Vishay Precision Group (NYSE:VPG) Sets New 12-Month High – Here’s Why

Vishay Precision Group, Inc. (NYSE:VPG)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $54.61 and last traded at $52.7990, with a volume of 501287 shares changing hands. The stock had previously closed at $50.64.

Wall Street Analysts Forecast Growth

VPG has been the subject of a number of research reports. Weiss Ratings downgraded Vishay Precision Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, January 15th. Lake Street Capital began coverage on Vishay Precision Group in a research report on Thursday, December 18th. They set a “buy” rating and a $44.00 price target for the company. Loop Capital set a $44.00 price objective on shares of Vishay Precision Group in a report on Thursday, December 18th. B. Riley reissued a “buy” rating and issued a $63.00 price objective (up previously from $45.00) on shares of Vishay Precision Group in a research report on Tuesday. Finally, Wall Street Zen cut shares of Vishay Precision Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 22nd. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $50.33.

Vishay Precision Group Price Performance

The stock has a market cap of $701.17 million, a price-to-earnings ratio of 88.00, a price-to-earnings-growth ratio of 2.42 and a beta of 0.85. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.71 and a current ratio of 4.10. The company has a 50-day simple moving average of $40.69 and a two-hundred day simple moving average of $34.56.

Vishay Precision Group (NYSE:VPG) last released its earnings results on Tuesday, November 4th. The scientific and technical instruments company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.05. The business had revenue of $79.73 million during the quarter, compared to analysts’ expectations of $76.63 million. Vishay Precision Group had a net margin of 2.65% and a return on equity of 2.02%. As a group, equities research analysts forecast that Vishay Precision Group, Inc. will post 0.9 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC increased its stake in shares of Vishay Precision Group by 1,180.0% during the 4th quarter. Farther Finance Advisors LLC now owns 1,024 shares of the scientific and technical instruments company’s stock worth $39,000 after purchasing an additional 944 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Vishay Precision Group by 826.7% during the third 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. Central Pacific Bank Trust Division bought a new position in Vishay Precision Group during the fourth quarter worth about $75,000. BNP Paribas Financial Markets increased its position in Vishay Precision Group by 85.7% during the third quarter. BNP Paribas Financial Markets now owns 2,332 shares of the scientific and technical instruments company’s stock worth $75,000 after buying an additional 1,076 shares during the last quarter. Finally, State of Wyoming bought a new stake in Vishay Precision Group in the second quarter valued at approximately $80,000. Institutional investors own 87.61% of the company’s stock.

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.