Thermon Group (NYSE:THR) Share Price Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• Thermon Group Holdings, Inc. (NYSE:THR) shares recently surpassed their 200-day moving average, with a current price of $27.53, after reaching a high of $27.84 during trading.
• Wall Street analysts have assigned a consensus rating of "Hold" for THR, with recent reports downgrading the stock from "strong-buy" to "hold."
• In its latest quarterly earnings, Thermon Group missed estimates slightly with $0.36 earnings per share, generating $108.90 million in revenue, down 5.4% year-over-year.

Shares of Thermon Group Holdings, Inc. (NYSE:THR - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $27.09 and traded as high as $27.84. Thermon Group shares last traded at $27.53, with a volume of 107,669 shares trading hands.

Wall Street Analysts Forecast Growth

THR has been the topic of a number of recent research reports. Wall Street Zen cut Thermon Group from a "strong-buy" rating to a "hold" rating in a research note on Saturday, August 9th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Thermon Group in a research note on Saturday, September 27th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Thermon Group has a consensus rating of "Hold".

Thermon Group Trading Up 1.0%

The business's 50 day moving average is $26.43 and its two-hundred day moving average is $27.09. The company has a quick ratio of 1.49, a current ratio of 2.43 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $910.01 million, a P/E ratio of 17.42 and a beta of 1.09.

Thermon Group (NYSE:THR - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The technology company reported $0.36 earnings per share 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 company had revenue of $108.90 million for the quarter, compared to the consensus estimate of $122.53 million. During the same quarter in the prior year, the firm earned $0.38 earnings per share. Thermon Group's revenue for the quarter 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. Analysts expect that Thermon Group Holdings, Inc. will post 1.88 EPS for the current year.

Institutional Investors Weigh In On Thermon Group

Several hedge funds and other institutional investors have recently bought and sold shares of the business. CWM LLC raised its position in Thermon Group by 68.9% in the first quarter. CWM LLC now owns 922 shares of the technology company's stock worth $26,000 after acquiring an additional 376 shares in the last quarter. Bank of New York Mellon Corp raised its position in Thermon Group by 0.6% in the first quarter. Bank of New York Mellon Corp now owns 109,898 shares of the technology company's stock worth $3,061,000 after acquiring an additional 631 shares in the last quarter. Principal Financial Group Inc. raised its position in Thermon Group by 3.7% in the first quarter. Principal Financial Group Inc. now owns 17,990 shares of the technology company's stock worth $501,000 after acquiring an additional 639 shares in the last quarter. Commerce Bank increased its stake in Thermon Group by 8.1% in the 1st quarter. Commerce Bank now owns 10,105 shares of the technology company's stock worth $281,000 after purchasing an additional 755 shares in the last quarter. Finally, Riverpoint Wealth Management Holdings LLC increased its stake 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 worth $1,356,000 after purchasing an additional 825 shares in the last quarter. 99.76% of the stock is currently owned by institutional investors.

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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