Vishay Precision Group (NYSE:VPG) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Vishay Precision Group (NYSE:VPG) from a buy rating to a hold rating in a research report report published on Saturday morning.

Several other analysts have also recently issued reports on VPG. B. Riley Financial reissued a “buy” rating and set a $63.00 price objective (up from $45.00) on shares of Vishay Precision Group in a research note on Tuesday, February 3rd. Weiss Ratings cut Vishay Precision Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, January 15th. Lake Street Capital set a $54.00 price target on Vishay Precision Group and gave the stock a “buy” rating in a research note on Thursday. Finally, Loop Capital set a $44.00 price objective on Vishay Precision Group in a research note on Thursday, December 18th. Two analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $53.67.

Vishay Precision Group Stock Down 5.4%

VPG opened at $44.16 on Friday. Vishay Precision Group has a 12 month low of $18.57 and a 12 month high of $56.25. The business has a 50-day moving average of $43.29 and a two-hundred day moving average of $35.99. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.10 and a quick ratio of 2.71. The stock has a market capitalization of $586.43 million, a price-to-earnings ratio of 110.40, a price-to-earnings-growth ratio of 2.29 and a beta of 0.84.

Vishay Precision Group (NYSE:VPG) last announced its quarterly earnings data on Wednesday, February 11th. The scientific and technical instruments company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.14). Vishay Precision Group had a return on equity of 2.17% and a net margin of 1.72%.The company had revenue of $80.57 million for the quarter, compared to analysts’ expectations of $78.08 million. On average, research analysts expect that Vishay Precision Group will post 0.9 earnings per share for the current year.

Hedge Funds Weigh In On Vishay Precision Group

A number of institutional investors and hedge funds have recently bought and sold shares of VPG. Acuitas Investments LLC raised its stake in shares of Vishay Precision Group by 1,319.6% during the third quarter. Acuitas Investments LLC now owns 1,012,976 shares of the scientific and technical instruments company’s stock valued at $32,466,000 after purchasing an additional 941,622 shares during the period. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Vishay Precision Group during the 4th quarter valued at $9,822,000. CSM Advisors LLC purchased a new stake in Vishay Precision Group during the 2nd quarter worth $5,565,000. Handelsbanken Fonder AB increased its stake in Vishay Precision Group by 120.7% during the 4th quarter. Handelsbanken Fonder AB now owns 311,377 shares of the scientific and technical instruments company’s stock worth $11,988,000 after buying an additional 170,307 shares during the period. Finally, Segall Bryant & Hamill LLC acquired a new position in Vishay Precision Group in the 2nd quarter worth $4,689,000. Hedge funds and other institutional investors own 87.61% of the company’s stock.

Vishay Precision Group Company Profile

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.