Grand Central Investment Group Acquires 4,636 Shares of Vishay Precision Group, Inc. $VPG

Grand Central Investment Group raised its stake in shares of Vishay Precision Group, Inc. (NYSE:VPG) by 9.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,196 shares of the scientific and technical instruments company’s stock after buying an additional 4,636 shares during the quarter. Vishay Precision Group comprises approximately 1.7% of Grand Central Investment Group’s holdings, making the stock its 21st largest position. Grand Central Investment Group’s holdings in Vishay Precision Group were worth $2,266,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of VPG. Russell Investments Group Ltd. boosted its position in shares of 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 acquiring an additional 992 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in 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 acquiring an additional 944 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in Vishay Precision Group in the 4th quarter valued at $51,000. Central Pacific Bank Trust Division purchased a new stake in Vishay Precision Group in the 4th quarter worth $75,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Vishay Precision Group by 85.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,332 shares of the scientific and technical instruments company’s stock valued at $75,000 after purchasing an additional 1,076 shares during the last quarter. Institutional investors own 87.61% of the company’s stock.

Vishay Precision Group Stock Up 11.6%

NYSE VPG opened at $142.66 on Tuesday. The company has a quick ratio of 2.97, a current ratio of 4.47 and a debt-to-equity ratio of 0.06. The company has a fifty day moving average of $104.13 and a two-hundred day moving average of $65.40. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 317.02, a PEG ratio of 6.55 and a beta of 1.45. Vishay Precision Group, Inc. has a 52 week low of $25.58 and a 52 week high of $148.39.

Vishay Precision Group (NYSE:VPG) last announced its earnings results on Tuesday, May 12th. The scientific and technical instruments company reported $0.07 earnings per share for the quarter. Vishay Precision Group had a net margin of 1.85% and a return on equity of 2.28%. The business had revenue of $84.35 million for the quarter, compared to the consensus estimate of $77.08 million. On average, analysts predict that Vishay Precision Group, Inc. will post 0.97 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on VPG. Weiss Ratings upgraded Vishay Precision Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 23rd. Wall Street Zen raised Vishay Precision Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Zacks Research upgraded Vishay Precision Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. 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, Lake Street Capital upped their price objective on Vishay Precision Group from $54.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $83.67.

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.