Vishay Precision Group (NYSE:VPG) Hits New 1-Year High – Here’s What Happened

Vishay Precision Group, Inc. (NYSE:VPG)’s share price hit a new 52-week high on Tuesday . The company traded as high as $42.30 and last traded at $41.8650, with a volume of 14240 shares. The stock had previously closed at $41.55.

Analyst Upgrades and Downgrades

VPG has been the subject of a number of recent research reports. Wall Street Zen downgraded Vishay Precision Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 22nd. Lake Street Capital initiated coverage on shares of Vishay Precision Group in a report on Thursday, December 18th. They set a “buy” rating and a $44.00 price target for the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Vishay Precision Group in a report on Monday, December 29th. Loop Capital set a $44.00 target price on shares of Vishay Precision Group in a research note on Thursday, December 18th. Finally, Zacks Research cut shares of Vishay Precision Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $38.83.

Vishay Precision Group Price Performance

The business’s 50-day simple moving average is $36.46 and its 200 day simple moving average is $32.59. The company has a market capitalization of $555.30 million, a P/E ratio of 69.69, a P/E/G ratio of 1.99 and a beta of 0.83. The company has a current ratio of 4.10, a quick ratio of 2.71 and a debt-to-equity ratio of 0.06.

Vishay Precision Group (NYSE:VPG) last posted its quarterly earnings data on Tuesday, November 4th. The scientific and technical instruments company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. Vishay Precision Group had a net margin of 2.65% and a return on equity of 2.02%. The business had revenue of $79.73 million for the quarter, compared to analyst estimates of $76.63 million. As a group, sell-side analysts anticipate that Vishay Precision Group, Inc. will post 0.9 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VPG. Acuitas Investments LLC grew its holdings in Vishay Precision Group by 1,319.6% during the third quarter. Acuitas Investments LLC now owns 1,012,976 shares of the scientific and technical instruments company’s stock worth $32,466,000 after acquiring an additional 941,622 shares during the period. CSM Advisors LLC acquired a new position in shares of Vishay Precision Group in the 2nd quarter worth approximately $5,565,000. Segall Bryant & Hamill LLC bought a new stake in shares of Vishay Precision Group in the 2nd quarter worth approximately $4,689,000. AIGH Capital Management LLC lifted its stake in Vishay Precision Group by 60.7% during the second quarter. AIGH Capital Management LLC now owns 423,484 shares of the scientific and technical instruments company’s stock valued at $11,900,000 after purchasing an additional 159,919 shares during the last quarter. Finally, Bastion Asset Management Inc. bought a new stake in Vishay Precision Group during the third quarter worth approximately $4,904,000. 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.