Vishay Precision Group (NYSE:VPG) Given New $105.00 Price Target at B. Riley Financial

Vishay Precision Group (NYSE:VPG) had its target price reduced by investment analysts at B. Riley Financial from $109.00 to $105.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the scientific and technical instruments company’s stock. B. Riley Financial’s target price suggests a potential upside of 44.45% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. Zacks Research downgraded Vishay Precision Group from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Lake Street Capital upped their target price 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. Weiss Ratings upgraded Vishay Precision Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday. 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. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $82.33.

Vishay Precision Group Stock Down 1.2%

VPG stock traded down $0.87 during trading on Thursday, reaching $72.69. The stock had a trading volume of 105,529 shares, compared to its average volume of 435,368. The company has a current ratio of 4.47, a quick ratio of 2.97 and a debt-to-equity ratio of 0.06. The firm has a fifty day moving average price of $118.77 and a 200 day moving average price of $78.25. The company has a market capitalization of $966.75 million, a P/E ratio of 158.41, a PEG ratio of 5.18 and a beta of 1.46. Vishay Precision Group has a 1-year low of $26.13 and a 1-year high of $151.78.

Vishay Precision Group (NYSE:VPG) last announced its earnings results on Wednesday, August 5th. The scientific and technical instruments company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.15). Vishay Precision Group had a net margin of 1.85% and a return on equity of 2.28%. The business had revenue of $83.94 million for the quarter, compared to analyst estimates of $87.44 million. On average, equities analysts anticipate that Vishay Precision Group will post 0.97 earnings per share for the current year.

Institutional Investors Weigh In On Vishay Precision Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Quantinno Capital Management LP boosted its holdings in shares of Vishay Precision Group by 0.9% during the first quarter. Quantinno Capital Management LP now owns 36,869 shares of the scientific and technical instruments company’s stock valued at $1,601,000 after acquiring an additional 314 shares during the period. LPL Financial LLC lifted its position in Vishay Precision Group by 6.3% in the 4th quarter. LPL Financial LLC now owns 7,522 shares of the scientific and technical instruments company’s stock valued at $290,000 after purchasing an additional 448 shares during the last quarter. UBS Group AG lifted its position in Vishay Precision Group by 0.8% in the 3rd quarter. UBS Group AG now owns 67,724 shares of the scientific and technical instruments company’s stock valued at $2,171,000 after purchasing an additional 523 shares during the last quarter. K2 Principal Fund L.P. boosted its stake in Vishay Precision Group by 9.0% during the 4th quarter. K2 Principal Fund L.P. now owns 10,900 shares of the scientific and technical instruments company’s stock valued at $420,000 after purchasing an additional 900 shares during the period. Finally, Strs Ohio bought a new position in Vishay Precision Group in the 1st quarter worth about $39,000. 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.