Roubaix Capital LLC Buys New Position in Vishay Precision Group, Inc. $VPG

Roubaix Capital LLC bought a new stake in shares of Vishay Precision Group, Inc. (NYSE:VPG) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 160,961 shares of the scientific and technical instruments company’s stock, valued at approximately $6,989,000. Vishay Precision Group accounts for about 3.3% of Roubaix Capital LLC’s investment portfolio, making the stock its 6th biggest holding.

Several other hedge funds have also recently added to or reduced their stakes in VPG. Russell Investments Group Ltd. lifted its position in shares of Vishay Precision Group by 826.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,112 shares of the scientific and technical instruments company’s stock worth $36,000 after purchasing an additional 992 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Vishay Precision Group by 1,180.0% in the 4th quarter. Farther Finance Advisors LLC now owns 1,024 shares of the scientific and technical instruments company’s stock valued at $39,000 after purchasing an additional 944 shares during the last quarter. Strs Ohio acquired a new stake in shares of Vishay Precision Group during the first quarter worth $39,000. Kestra Advisory Services LLC acquired a new stake in shares of Vishay Precision Group during the fourth quarter worth $51,000. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of Vishay Precision Group during the fourth quarter worth $75,000. Institutional investors own 87.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on VPG. Lake Street Capital boosted their target price on shares of Vishay Precision Group from $54.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Wall Street Zen upgraded Vishay Precision Group from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. B. Riley Financial lifted their price objective on Vishay Precision Group from $63.00 to $109.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Weiss Ratings raised Vishay Precision Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 23rd. Finally, Zacks Research lowered Vishay Precision Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Vishay Precision Group presently has an average rating of “Moderate Buy” and a consensus target price of $83.67.

Vishay Precision Group Stock Performance

NYSE:VPG opened at $103.86 on Friday. The company has a quick ratio of 2.97, a current ratio of 4.47 and a debt-to-equity ratio of 0.06. Vishay Precision Group, Inc. has a twelve month low of $25.58 and a twelve month high of $151.78. The company has a fifty day moving average of $120.26 and a 200-day moving average of $72.84. The firm has a market capitalization of $1.38 billion, a P/E ratio of 230.80, a P/E/G ratio of 5.33 and a beta of 1.43.

Vishay Precision Group (NYSE:VPG) last issued its earnings results on Tuesday, May 12th. The scientific and technical instruments company reported $0.07 earnings per share (EPS) for the quarter. The business 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, sell-side analysts anticipate that Vishay Precision Group, Inc. will post 0.97 EPS for the current year.

Vishay Precision Group 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.