Vishay Precision Group (NYSE:VPG) Reaches New 12-Month High – What’s Next?

Vishay Precision Group, Inc. (NYSE:VPG)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $121.37 and last traded at $120.80, with a volume of 287968 shares. The stock had previously closed at $113.76.

Analyst Ratings Changes

VPG has been the subject of several recent analyst reports. Zacks Research raised Vishay Precision Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Wall Street Zen raised Vishay Precision Group from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Weiss Ratings raised Vishay Precision Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. B. Riley Financial increased their price objective on Vishay Precision Group from $63.00 to $109.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Finally, Lake Street Capital increased their price objective on Vishay Precision Group from $54.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $83.67.

Vishay Precision Group Trading Down 0.9%

The company has a market cap of $1.66 billion, a price-to-earnings ratio of 277.37, a P/E/G ratio of 6.33 and a beta of 1.13. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.97 and a current ratio of 4.47. The firm has a fifty day moving average price of $64.12 and a 200 day moving average price of $49.42.

Vishay Precision Group (NYSE:VPG) last posted its quarterly earnings results on Tuesday, May 12th. The scientific and technical instruments company reported $0.07 earnings per share for the quarter. Vishay Precision Group had a return on equity of 2.28% and a net margin of 1.85%.The business had revenue of $84.35 million for the quarter, compared to analysts’ expectations of $77.08 million. As a group, equities analysts predict that Vishay Precision Group, Inc. will post 0.97 EPS for the current fiscal year.

Institutional Investors Weigh In On Vishay Precision Group

A number of large investors have recently added to or reduced their stakes in VPG. Acuitas Investments LLC raised its stake in Vishay Precision Group by 1,319.6% in the 3rd quarter. Acuitas Investments LLC now owns 1,012,976 shares of the scientific and technical instruments company’s stock valued at $32,466,000 after acquiring an additional 941,622 shares during the period. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Vishay Precision Group in the 4th quarter valued at $9,822,000. T. Rowe Price Investment Management Inc. bought a new stake in Vishay Precision Group in the 4th quarter valued at $9,732,000. Handelsbanken Fonder AB raised its stake in Vishay Precision Group by 120.7% in the 4th quarter. Handelsbanken Fonder AB now owns 311,377 shares of the scientific and technical instruments company’s stock valued at $11,988,000 after acquiring an additional 170,307 shares during the period. Finally, Roubaix Capital LLC bought a new stake in Vishay Precision Group in the 1st quarter valued at $6,989,000. 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.