Vishay Precision Group (NYSE:VPG) Hits New 1-Year High – Here’s What Happened

Shares of Vishay Precision Group, Inc. (NYSE:VPG) hit a new 52-week high during trading on Tuesday . The stock traded as high as $121.37 and last traded at $120.80, with a volume of 287968 shares trading hands. The stock had previously closed at $113.76.

Analysts Set New Price Targets

Several research firms recently issued reports on VPG. Weiss Ratings raised shares of Vishay Precision Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Lake Street Capital boosted their target price 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. Wall Street Zen raised Vishay Precision Group from a “hold” rating to a “buy” rating in a research 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 note on Wednesday, May 13th. Finally, Zacks Research upgraded Vishay Precision Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $83.67.

Vishay Precision Group Trading Up 8.8%

The company has a current ratio of 4.47, a quick ratio of 2.97 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $1.65 billion, a P/E ratio of 275.10, a P/E/G ratio of 5.83 and a beta of 1.13. The business’s fifty day simple moving average is $60.78 and its two-hundred day simple moving average is $48.15.

Vishay Precision Group (NYSE:VPG) last posted its quarterly earnings data on Tuesday, May 12th. The scientific and technical instruments company reported $0.07 earnings per share (EPS) for the quarter. The company had revenue of $84.35 million for the quarter, compared to the consensus estimate 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, analysts forecast that Vishay Precision Group, Inc. will post 0.97 earnings per share for the current year.

Institutional Trading of Vishay Precision Group

Hedge funds have recently modified their holdings of the company. Acuitas Investments LLC raised its stake in shares of Vishay Precision Group by 1,319.6% in the third quarter. Acuitas Investments LLC now owns 1,012,976 shares of the scientific and technical instruments company’s stock valued at $32,466,000 after purchasing an additional 941,622 shares in the last quarter. Vanguard Group Inc. increased its holdings in Vishay Precision Group by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 937,553 shares of the scientific and technical instruments company’s stock valued at $30,049,000 after buying an additional 24,235 shares during the period. Harvey Partners LLC raised its stake in shares of Vishay Precision Group by 21.3% in the 3rd quarter. Harvey Partners LLC now owns 372,000 shares of the scientific and technical instruments company’s stock valued at $11,923,000 after buying an additional 65,315 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Vishay Precision Group by 2.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 342,135 shares of the scientific and technical instruments company’s stock worth $9,614,000 after acquiring an additional 8,923 shares during the period. Finally, Handelsbanken Fonder AB lifted its holdings in shares of Vishay Precision Group by 120.7% during 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 acquiring an additional 170,307 shares during the period. 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.