Thermon Group (NYSE:THR) Reaches New 52-Week High - Here's Why

Key Points

• Thermon Group hit a new 52-week high, trading as high as $63.56 (last $63.22) on volume of about 1.26M shares, with the stock up roughly 4.5% and a market cap near $2.08 billion.
• Analysts have mostly downgraded THR to Hold, leaving a consensus price target of $57.00, which is below the current share price.
• Thermon beat quarterly expectations (EPS $0.66 vs $0.59 est., revenue $147.3M vs $138.4M), set FY2026 guidance of $1.64–$1.78 EPS, and reports strong fundamentals including low debt and ~99.8% institutional ownership.

Thermon Group Holdings, Inc. (NYSE:THR - Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $63.56 and last traded at $63.2180, with a volume of 1260247 shares trading hands. The stock had previously closed at $60.52.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on THR shares. William Blair cut shares of Thermon Group from an "outperform" rating to a "hold" rating in a research note on Wednesday, February 25th. CJS Securities cut shares of Thermon Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, February 25th. Zacks Research cut shares of Thermon Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday, March 26th. Roth Mkm cut shares of Thermon Group from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 25th. Finally, Wall Street Zen cut shares of Thermon Group from a "strong-buy" rating to a "buy" rating in a research note on Sunday, March 1st. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $57.00.

Thermon Group Stock Up 4.5%

The company has a current ratio of 2.90, a quick ratio of 1.84 and a debt-to-equity ratio of 0.25. The firm has a market cap of $2.08 billion, a P/E ratio of 35.92 and a beta of 0.83. The company's 50 day simple moving average is $51.25 and its 200-day simple moving average is $42.77.

Thermon Group (NYSE:THR - Get Free Report) last released its quarterly earnings results on Thursday, February 5th. The technology company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.59 by $0.07. Thermon Group had a net margin of 11.26% and a return on equity of 13.82%. The firm had revenue of $147.31 million during the quarter, compared to analyst estimates of $138.35 million. During the same quarter in the prior year, the firm earned $0.56 EPS. The business's revenue for the quarter was up 9.6% compared to the same quarter last year. Thermon Group has set its FY 2026 guidance at 1.640-1.780 EPS. Research analysts forecast that Thermon Group Holdings, Inc. will post 2.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Thermon Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. 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 last quarter. 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 last quarter. 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 last quarter. 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 last quarter. 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 last quarter. Hedge funds and other institutional investors own 99.76% of the company's stock.

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.

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