Granite Investment Partners LLC Makes New Investment in Vishay Precision Group, Inc. $VPG

Granite Investment Partners LLC purchased a new position in Vishay Precision Group, Inc. (NYSE:VPG) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,416 shares of the scientific and technical instruments company’s stock, valued at approximately $235,000.

A number of other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Vishay Precision Group by 2.7% during the third quarter. Vanguard Group Inc. now owns 937,553 shares of the scientific and technical instruments company’s stock valued at $30,049,000 after acquiring an additional 24,235 shares during the last quarter. Harvey Partners LLC grew its stake in shares of Vishay Precision Group by 21.3% in the third quarter. Harvey Partners LLC now owns 372,000 shares of the scientific and technical instruments company’s stock worth $11,923,000 after purchasing an additional 65,315 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in Vishay Precision Group by 2.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 342,135 shares of the scientific and technical instruments company’s stock valued at $9,614,000 after purchasing an additional 8,923 shares during the period. Handelsbanken Fonder AB increased its holdings 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 valued at $11,988,000 after purchasing an additional 170,307 shares during the period. Finally, Tieton Capital Management LLC lifted its holdings in Vishay Precision Group by 0.5% in the 4th quarter. Tieton Capital Management LLC now owns 311,226 shares of the scientific and technical instruments company’s stock worth $11,982,000 after buying an additional 1,495 shares during the period. Hedge funds and other institutional investors own 87.61% of the company’s stock.

Vishay Precision Group Price Performance

VPG opened at $113.47 on Friday. 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 company has a market cap of $1.51 billion, a price-to-earnings ratio of 252.16, a price-to-earnings-growth ratio of 5.54 and a beta of 1.43. The stock has a fifty day simple moving average of $114.90 and a two-hundred day simple moving average of $70.22. Vishay Precision Group, Inc. has a 12-month low of $25.58 and a 12-month high of $151.78.

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Lake Street Capital lifted their price objective on Vishay Precision Group from $54.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. B. Riley Financial raised their price target on Vishay Precision Group from $63.00 to $109.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Zacks Research upgraded shares of Vishay Precision Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. Weiss Ratings raised shares of Vishay Precision Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, June 23rd. Finally, Wall Street Zen upgraded shares of Vishay Precision Group from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $83.67.

Vishay Precision Group 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.