Thermon Group (NYSE:THR) Hits New 52-Week High – Should You Buy?

by · The Cerbat Gem

Thermon Group Holdings, Inc. (NYSE:THR – Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as $41.92 and last traded at $41.54, with a volume of 58013 shares trading hands. The stock had previously closed at $40.51.

Analysts Set New Price Targets

THR has been the topic of several recent research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Thermon Group in a report on Monday, December 29th. Wall Street Zen upgraded Thermon Group from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 16th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Get Our Latest Stock Report on Thermon Group

Thermon Group Price Performance

The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 23.41 and a beta of 0.79. The company has a fifty day simple moving average of $36.57 and a two-hundred day simple moving average of $30.37. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.74 and a current ratio of 2.82.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. GW&K Investment Management LLC lifted its holdings in shares of Thermon Group by 133.4% during the 3rd quarter. GW&K Investment Management LLC now owns 1,429,542 shares of the technology company’s stock worth $38,198,000 after acquiring an additional 817,138 shares during the period. Westwood Holdings Group Inc. raised its stake in 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 worth $36,991,000 after purchasing an additional 1,309,045 shares during the period. Brown Advisory Inc. raised its stake in Thermon Group by 13.7% during the second quarter. Brown Advisory Inc. now owns 1,107,088 shares of the technology company’s stock worth $31,087,000 after purchasing an additional 133,145 shares during the period. Medina Value Partners LLC boosted its holdings in shares of Thermon Group by 3.5% in the 3rd quarter. Medina Value Partners LLC now owns 987,165 shares of the technology company’s stock valued at $26,377,000 after purchasing an additional 33,248 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Thermon Group by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 791,132 shares of the technology company’s stock valued at $22,218,000 after buying an additional 2,078 shares during the period. Institutional investors and hedge funds own 99.76% of the company’s stock.

About Thermon Group

(Get Free Report)

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.

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