Thermon Group (NYSE:THR) Reaches New 52-Week High – Should You Buy?
by Amy Steele · The Cerbat GemThermon Group Holdings, Inc. (NYSE:THR – Get Free Report) hit a new 52-week high on Monday . The company traded as high as $51.56 and last traded at $50.8630, with a volume of 163065 shares trading hands. The stock had previously closed at $50.42.
Analysts Set New Price Targets
A number of brokerages recently commented on THR. Craig Hallum initiated coverage on Thermon Group in a report on Monday, February 2nd. They set a “buy” rating and a $60.00 target price for the company. Weiss Ratings restated a “buy (b-)” rating on shares of Thermon Group in a report on Monday, December 29th. 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, February 3rd. Finally, Wall Street Zen lowered Thermon Group from a “strong-buy” rating to a “buy” rating in a report on Saturday. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $57.00.
Check Out Our Latest Report on Thermon Group
Thermon Group Price Performance
The company has a market capitalization of $1.66 billion, a PE ratio of 28.76 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 company’s 50 day simple moving average is $40.40 and its 200 day simple moving average is $32.48.
Thermon Group (NYSE:THR – Get Free Report) last announced its quarterly earnings results on Thursday, February 5th. The technology company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.59 by $0.07. The firm had revenue of $147.31 million for the quarter, compared to analyst estimates of $138.35 million. Thermon Group had a net margin of 11.26% and a return on equity of 13.82%. Thermon Group’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the business earned $0.56 EPS. Thermon Group has set its FY 2026 guidance at 1.640-1.780 EPS. As a group, sell-side analysts predict that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current year.
Hedge Funds Weigh In On Thermon Group
A number of hedge funds have recently modified their holdings of THR. Westwood Holdings Group Inc. raised its position in Thermon Group by 15,981.5% in the 2nd quarter. Westwood Holdings Group Inc. now owns 1,317,236 shares of the technology company’s stock valued at $36,991,000 after purchasing an additional 1,309,045 shares during the last quarter. GW&K Investment Management LLC grew its holdings in shares of Thermon Group by 133.4% during the third quarter. GW&K Investment Management LLC now owns 1,429,542 shares of the technology company’s stock worth $38,198,000 after buying an additional 817,138 shares during the last quarter. UBS Group AG increased its position in Thermon Group by 287.4% in the 3rd quarter. UBS Group AG now owns 288,370 shares of the technology company’s stock valued at $7,705,000 after acquiring an additional 213,935 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Thermon Group by 298.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 283,889 shares of the technology company’s stock valued at $7,972,000 after acquiring an additional 212,578 shares during the last quarter. Finally, RBF Capital LLC acquired a new stake in Thermon Group during the 2nd quarter worth approximately $4,905,000. 99.76% of the stock is currently owned by hedge funds and other institutional investors.
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.