Vishay Precision Group (NYSE:VPG) Hits New 52-Week High – Still a Buy?

Vishay Precision Group, Inc. (NYSE:VPG)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $50.55 and last traded at $48.45, with a volume of 388939 shares. The stock had previously closed at $44.37.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Vishay Precision Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 22nd. Zacks Research lowered Vishay Precision Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Weiss Ratings downgraded Vishay Precision Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, January 15th. Loop Capital set a $44.00 target price on Vishay Precision Group in a research note on Thursday, December 18th. Finally, Lake Street Capital started coverage on Vishay Precision Group in a research report on Thursday, December 18th. They issued a “buy” rating and a $44.00 price target for the company. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $38.83.

Vishay Precision Group Stock Performance

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 stock has a market capitalization of $664.71 million, a P/E ratio of 83.83, a P/E/G ratio of 2.15 and a beta of 0.83. The business has a fifty day moving average price of $39.14 and a 200-day moving average price of $33.85.

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 (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $76.63 million. On average, sell-side analysts expect that Vishay Precision Group, Inc. will post 0.9 EPS for the current year.

Hedge Funds Weigh In On Vishay Precision Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Acuitas Investments LLC lifted its holdings in Vishay Precision Group by 1,319.6% in the third 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. Vanguard Group Inc. increased its position in shares of Vishay Precision Group by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 937,553 shares of the scientific and technical instruments company’s stock valued at $30,049,000 after purchasing an additional 24,235 shares during the last quarter. AIGH Capital Management LLC boosted its holdings in shares of Vishay Precision Group by 60.7% in the second quarter. AIGH Capital Management LLC now owns 423,484 shares of the scientific and technical instruments company’s stock worth $11,900,000 after buying an additional 159,919 shares during the last quarter. Harvey Partners LLC grew its position in Vishay Precision Group by 21.3% during the third quarter. Harvey Partners LLC now owns 372,000 shares of the scientific and technical instruments company’s stock valued at $11,923,000 after buying an additional 65,315 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in Vishay Precision Group by 2.7% during the second quarter. Ameriprise Financial Inc. now owns 342,135 shares of the scientific and technical instruments company’s stock valued at $9,614,000 after buying an additional 8,923 shares during the last quarter. 87.61% of the stock is currently 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.