Vishay Precision Group (NYSE:VPG) Hits New 12-Month High – What’s Next?

Vishay Precision Group, Inc. (NYSE:VPG)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $108.00 and last traded at $105.4920, with a volume of 837565 shares traded. The stock had previously closed at $97.32.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Wall Street Zen upgraded Vishay Precision Group from a “hold” rating to a “buy” rating in a research report on Saturday. Lake Street Capital lifted their price target on Vishay Precision Group from $54.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Zacks Research upgraded Vishay Precision Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. B. Riley Financial lifted their price target on Vishay Precision Group from $63.00 to $109.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Finally, Weiss Ratings upgraded Vishay Precision Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $83.67.

Vishay Precision Group Stock Performance

The company has a 50-day moving average price of $54.51 and a two-hundred day moving average price of $45.74. 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 company has a market capitalization of $1.40 billion, a PE ratio of 234.43, a PEG ratio of 4.99 and a beta of 1.13.

Vishay Precision Group (NYSE:VPG) last posted its earnings results on Tuesday, May 12th. The scientific and technical instruments company reported $0.07 EPS for the quarter. Vishay Precision Group had a return on equity of 2.28% and a net margin of 1.85%.The business had revenue of $84.35 million during the quarter, compared to analysts’ expectations of $77.08 million. Analysts predict that Vishay Precision Group, Inc. will post 0.97 EPS for the current fiscal year.

Hedge Funds Weigh In On Vishay Precision Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VPG. Acuitas Investments LLC grew its position in 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 worth $32,466,000 after buying an additional 941,622 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Vishay Precision Group during the fourth quarter worth about $9,822,000. T. Rowe Price Investment Management Inc. purchased a new position in Vishay Precision Group during the fourth quarter worth about $9,732,000. Handelsbanken Fonder AB grew its position in Vishay Precision Group by 120.7% during the fourth 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 in the last quarter. Finally, Roubaix Capital LLC purchased a new position in Vishay Precision Group during the first quarter worth about $6,989,000. 87.61% of the stock is currently 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.