Thermon Group (NYSE:THR) Receives "Hold (C+)" Rating from Weiss Ratings

Key Points

• Thermon Group received a "Hold (C+)" rating from Weiss Ratings and was downgraded by Wall Street Zen from a "strong-buy" to a "hold" rating.
• The company's most recent quarterly earnings showed $0.36 EPS, falling short of expectations and revealing a 5.4% revenue decline year-over-year.
• 99.76% of Thermon Group's stock is owned by institutional investors, highlighting strong institutional interest in the company.

Thermon Group (NYSE:THR - Get Free Report)'s stock had its "hold (c+)" rating reaffirmed by equities research analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen cut shares of Thermon Group from a "strong-buy" rating to a "hold" rating in a research note on Saturday, August 9th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of "Hold".

Thermon Group Price Performance

Shares of THR stock traded up $0.20 during mid-day trading on Wednesday, reaching $26.62. The company's stock had a trading volume of 99,805 shares, compared to its average volume of 195,693. Thermon Group has a 1-year low of $23.05 and a 1-year high of $33.25. The company has a market cap of $880.06 million, a P/E ratio of 16.85 and a beta of 1.09. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.49 and a current ratio of 2.43. The firm's 50-day moving average is $26.37 and its two-hundred day moving average is $27.03.

Thermon Group (NYSE:THR - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The technology company reported $0.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by ($0.01). Thermon Group had a net margin of 10.89% and a return on equity of 12.65%. The business had revenue of $108.90 million during the quarter, compared to analyst estimates of $122.53 million. During the same quarter in the prior year, the company posted $0.38 EPS. The company's quarterly revenue was down 5.4% compared to the same quarter last year. Thermon Group has set its FY 2026 guidance at 1.770-1.990 EPS. On average, research analysts predict that Thermon Group will post 1.88 earnings per share for the current year.

Institutional Investors Weigh In On Thermon Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CWM LLC increased its position in Thermon Group by 68.9% in the 1st quarter. CWM LLC now owns 922 shares of the technology company's stock valued at $26,000 after acquiring an additional 376 shares in the last quarter. Bank of New York Mellon Corp increased its position in Thermon Group by 0.6% in the 1st quarter. Bank of New York Mellon Corp now owns 109,898 shares of the technology company's stock valued at $3,061,000 after acquiring an additional 631 shares in the last quarter. Principal Financial Group Inc. increased its position in Thermon Group by 3.7% in the 1st quarter. Principal Financial Group Inc. now owns 17,990 shares of the technology company's stock valued at $501,000 after acquiring an additional 639 shares in the last quarter. Commerce Bank increased its position in Thermon Group by 8.1% in the 1st quarter. Commerce Bank now owns 10,105 shares of the technology company's stock valued at $281,000 after acquiring an additional 755 shares in the last quarter. Finally, Riverpoint Wealth Management Holdings LLC increased its position in Thermon Group by 1.7% in the 1st quarter. Riverpoint Wealth Management Holdings LLC now owns 48,687 shares of the technology company's stock valued at $1,356,000 after acquiring an additional 825 shares in the last quarter. Institutional investors and hedge funds own 99.76% of the company's stock.

Thermon Group Company Profile

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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