Vishay Precision Group (NYSE:VPG) Reaches New 12-Month High – Here’s Why

Vishay Precision Group, Inc. (NYSE:VPG) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $63.90 and last traded at $63.1760, with a volume of 56806 shares. The stock had previously closed at $60.03.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Zacks Research raised Vishay Precision Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Wall Street Zen downgraded Vishay Precision Group from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Lake Street Capital set a $54.00 target price on shares of Vishay Precision Group and gave the company a “buy” rating in a research note on Thursday, February 12th. B. Riley Financial reaffirmed a “buy” rating and set a $63.00 price target (up from $45.00) on shares of Vishay Precision Group in a report on Tuesday, February 3rd. Finally, Weiss Ratings cut shares of Vishay Precision Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 6th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Vishay Precision Group currently has an average rating of “Hold” and a consensus target price of $53.67.

Vishay Precision Group Stock Performance

The business has a fifty day simple moving average of $47.68 and a two-hundred day simple moving average of $42.57. The company has a market cap of $850.07 million, a P/E ratio of 160.46, a P/E/G ratio of 3.96 and a beta of 1.13. The company has a quick ratio of 2.97, a current ratio of 4.47 and a debt-to-equity ratio of 0.06.

Vishay Precision Group (NYSE:VPG) last released its quarterly earnings results on Wednesday, February 11th. The scientific and technical instruments company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.14). The business had revenue of $80.57 million for the quarter, compared to analysts’ expectations of $78.08 million. Vishay Precision Group had a net margin of 1.72% and a return on equity of 2.16%. On average, sell-side analysts anticipate that Vishay Precision Group, Inc. will post 0.76 EPS for the current year.

Institutional Investors Weigh In On Vishay Precision Group

Hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. raised its holdings in Vishay Precision Group by 826.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,112 shares of the scientific and technical instruments company’s stock worth $36,000 after purchasing an additional 992 shares during the period. Farther Finance Advisors LLC grew its holdings in Vishay Precision Group by 1,180.0% during the fourth quarter. Farther Finance Advisors LLC now owns 1,024 shares of the scientific and technical instruments company’s stock valued at $39,000 after purchasing an additional 944 shares during the period. Strs Ohio purchased a new stake in Vishay Precision Group in the first quarter worth about $39,000. Kestra Advisory Services LLC bought a new position in shares of Vishay Precision Group in the fourth quarter worth about $51,000. Finally, Central Pacific Bank Trust Division purchased a new position in shares of Vishay Precision Group during the 4th quarter valued at about $75,000. Institutional investors own 87.61% of the company’s stock.

About Vishay Precision Group

Vishay Precision Group (NYSE: VPG) specializes in the design, manufacture and calibration of precision sensors, instrumentation and measurement systems used in a broad range of applications. Its product portfolio includes load cells, tension links, weighing modules, torque transducers, digital indicators and data acquisition systems. These solutions serve critical requirements for accuracy, reliability and repeatability in sectors such as industrial automation, test and measurement, medical devices, food and beverage processing, aerospace and defense.

The company traces its roots to the sensor and measurement division of Vishay Intertechnology, Inc, from which it was spun off as an independent public company in March 2016.