Thermon Group (NYSE:THR) Reaches New 12-Month High - Should You Buy?

Key Points

• Thermon Group hit a new 52-week high, trading as high as $61.24 and last at $60.53, roughly an 11.9% jump from the prior close.
• Multiple analysts have recently downgraded the stock, leaving a consensus rating of “Hold” and a consensus price target of $57, which is below the current share price.
• Thermon topped quarterly estimates with $0.66 EPS (vs. $0.59 est.) and $147.3M revenue (vs. $138.4M est.), and set FY2026 guidance of $1.640–$1.780 EPS.

Thermon Group Holdings, Inc. (NYSE:THR - Get Free Report)'s share price hit a new 52-week high on Wednesday . The company traded as high as $61.24 and last traded at $60.5260, with a volume of 1970590 shares. The stock had previously closed at $54.11.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Craig Hallum cut Thermon Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 2nd. Roth Mkm cut Thermon Group from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 25th. Wall Street Zen downgraded Thermon Group from a "strong-buy" rating to a "buy" rating in a research note on Sunday, March 1st. CJS Securities downgraded Thermon Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, February 25th. Finally, William Blair downgraded Thermon Group from an "outperform" rating to a "hold" rating in a research note on Wednesday, February 25th. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $57.00.

Thermon Group Stock Up 11.9%

The firm has a 50 day simple moving average of $50.87 and a two-hundred day simple moving average of $42.29. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.84 and a current ratio of 2.90. The stock has a market cap of $1.99 billion, a P/E ratio of 34.39 and a beta of 0.72.

Thermon Group (NYSE:THR - Get Free Report) last announced its 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 firm had revenue of $147.31 million for the quarter, compared to the consensus estimate of $138.35 million. Thermon Group had a return on equity of 13.82% and a net margin of 11.26%.The firm's revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.56 EPS. Thermon Group has set its FY 2026 guidance at 1.640-1.780 EPS. Equities research analysts predict that Thermon Group Holdings, Inc. will post 2.13 earnings per share for the current year.

Hedge Funds Weigh In On Thermon Group

Several hedge funds have recently modified their holdings of the company. GW&K Investment Management LLC increased its position in shares of Thermon Group by 13.8% during 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 purchasing an additional 197,715 shares during the period. Medina Value Partners LLC increased its position in shares of Thermon Group by 5.7% during the 4th quarter. Medina Value Partners LLC now owns 1,043,526 shares of the technology company's stock valued at $38,777,000 after purchasing an additional 56,361 shares during the period. Harvey Partners LLC increased its position in shares of Thermon Group by 20.6% during the 3rd quarter. Harvey Partners LLC now owns 771,500 shares of the technology company's stock valued at $20,614,000 after purchasing an additional 131,769 shares during the period. Hotchkis & Wiley Capital Management LLC increased its position in shares of Thermon Group by 5.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 492,782 shares of the technology company's stock valued at $13,167,000 after purchasing an additional 24,998 shares during the period. Finally, Kennedy Capital Management LLC increased its position in shares of Thermon Group by 38.2% during the 3rd quarter. Kennedy Capital Management LLC now owns 440,165 shares of the technology company's stock valued at $11,761,000 after purchasing an additional 121,634 shares during the period. 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.

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