Vishay Precision Group Inc. (NYSE:VPG) has been given a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.
Brokerages have set a 1 year consensus price target of $19.00 for the company and are anticipating that the company will post $0.18 EPS for the current quarter, according to Zacks. Zacks has also given Vishay Precision Group an industry rank of 83 out of 265 based on the ratings given to related companies.
Several research firms recently issued reports on VPG. B. Riley reiterated a “buy” rating and issued a $22.00 target price on shares of Vishay Precision Group in a research note on Tuesday, August 9th. Zacks Investment Research cut shares of Vishay Precision Group from a “hold” rating to a “sell” rating in a research note on Friday, August 12th.
In related news, major shareholder Nokomis Capital, L.L.C. acquired 44,867 shares of Vishay Precision Group stock in a transaction on Wednesday, August 17th. The stock was bought at an average cost of $14.46 per share, for a total transaction of $648,776.82. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.39% of the company’s stock.
Several large investors have recently added to or reduced their stakes in VPG. Panagora Asset Management Inc. raised its stake in Vishay Precision Group by 602.3% in the second quarter. Panagora Asset Management Inc. now owns 8,336 shares of the company’s stock worth $112,000 after buying an additional 7,149 shares during the last quarter. AXA raised its stake in Vishay Precision Group by 14.9% in the first quarter. AXA now owns 18,390 shares of the company’s stock worth $258,000 after buying an additional 2,390 shares during the last quarter. Eagle Global Advisors LLC acquired a new stake in Vishay Precision Group during the second quarter worth about $366,000. Nationwide Fund Advisors raised its stake in Vishay Precision Group by 0.6% in the second quarter. Nationwide Fund Advisors now owns 34,031 shares of the company’s stock worth $457,000 after buying an additional 214 shares during the last quarter. Finally, Strs Ohio raised its stake in Vishay Precision Group by 33.0% in the second quarter. Strs Ohio now owns 43,100 shares of the company’s stock worth $578,000 after buying an additional 10,700 shares during the last quarter. 84.64% of the stock is owned by institutional investors and hedge funds.
Shares of Vishay Precision Group (NYSE:VPG) traded down 0.25% during trading on Monday, hitting $15.99. 4,478 shares of the company’s stock were exchanged. Vishay Precision Group has a 12-month low of $10.27 and a 12-month high of $16.32. The company’s market cap is $210.94 million. The company has a 50-day moving average of $15.39 and a 200-day moving average of $14.23.
Vishay Precision Group (NYSE:VPG) last posted its earnings results on Tuesday, August 9th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by $0.05. Vishay Precision Group had a negative net margin of 5.63% and a positive return on equity of 4.89%. The firm earned $58 million during the quarter, compared to analyst estimates of $59.51 million. During the same quarter in the prior year, the firm earned $0.13 earnings per share. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. On average, equities analysts expect that Vishay Precision Group will post $0.51 earnings per share for the current fiscal year.
Vishay Precision Group Company Profile
Vishay Precision Group, Inc (VPG) is a designer, manufacturer and marketer of sensors and sensor-based measurement systems, as well as specialty resistors and strain gages. The Company operates through three business segments: Foil Technology Products, Force Sensors, and Weighing and Control Systems.
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