BlackRock Inc. raised its position in shares of Vishay Precision Group Inc (NYSE:VPG) by 3.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 883,845 shares of the scientific and technical instruments company’s stock after buying an additional 32,988 shares during the quarter. BlackRock Inc. owned about 0.07% of Vishay Precision Group worth $33,719,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VPG. Campbell & CO Investment Adviser LLC purchased a new position in shares of Vishay Precision Group in the 2nd quarter worth approximately $203,000. Sawgrass Asset Management LLC purchased a new position in shares of Vishay Precision Group in the 2nd quarter worth approximately $221,000. GSA Capital Partners LLP purchased a new position in shares of Vishay Precision Group in the 2nd quarter worth approximately $231,000. Element Capital Management LLC purchased a new position in shares of Vishay Precision Group in the 1st quarter worth approximately $239,000. Finally, Allianz Asset Management GmbH purchased a new position in shares of Vishay Precision Group in the 1st quarter worth approximately $298,000. Institutional investors and hedge funds own 80.06% of the company’s stock.
In related news, CFO William M. Clancy sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $43.21, for a total transaction of $432,100.00. Following the completion of the sale, the chief financial officer now directly owns 19,575 shares of the company’s stock, valued at approximately $845,835.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Saul Reibstein sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $41.87, for a total value of $209,350.00. Following the sale, the director now directly owns 13,863 shares of the company’s stock, valued at $580,443.81. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,276 shares of company stock valued at $1,861,379. Company insiders own 6.49% of the company’s stock.
Vishay Precision Group (NYSE:VPG) last announced its earnings results on Tuesday, August 7th. The scientific and technical instruments company reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.13. The firm had revenue of $74.23 million during the quarter, compared to analysts’ expectations of $73.53 million. Vishay Precision Group had a return on equity of 10.93% and a net margin of 7.66%. During the same quarter in the previous year, the business earned $0.29 EPS. As a group, research analysts forecast that Vishay Precision Group Inc will post 1.94 earnings per share for the current year.
A number of brokerages have recently commented on VPG. ValuEngine cut Vishay Precision Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 8th. B. Riley reiterated a “buy” rating and issued a $53.00 target price (up previously from $40.00) on shares of Vishay Precision Group in a report on Monday, August 6th. Finally, Sidoti upgraded Vishay Precision Group from a “neutral” rating to a “buy” rating in a report on Thursday, October 11th.
Vishay Precision Group Company Profile
Vishay Precision Group, Inc designs, manufactures, and markets sensors, sensor-based measurement systems, specialty resistors, and strain gages in Asia, the United States, Israel, Europe, the United Kingdom, and Canada. It operates through three segments: Foil Technology Products, Force Sensors, and Weighing and Control Systems.
Further Reading: Closed-End Mutual Funds (CEFs)
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