Thermon Group (NYSE:THR) Sees Strong Trading Volume – Here’s What Happened

Thermon Group Holdings, Inc. (NYSE:THR) shares saw an uptick in trading volume on Wednesday . 1,468,061 shares changed hands during mid-day trading, an increase of 215% from the previous session’s volume of 466,488 shares.The stock last traded at $54.0240 and had previously closed at $50.48.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on THR. Roth Mkm boosted their target price on shares of Thermon Group from $38.00 to $54.00 and gave the stock a “buy” rating in a report on Tuesday, February 3rd. Craig Hallum began coverage on Thermon Group in a research note on Monday, February 2nd. They set a “buy” rating and a $60.00 target price for the company. CJS Securities lowered shares of Thermon Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday. Wall Street Zen upgraded Thermon Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, Zacks Research upgraded Thermon Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $57.00.

Thermon Group Stock Up 6.7%

The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 30.59 and a beta of 0.78. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.90 and a quick ratio of 1.84. The stock has a fifty day moving average of $43.42 and a two-hundred day moving average of $34.46.

Thermon Group (NYSE:THR) last issued its quarterly earnings results on Thursday, February 5th. The technology company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.07. The company had revenue of $147.31 million during the quarter, compared to analysts’ expectations of $138.35 million. Thermon Group had a return on equity of 13.82% and a net margin of 11.26%.The business’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.56 earnings per share. 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 earnings per share for the current year.

Institutional Investors Weigh In On Thermon Group

Several large investors have recently modified their holdings of the company. Canada Pension Plan Investment Board bought a new stake in Thermon Group during the second quarter valued at $31,000. Assetmark Inc. lifted 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 purchasing an additional 620 shares during the period. Danske Bank A S acquired a new position in shares of Thermon Group in the 3rd quarter valued at about $45,000. State of Alaska Department of Revenue acquired a new stake in Thermon Group during the third quarter worth approximately $48,000. Finally, Nkcfo LLC acquired a new stake in Thermon Group during the fourth quarter worth approximately $85,000. 99.76% of the stock is currently 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.