns 1,530 shares of the technology company’s stock worth $41,000 after acquiring an additional 620 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Thermon Group by 2.2% during the third quarter. Legal & General Group Plc now owns 38,133 shares of the technology company’s stock valued at $1,019,000 after acquiring an additional 807 shares in the last quarter. Finally, Riverpoint Wealth Management Holdings LLC boosted its stake in Thermon Group by 1.7% in the 3rd quarter. Riverpoint Wealth Management Holdings LLC now owns 50,360 shares of the technology company’s stock worth $1,346,000 after purchasing an additional 830 shares in the last quarter. Institutional investors own 99.76% of the company’s stock.

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.