Vishay Precision Group (NYSE:VPG) Hits New 52-Week High – Should You Buy?

Vishay Precision Group, Inc. (NYSE:VPG) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $87.88 and last traded at $80.45, with a volume of 190496 shares trading hands. The stock had previously closed at $66.60.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on VPG. Zacks Research raised Vishay Precision Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Wall Street Zen downgraded Vishay Precision Group from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Lake Street Capital upped 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 note on Wednesday. Weiss Ratings upgraded shares of Vishay Precision Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday. Finally, B. Riley Financial raised their price objective on shares of Vishay Precision Group from $63.00 to $109.00 and gave the company a “buy” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $83.67.

Vishay Precision Group Stock Up 0.4%

The firm has a 50 day moving average of $51.23 and a two-hundred day moving average of $44.38. The stock has a market capitalization of $1.33 billion, a PE ratio of 222.13, a P/E/G ratio of 5.63 and a beta of 1.13. The company has a current ratio of 4.47, a quick ratio of 2.97 and a debt-to-equity ratio of 0.06.

Vishay Precision Group (NYSE:VPG) last posted its earnings results on Tuesday, May 12th. The scientific and technical instruments company reported $0.07 earnings per share for the quarter. The company had revenue of $84.35 million for the quarter, compared to analyst estimates of $77.08 million. Vishay Precision Group had a return on equity of 2.28% and a net margin of 1.85%. Equities research analysts anticipate that Vishay Precision Group, Inc. will post 0.76 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. grew its holdings in Vishay Precision Group by 826.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,112 shares of the scientific and technical instruments company’s stock valued at $36,000 after buying an additional 992 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Vishay Precision Group by 1,180.0% during the fourth quarter. Farther Finance Advisors LLC now owns 1,024 shares of the scientific and technical instruments company’s stock valued at $39,000 after acquiring an additional 944 shares during the last quarter. Strs Ohio purchased a new stake in Vishay Precision Group during the 1st quarter worth about $39,000. Kestra Advisory Services LLC acquired a new position in Vishay Precision Group in the 4th quarter valued at about $51,000. Finally, Central Pacific Bank Trust Division purchased a new position in Vishay Precision Group in the 4th quarter valued at about $75,000. 87.61% of the stock is owned by hedge funds and other institutional investors.

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.