Vishay Precision Group (NYSE:VPG) Trading Up 11.6% – Here’s Why

Vishay Precision Group, Inc. (NYSE:VPG) shot up 11.6% during trading on Monday . The stock traded as high as $141.63 and last traded at $142.6190. Approximately 593,002 shares traded hands during mid-day trading, an increase of 47% from the average session volume of 402,239 shares. The stock had previously closed at $127.82.

Wall Street Analysts Forecast Growth

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

Vishay Precision Group Trading Down 1.5%

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 firm has a fifty day moving average price of $106.08 and a 200 day moving average price of $66.19. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 328.20, a P/E/G ratio of 7.29 and a beta of 1.46.

Vishay Precision Group (NYSE:VPG) last posted its quarterly earnings results on Tuesday, May 12th. The scientific and technical instruments company reported $0.07 earnings per share (EPS) for the quarter. The firm had revenue of $84.35 million for the quarter, compared to analyst estimates of $77.08 million. Vishay Precision Group had a net margin of 1.85% and a return on equity of 2.28%. As a group, equities analysts predict that Vishay Precision Group, Inc. will post 0.97 EPS for the current fiscal year.

Institutional Investors Weigh In On Vishay Precision Group

A number of large investors have recently added to or reduced their stakes in VPG. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Vishay Precision Group in the fourth quarter valued at $9,822,000. T. Rowe Price Investment Management Inc. acquired a new position in Vishay Precision Group in the 4th quarter valued at about $9,732,000. Handelsbanken Fonder AB raised its holdings in 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 valued at $11,988,000 after acquiring an additional 170,307 shares during the period. Roubaix Capital LLC bought a new position in Vishay Precision Group in the 1st quarter valued at about $6,989,000. Finally, Simcoe Capital LLC acquired a new stake in Vishay Precision Group during the fourth quarter worth approximately $2,938,000. Institutional investors own 87.61% of the company’s stock.

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.