Brooklyn FI LLC Invests $409,000 in Vishay Precision Group, Inc. (NYSE:VPG)

Brooklyn FI LLC acquired a new stake in Vishay Precision Group, Inc. (NYSE:VPG) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 17,472 shares of the scientific and technical instruments company’s stock, valued at approximately $409,000. Brooklyn FI LLC owned about 0.13% of Vishay Precision Group at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Lord Abbett & CO. LLC bought a new position in shares of Vishay Precision Group during the third quarter valued at $1,014,000. FMR LLC raised its position in Vishay Precision Group by 51.3% during the 3rd quarter. FMR LLC now owns 802,256 shares of the scientific and technical instruments company’s stock worth $20,778,000 after purchasing an additional 271,974 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Vishay Precision Group by 1,238.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 358,325 shares of the scientific and technical instruments company’s stock worth $9,281,000 after buying an additional 331,547 shares during the period. Barclays PLC grew its position in shares of Vishay Precision Group by 71.7% in the 3rd quarter. Barclays PLC now owns 34,422 shares of the scientific and technical instruments company’s stock valued at $890,000 after buying an additional 14,376 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Vishay Precision Group by 3.2% in the third quarter. State Street Corp now owns 313,083 shares of the scientific and technical instruments company’s stock valued at $8,109,000 after buying an additional 9,660 shares during the period. 87.61% of the stock is currently owned by institutional investors and hedge funds.

Vishay Precision Group Stock Performance

VPG stock opened at $22.56 on Thursday. The firm has a market cap of $299.10 million, a PE ratio of 30.49 and a beta of 1.08. The company has a current ratio of 4.41, a quick ratio of 2.80 and a debt-to-equity ratio of 0.09. The stock has a 50-day moving average price of $23.33 and a 200-day moving average price of $23.57. Vishay Precision Group, Inc. has a 1-year low of $20.83 and a 1-year high of $35.52.

Vishay Precision Group (NYSE:VPG) last issued its quarterly earnings results on Wednesday, February 12th. The scientific and technical instruments company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.10). Vishay Precision Group had a net margin of 3.23% and a return on equity of 3.87%. As a group, equities research analysts expect that Vishay Precision Group, Inc. will post 0.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

VPG has been the topic of a number of recent analyst reports. StockNews.com lowered Vishay Precision Group from a “buy” rating to a “hold” rating in a research note on Saturday, March 1st. B. Riley raised shares of Vishay Precision Group from a “neutral” rating to a “buy” rating and upped their price objective for the company from $24.50 to $28.50 in a research note on Thursday, February 13th.

Vishay Precision Group Profile

Vishay Precision Group, Inc designs, manufactures, and markets specialized sensors, weighing solutions, and measurement systems in the United States, Israel, the United Kingdom, rest of Europe, Asia, and Canada. It operates through three segments: Sensors, Weighing Solutions, and Measurement Systems.