Vishay Precision Group (NYSE:VPG) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of Vishay Precision Group (NYSE:VPG) from a buy rating to a hold rating in a research note issued to investors on Saturday.

Other analysts have also recently issued research reports about the stock. Lake Street Capital set a $54.00 price target on shares of Vishay Precision Group and gave the stock a “buy” rating in a research report on Thursday. Weiss Ratings downgraded shares of Vishay Precision Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, January 15th. Loop Capital set a $44.00 target price on shares of Vishay Precision Group in a report on Thursday, December 18th. Finally, B. Riley Financial restated 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, February 3rd. Two analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $53.67.

Vishay Precision Group Trading Down 5.4%

VPG opened at $44.16 on Friday. Vishay Precision Group has a 52 week low of $18.57 and a 52 week high of $56.25. The company has a quick ratio of 2.71, a current ratio of 4.10 and a debt-to-equity ratio of 0.06. The business has a fifty day simple moving average of $43.16 and a 200-day simple moving average of $35.80. The firm has a market cap of $586.43 million, a P/E ratio of 110.40, a P/E/G ratio of 2.29 and a beta of 0.85.

Vishay Precision Group (NYSE:VPG) last posted its earnings results on Wednesday, February 11th. The scientific and technical instruments company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.14). Vishay Precision Group had a return on equity of 2.17% and a net margin of 1.72%.The firm had revenue of $80.57 million for the quarter, compared to analyst estimates of $78.08 million. On average, equities analysts expect that Vishay Precision Group will post 0.9 earnings per share for the current year.

Institutional Investors Weigh In On Vishay Precision Group

A number of large investors have recently modified their holdings of VPG. Farther Finance Advisors LLC raised its holdings in shares of 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 purchasing an additional 944 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in 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 last quarter. Kestra Advisory Services LLC acquired a new stake in Vishay Precision Group in the fourth quarter valued at $51,000. Central Pacific Bank Trust Division purchased a new stake in Vishay Precision Group during the 4th quarter worth about $75,000. Finally, BNP Paribas Financial Markets boosted its position in shares of 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 acquiring an additional 1,076 shares in the last quarter. 87.61% of the stock is owned by hedge funds and other institutional investors.

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.