Shares of Vishay Precision Group Inc (NYSE:VPG) have been given a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation. Vishay Precision Group’s rating score has improved by 50% in the last three months as a result of various analysts’ upgrades and downgrades.
Brokerages have set a 12 month consensus target price of $51.50 for the company and are forecasting that the company will post $0.54 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Vishay Precision Group an industry rank of 99 out of 257 based on the ratings given to its competitors.
A number of research firms have recently commented on VPG. ValuEngine lowered shares of Vishay Precision Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 8th. B. Riley reaffirmed a “buy” rating and issued a $53.00 target price (up from $40.00) on shares of Vishay Precision Group in a research note on Monday, August 6th. Finally, Sidoti raised shares of Vishay Precision Group from a “neutral” rating to a “buy” rating in a research note on Thursday, October 11th.
In related news, CFO William M. Clancy sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 30th. The shares were sold at an average price of $43.21, for a total value of $432,100.00. Following the sale, the chief financial officer now directly owns 19,575 shares of the company’s stock, valued at $845,835.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 6.49% of the company’s stock.
Several hedge funds have recently bought and sold shares of VPG. Acadian Asset Management LLC purchased a new position in shares of Vishay Precision Group during the second quarter worth approximately $5,366,000. Assenagon Asset Management S.A. raised its stake in shares of Vishay Precision Group by 194.1% during the third quarter. Assenagon Asset Management S.A. now owns 182,354 shares of the scientific and technical instruments company’s stock worth $6,820,000 after acquiring an additional 120,354 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Vishay Precision Group by 283.5% during the third quarter. American Century Companies Inc. now owns 104,725 shares of the scientific and technical instruments company’s stock worth $3,917,000 after acquiring an additional 77,418 shares in the last quarter. Intrinsic Edge Capital Management LLC bought a new position in shares of Vishay Precision Group in the second quarter worth approximately $2,672,000. Finally, Renaissance Technologies LLC grew its holdings in shares of Vishay Precision Group by 10.0% in the second quarter. Renaissance Technologies LLC now owns 736,200 shares of the scientific and technical instruments company’s stock worth $28,086,000 after purchasing an additional 67,100 shares during the last quarter. 77.66% of the stock is currently owned by hedge funds and other institutional investors.
Shares of VPG stock traded up $0.60 during trading hours on Friday, reaching $33.39. The stock had a trading volume of 10,431 shares, compared to its average volume of 72,798. The company has a current ratio of 4.09, a quick ratio of 2.83 and a debt-to-equity ratio of 0.11. Vishay Precision Group has a 12 month low of $23.65 and a 12 month high of $45.00. The firm has a market capitalization of $441.81 million, a P/E ratio of 29.29, a price-to-earnings-growth ratio of 0.80 and a beta of 0.97.
Vishay Precision Group (NYSE:VPG) last released its quarterly earnings data on Tuesday, November 6th. The scientific and technical instruments company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.08. Vishay Precision Group had a net margin of 8.45% and a return on equity of 12.63%. The company had revenue of $75.49 million during the quarter, compared to analyst estimates of $73.60 million. During the same period last year, the business earned $0.32 earnings per share. Vishay Precision Group’s revenue was up 20.2% compared to the same quarter last year. Sell-side analysts predict that Vishay Precision Group will post 2.05 EPS for the current year.
About Vishay Precision Group
Vishay Precision Group, Inc designs, manufactures, and markets sensors, sensor-based measurement systems, specialty resistors, and strain gages in Asia, the United States, Israel, Europe, the United Kingdom, and Canada. It operates through three segments: Foil Technology Products, Force Sensors, and Weighing and Control Systems.
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