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

Vishay Precision Group, Inc. (NYSE:VPGGet Free Report)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $151.00 and last traded at $148.8970, with a volume of 96001 shares changing hands. The stock had previously closed at $142.09.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on VPG shares. Weiss Ratings raised shares of Vishay Precision Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, June 23rd. Wall Street Zen upgraded shares of Vishay Precision Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Zacks Research raised Vishay Precision Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. B. Riley Financial upped their target price on Vishay Precision Group from $63.00 to $109.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Finally, Lake Street Capital increased their price target on Vishay Precision Group from $54.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Vishay Precision Group currently has a consensus rating of “Buy” and an average target price of $83.67.

View Our Latest Research Report on Vishay Precision Group

Vishay Precision Group Trading Up 2.9%

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 stock has a market capitalization of $1.95 billion, a P/E ratio of 326.33, a PEG ratio of 6.55 and a beta of 1.45. The firm’s 50-day simple moving average is $104.13 and its 200 day simple moving average is $65.40.

Vishay Precision Group (NYSE:VPGGet Free Report) last posted its quarterly earnings data on Tuesday, May 12th. The scientific and technical instruments company reported $0.07 earnings per share for the quarter. The company had revenue of $84.35 million during the quarter, compared to analyst estimates of $77.08 million. Vishay Precision Group had a net margin of 1.85% and a return on equity of 2.28%. Equities research analysts anticipate that Vishay Precision Group, Inc. will post 0.97 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in VPG. Invesco Ltd. lifted its position in shares of Vishay Precision Group by 11.7% during the 2nd quarter. Invesco Ltd. now owns 26,353 shares of the scientific and technical instruments company’s stock valued at $741,000 after acquiring an additional 2,763 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Vishay Precision Group by 4.3% during the 2nd quarter. First Trust Advisors LP now owns 39,578 shares of the scientific and technical instruments company’s stock worth $1,112,000 after acquiring an additional 1,615 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Vishay Precision Group in the 2nd quarter worth $338,000. Sei Investments Co. acquired a new position in shares of Vishay Precision Group in the 2nd quarter worth $218,000. Finally, Quantinno Capital Management LP raised its position in shares of Vishay Precision Group by 56.4% during the second quarter. Quantinno Capital Management LP now owns 31,389 shares of the scientific and technical instruments company’s stock worth $882,000 after purchasing an additional 11,324 shares during the period. Institutional investors and hedge funds own 87.61% of the company’s stock.

Vishay Precision Group Company Profile

(Get Free Report)

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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