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

Vishay Precision Group, Inc. (NYSE:VPG) hit a new 52-week high during trading on Tuesday . The company traded as high as $151.00 and last traded at $148.8970, with a volume of 96001 shares trading hands. The stock had previously closed at $142.09.

Wall Street Analysts Forecast Growth

VPG has been the subject of a number of recent research reports. Weiss Ratings raised Vishay Precision Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, June 23rd. Lake Street Capital boosted 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. Zacks Research upgraded Vishay Precision Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. B. Riley Financial raised their price objective on shares of 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, Wall Street Zen raised shares of Vishay Precision Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $83.67.

Vishay Precision Group Trading Down 3.7%

The company has a fifty day simple moving average of $107.90 and a two-hundred day simple moving average of $66.93. The company has a market capitalization of $1.92 billion, a P/E ratio of 320.68, a price-to-earnings-growth ratio of 7.69 and a beta of 1.42. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.47 and a quick ratio of 2.97.

Vishay Precision Group (NYSE:VPG) last released its quarterly earnings results on Tuesday, May 12th. The scientific and technical instruments company reported $0.07 earnings per share (EPS) for the quarter. The company had revenue of $84.35 million during the quarter, compared to the consensus estimate of $77.08 million. Vishay Precision Group had a return on equity of 2.28% and a net margin of 1.85%. On average, analysts forecast that Vishay Precision Group, Inc. will post 0.97 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vishay Precision Group

Hedge funds have recently bought and sold shares of the company. First Eagle Investment Management LLC lifted its position in shares of Vishay Precision Group by 10.5% during the 3rd quarter. First Eagle Investment Management LLC now owns 247,192 shares of the scientific and technical instruments company’s stock worth $7,923,000 after purchasing an additional 23,550 shares during the last quarter. Teton Advisors LLC acquired a new stake in Vishay Precision Group in the 3rd quarter valued at approximately $963,000. Harvey Partners LLC increased its position in Vishay Precision Group by 21.3% in the 3rd quarter. Harvey Partners LLC now owns 372,000 shares of the scientific and technical instruments company’s stock worth $11,923,000 after buying an additional 65,315 shares during the period. Hunter Associates Investment Management LLC bought a new position in Vishay Precision Group in the 4th quarter worth approximately $2,459,000. Finally, Bastion Asset Management Inc. lifted its holdings in shares of Vishay Precision Group by 9.8% during the fourth quarter. Bastion Asset Management Inc. now owns 171,094 shares of the scientific and technical instruments company’s stock worth $6,078,000 after buying an additional 15,296 shares during the last quarter. 87.61% of the stock is currently owned by 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.