Vishay Precision Group (NYSE:VPG) Hits New 12-Month High – Should You Buy?

Shares of Vishay Precision Group, Inc. (NYSE:VPG) reached a new 52-week high on Tuesday . The stock traded as high as $45.98 and last traded at $45.23, with a volume of 350605 shares. The stock had previously closed at $43.61.

Analysts Set New Price Targets

VPG has been the topic of several recent research reports. Loop Capital set a $44.00 price objective on shares of Vishay Precision Group in a report on Thursday, December 18th. Zacks Research lowered shares of Vishay Precision Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Weiss Ratings cut shares of Vishay Precision Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday. Lake Street Capital began coverage on shares of Vishay Precision Group in a research note on Thursday, December 18th. They issued a “buy” rating and a $44.00 price objective for the company. 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 issued a Sell rating to the company. According to MarketBeat, Vishay Precision Group currently has a consensus rating of “Hold” and an average target price of $38.83.

Vishay Precision Group Stock Up 0.6%

The company has a market cap of $582.42 million, a P/E ratio of 73.10, a price-to-earnings-growth ratio of 2.09 and a beta of 0.83. The company has a 50 day moving average of $37.30 and a 200-day moving average of $33.09. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.10 and a quick ratio of 2.71.

Vishay Precision Group (NYSE:VPG) last announced its earnings results on Tuesday, November 4th. The scientific and technical instruments company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. Vishay Precision Group had a return on equity of 2.02% and a net margin of 2.65%.The business had revenue of $79.73 million for the quarter, compared to analyst estimates of $76.63 million. On average, equities analysts predict that Vishay Precision Group, Inc. will post 0.9 earnings per share for the current year.

Institutional Investors Weigh In On Vishay Precision Group

A number of institutional investors and hedge funds have recently bought and sold shares of VPG. GAMMA Investing LLC grew its stake in Vishay Precision Group by 2,638.2% in the 2nd quarter. GAMMA Investing LLC now owns 931 shares of the scientific and technical instruments company’s stock worth $26,000 after buying an additional 897 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of 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 worth $36,000 after acquiring an additional 992 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of Vishay Precision Group during the 4th quarter worth $75,000. BNP Paribas Financial Markets lifted 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 worth $75,000 after acquiring an additional 1,076 shares during the last quarter. Finally, State of Wyoming bought a new stake in shares of Vishay Precision Group during the 2nd quarter worth $80,000. 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.