Grand Central Investment Group Increases Stock Holdings in Vishay Precision Group, Inc. $VPG

Grand Central Investment Group raised its position in shares of Vishay Precision Group, Inc. (NYSE:VPG) by 9.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 52,196 shares of the scientific and technical instruments company’s stock after purchasing an additional 4,636 shares during the quarter. Vishay Precision Group accounts for approximately 1.7% of Grand Central Investment Group’s holdings, making the stock its 21st biggest position. Grand Central Investment Group owned about 0.39% of Vishay Precision Group worth $2,266,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in VPG. Handelsbanken Fonder AB raised its position in Vishay Precision Group by 1,456.2% in the third quarter. Handelsbanken Fonder AB now owns 141,070 shares of the scientific and technical instruments company’s stock worth $4,521,000 after acquiring an additional 132,005 shares during the period. First Eagle Investment Management LLC boosted its stake in shares of Vishay Precision Group by 10.5% during the 3rd quarter. First Eagle Investment Management LLC now owns 247,192 shares of the scientific and technical instruments company’s stock worth $7,923,000 after acquiring an additional 23,550 shares during the last quarter. Teton Advisors LLC bought a new stake in shares of Vishay Precision Group during the 3rd quarter valued at $963,000. Harvey Partners LLC grew its position in shares of Vishay Precision Group by 21.3% during the 3rd quarter. Harvey Partners LLC now owns 372,000 shares of the scientific and technical instruments company’s stock valued at $11,923,000 after acquiring an additional 65,315 shares during the period. Finally, Hunter Associates Investment Management LLC purchased a new stake in shares of Vishay Precision Group in the 4th quarter worth $2,459,000. Hedge funds and other institutional investors own 87.61% of the company’s stock.

Vishay Precision Group Stock Up 11.6%

Shares of VPG stock opened at $142.66 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.47 and a quick ratio of 2.97. Vishay Precision Group, Inc. has a one year low of $25.58 and a one year high of $148.39. The company’s fifty day moving average price is $104.13 and its 200-day moving average price is $65.40. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 317.02, a PEG ratio of 6.55 and a beta of 1.45.

Vishay Precision Group (NYSE:VPG) last issued its 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 net margin of 1.85% and a return on equity of 2.28%. The company had revenue of $84.35 million during the quarter, compared to the consensus estimate of $77.08 million. Sell-side analysts expect that Vishay Precision Group, Inc. will post 0.97 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on VPG shares. Weiss Ratings raised Vishay Precision Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, June 23rd. Wall Street Zen upgraded Vishay Precision Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Lake Street Capital raised their price objective on Vishay Precision Group from $54.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Zacks Research raised Vishay Precision Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. Finally, B. Riley Financial lifted their price objective on Vishay Precision Group from $63.00 to $109.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Vishay Precision Group presently has an average rating of “Buy” and a consensus price target of $83.67.

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.