Vishay Precision Group, Inc. (NYSE:VPG – Get Free Report)’s stock price 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 traded. The stock had previously closed at $66.60.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on VPG shares. Weiss Ratings cut shares of Vishay Precision Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 6th. Lake Street Capital set a $54.00 target price on shares of Vishay Precision Group and gave the stock a “buy” rating in a research report on Thursday, February 12th. B. Riley Financial restated a “buy” rating and issued a $63.00 target price (up from $45.00) on shares of Vishay Precision Group in a research note on Tuesday, February 3rd. Zacks Research raised shares of Vishay Precision Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Wall Street Zen downgraded Vishay Precision Group from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Vishay Precision Group currently has a consensus rating of “Hold” and an average price target of $53.67.
Read Our Latest Research Report on VPG
Vishay Precision Group Price Performance
Vishay Precision Group (NYSE:VPG – Get Free Report) last issued its quarterly earnings results on Tuesday, May 12th. The scientific and technical instruments company reported $0.07 earnings per share (EPS) for the quarter. Vishay Precision Group had a return on equity of 2.16% and a net margin of 1.72%.The firm had revenue of $84.35 million during the quarter, compared to analyst estimates of $77.08 million. As a group, sell-side analysts anticipate that Vishay Precision Group, Inc. will post 0.76 EPS for the current year.
Institutional Investors Weigh In On Vishay Precision Group
A number of institutional investors and hedge funds have recently modified their holdings of VPG. Russell Investments Group Ltd. raised 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 worth $36,000 after buying an additional 992 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Vishay Precision Group by 1,180.0% in the fourth quarter. Farther Finance Advisors LLC now owns 1,024 shares of the scientific and technical instruments company’s stock worth $39,000 after acquiring an additional 944 shares during the last quarter. Strs Ohio purchased a new stake in shares of Vishay Precision Group during the 1st quarter worth about $39,000. Kestra Advisory Services LLC acquired a new stake in Vishay Precision Group in the fourth quarter valued at approximately $51,000. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of Vishay Precision Group in the 4th quarter valued at $75,000. 87.61% of the stock is owned by institutional investors and hedge funds.
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.
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