Thermon Group (NYSE:THR) Sets New 52-Week High – Still a Buy?

by · The Cerbat Gem

Thermon Group Holdings, Inc. (NYSE:THR – Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $36.79 and last traded at $36.32, with a volume of 30557 shares traded. The stock had previously closed at $36.00.

Analyst Ratings Changes

A number of research firms recently commented on THR. Weiss Ratings reiterated a “buy (b-)” rating on shares of Thermon Group in a research report on Monday. Wall Street Zen raised shares of Thermon Group from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 16th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Check Out Our Latest Analysis on THR

Thermon Group Price Performance

The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.74 and a current ratio of 2.82. The company has a market capitalization of $1.20 billion, a P/E ratio of 20.79 and a beta of 0.81. The firm’s fifty day moving average is $30.20 and its 200 day moving average is $28.18.

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

Institutional Trading of Thermon Group

Institutional investors and hedge funds have recently modified their holdings of the stock. CWM LLC grew its stake in Thermon Group by 68.9% in the first quarter. CWM LLC now owns 922 shares of the technology company’s stock worth $26,000 after purchasing an additional 376 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in Thermon Group in the second quarter worth approximately $31,000. Assetmark Inc. lifted its holdings in 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 buying an additional 620 shares during the period. Danske Bank A S bought a new stake in Thermon Group during the 3rd quarter valued at $45,000. Finally, State of Alaska Department of Revenue bought a new position in shares of Thermon Group in the 3rd quarter worth $48,000. Institutional investors own 99.76% of the company’s stock.

Thermon Group Company Profile

(Get Free Report)

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.

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