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

Vishay Precision Group, Inc. (NYSE:VPG)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $54.61 and last traded at $52.7990, with a volume of 501287 shares traded. The stock had previously closed at $50.64.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Wall Street Zen cut shares of Vishay Precision Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 22nd. Weiss Ratings lowered shares of Vishay Precision Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, January 15th. B. Riley reissued a “buy” rating and issued a $63.00 price target (up previously from $45.00) on shares of Vishay Precision Group in a research note on Tuesday. Loop Capital set a $44.00 price target on Vishay Precision Group in a research report on Thursday, December 18th. Finally, Lake Street Capital started coverage on Vishay Precision Group in a report on Thursday, December 18th. They issued a “buy” rating and a $44.00 price objective for the company. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $50.33.

Vishay Precision Group Stock Performance

The firm has a market cap of $701.17 million, a P/E ratio of 88.00, a PEG ratio of 2.42 and a beta of 0.85. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.71 and a current ratio of 4.10. The stock’s 50-day moving average is $40.69 and its 200 day moving average is $34.56.

Vishay Precision Group (NYSE:VPG) last posted its earnings results on Tuesday, November 4th. The scientific and technical instruments company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.05. Vishay Precision Group had a return on equity of 2.02% and a net margin of 2.65%.The firm had revenue of $79.73 million for the quarter, compared to analyst estimates of $76.63 million. On average, research analysts predict that Vishay Precision Group, Inc. will post 0.9 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of VPG. Russell Investments Group Ltd. boosted its holdings in shares of Vishay Precision Group by 826.7% in the third quarter. Russell Investments Group Ltd. now owns 1,112 shares of the scientific and technical instruments company’s stock valued at $36,000 after buying an additional 992 shares during the period. Farther Finance Advisors LLC lifted its position in Vishay Precision Group by 1,180.0% in the 4th quarter. Farther Finance Advisors LLC now owns 1,024 shares of the scientific and technical instruments company’s stock valued at $39,000 after acquiring an additional 944 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in Vishay Precision Group in the 4th quarter worth $75,000. BNP Paribas Financial Markets increased its holdings in Vishay Precision Group by 85.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,332 shares of the scientific and technical instruments company’s stock worth $75,000 after purchasing an additional 1,076 shares in the last quarter. Finally, State of Wyoming bought a new position in Vishay Precision Group during the 2nd quarter worth about $80,000. Institutional investors own 87.61% of the company’s stock.

Vishay Precision Group Company Profile

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.