Shares of Vishay Precision Group Inc (NYSE:VPG) have received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Analysts have set a 1 year consensus price target of $53.00 for the company and are expecting that the company will post $0.47 EPS for the current quarter, according to Zacks. Zacks has also given Vishay Precision Group an industry rank of 109 out of 256 based on the ratings given to related companies.
Separately, B. Riley boosted their price objective on Lumentum from $70.00 to $74.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th.
Vishay Precision Group stock traded down $0.19 on Monday, reaching $40.30. The company’s stock had a trading volume of 1,039 shares, compared to its average volume of 49,343. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.88 and a current ratio of 4.04. The stock has a market capitalization of $546.75 million, a P/E ratio of 19.67 and a beta of 1.06. The company’s fifty day moving average is $38.41. Vishay Precision Group has a twelve month low of $26.34 and a twelve month high of $45.00.
Vishay Precision Group (NYSE:VPG) last posted its quarterly earnings data on Tuesday, May 7th. The scientific and technical instruments company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.09. The company had revenue of $76.50 million for the quarter, compared to analyst estimates of $75.77 million. Vishay Precision Group had a return on equity of 14.31% and a net margin of 8.87%. The business’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.37 earnings per share. As a group, equities research analysts forecast that Vishay Precision Group will post 2.23 earnings per share for the current year.
In other news, Director Timothy Talbert sold 2,000 shares of the business’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $40.00, for a total transaction of $80,000.00. Following the completion of the sale, the director now owns 12,896 shares in the company, valued at $515,840. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Saul Reibstein sold 1,500 shares of the business’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $36.10, for a total value of $54,150.00. Following the sale, the director now owns 12,699 shares of the company’s stock, valued at approximately $458,433.90. The disclosure for this sale can be found here. Insiders own 6.14% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC raised its position in shares of Vishay Precision Group by 28.9% during the fourth quarter. Lord Abbett & CO. LLC now owns 362,989 shares of the scientific and technical instruments company’s stock worth $10,973,000 after acquiring an additional 81,471 shares during the last quarter. Royce & Associates LP increased its holdings in Vishay Precision Group by 27.8% in the first quarter. Royce & Associates LP now owns 329,351 shares of the scientific and technical instruments company’s stock valued at $11,267,000 after purchasing an additional 71,551 shares during the last quarter. LSV Asset Management increased its holdings in Vishay Precision Group by 4.5% in the first quarter. LSV Asset Management now owns 279,198 shares of the scientific and technical instruments company’s stock valued at $9,551,000 after purchasing an additional 11,924 shares during the last quarter. Uniplan Investment Counsel Inc. bought a new stake in Vishay Precision Group in the fourth quarter valued at about $7,322,000. Finally, Millennium Management LLC increased its holdings in Vishay Precision Group by 39.4% in the fourth quarter. Millennium Management LLC now owns 203,591 shares of the scientific and technical instruments company’s stock valued at $6,155,000 after purchasing an additional 57,542 shares during the last quarter. Institutional investors own 81.02% of the company’s stock.
About Vishay Precision Group
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.
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