Vishay Precision Group (NYSE:VPG) Hits New 12-Month High – What’s Next?

Shares of Vishay Precision Group, Inc. (NYSE:VPG) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $108.00 and last traded at $105.4920, with a volume of 837565 shares. The stock had previously closed at $97.32.

Analysts Set New Price Targets

Several brokerages have issued reports on VPG. B. Riley Financial lifted their price target on Vishay Precision Group from $63.00 to $109.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Wall Street Zen raised Vishay Precision Group from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings raised Vishay Precision Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Lake Street Capital lifted their price target 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. Finally, Zacks Research raised Vishay Precision Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $83.67.

Vishay Precision Group Stock Performance

The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.97 and a current ratio of 4.47. The business has a 50 day moving average price of $54.51 and a two-hundred day moving average price of $45.74. The company has a market cap of $1.40 billion, a P/E ratio of 234.43, a price-to-earnings-growth ratio of 4.99 and a beta of 1.13.

Vishay Precision Group (NYSE:VPG) last released 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 return on equity of 2.28% and a net margin of 1.85%.The company had revenue of $84.35 million during the quarter, compared to analyst estimates of $77.08 million. On average, sell-side analysts anticipate that Vishay Precision Group, Inc. will post 0.97 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in VPG. Acuitas Investments LLC grew its holdings in shares of Vishay Precision Group by 1,319.6% during the 3rd quarter. Acuitas Investments LLC now owns 1,012,976 shares of the scientific and technical instruments company’s stock worth $32,466,000 after acquiring an additional 941,622 shares during the period. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Vishay Precision Group in the 4th quarter worth approximately $9,822,000. T. Rowe Price Investment Management Inc. purchased a new stake in shares of Vishay Precision Group in the 4th quarter worth approximately $9,732,000. Handelsbanken Fonder AB grew its stake in shares of Vishay Precision Group by 120.7% in the 4th quarter. Handelsbanken Fonder AB now owns 311,377 shares of the scientific and technical instruments company’s stock worth $11,988,000 after buying an additional 170,307 shares during the last quarter. Finally, Roubaix Capital LLC purchased a new stake in shares of Vishay Precision Group in the 1st quarter worth approximately $6,989,000. Hedge funds and other institutional investors own 87.61% of the company’s stock.

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.