Thermon Group (NYSE:THR) Earns “Market Perform” Rating from William Blair

Thermon Group (NYSE:THR)‘s stock had its “market perform” rating restated by William Blair in a note issued to investors on Wednesday,Benzinga reports.

A number of other analysts also recently weighed in on the company. Zacks Research upgraded Thermon Group from a “hold” rating to a “strong-buy” rating in a report on Friday, February 6th. Roth Mkm upped their price target on Thermon Group from $38.00 to $54.00 and gave the company a “buy” rating in a research report on Tuesday, February 3rd. Craig Hallum initiated coverage on Thermon Group in a research note on Monday, February 2nd. They issued a “buy” rating and a $60.00 price target for the company. Wall Street Zen raised Thermon Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Thermon Group in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Thermon Group presently has an average rating of “Buy” and an average target price of $57.00.

Thermon Group Trading Up 1.5%

NYSE THR opened at $50.49 on Wednesday. The company has a market cap of $1.66 billion, a price-to-earnings ratio of 28.69 and a beta of 0.78. Thermon Group has a twelve month low of $23.05 and a twelve month high of $58.56. The company has a quick ratio of 1.84, a current ratio of 2.90 and a debt-to-equity ratio of 0.25. The business’s fifty day moving average is $43.42 and its 200 day moving average is $34.46.

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 firm had revenue of $147.31 million for the quarter, compared to analyst estimates of $138.35 million. During the same period last year, the firm posted $0.56 earnings per share. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. Thermon Group has set its FY 2026 guidance at 1.640-1.780 EPS. As a group, sell-side analysts expect that Thermon Group will post 1.88 EPS for the current fiscal year.

Institutional Trading of Thermon Group

Large investors have recently made changes to their positions in the company. GW&K Investment Management LLC increased its position in Thermon Group by 13.8% in the 4th quarter. GW&K Investment Management LLC now owns 1,627,257 shares of the technology company’s stock valued at $60,469,000 after buying an additional 197,715 shares in the last quarter. Westwood Holdings Group Inc. increased its holdings in shares of Thermon Group by 15,981.5% during the second quarter. Westwood Holdings Group Inc. now owns 1,317,236 shares of the technology company’s stock valued at $36,991,000 after acquiring an additional 1,309,045 shares in the last quarter. Brown Advisory Inc. increased its holdings in shares of Thermon Group by 13.7% during the second quarter. Brown Advisory Inc. now owns 1,107,088 shares of the technology company’s stock valued at $31,087,000 after acquiring an additional 133,145 shares in the last quarter. Medina Value Partners LLC lifted its holdings in shares of Thermon Group by 5.7% in the 4th quarter. Medina Value Partners LLC now owns 1,043,526 shares of the technology company’s stock worth $38,777,000 after purchasing an additional 56,361 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Thermon Group by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 791,132 shares of the technology company’s stock worth $22,218,000 after purchasing an additional 2,078 shares in the last quarter. 99.76% of the stock is currently owned by institutional investors and hedge funds.

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.