Azarias Capital Management L.P. Reduces Position in Vishay Precision Group, Inc. $VPG

Azarias Capital Management L.P. decreased its holdings in shares of Vishay Precision Group, Inc. (NYSE:VPG) by 33.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 142,164 shares of the scientific and technical instruments company’s stock after selling 72,400 shares during the quarter. Vishay Precision Group accounts for about 1.8% of Azarias Capital Management L.P.’s investment portfolio, making the stock its 22nd biggest position. Azarias Capital Management L.P.’s holdings in Vishay Precision Group were worth $4,556,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CSM Advisors LLC bought a new position in shares of Vishay Precision Group in the second quarter worth about $5,565,000. Segall Bryant & Hamill LLC purchased a new stake in Vishay Precision Group in the 2nd quarter valued at about $4,689,000. AIGH Capital Management LLC grew its stake in Vishay Precision Group by 60.7% in the second quarter. AIGH Capital Management LLC now owns 423,484 shares of the scientific and technical instruments company’s stock worth $11,900,000 after purchasing an additional 159,919 shares in the last quarter. Nuveen LLC bought a new stake in Vishay Precision Group during the 1st quarter valued at $2,656,000. Finally, First Eagle Investment Management LLC raised its position in Vishay Precision Group by 72.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 223,642 shares of the scientific and technical instruments company’s stock valued at $6,284,000 after purchasing an additional 93,798 shares in the last quarter. Hedge funds and other institutional investors own 87.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on VPG shares. Zacks Research downgraded Vishay Precision Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Loop Capital set a $44.00 target price on Vishay Precision Group in a report on Thursday, December 18th. Lake Street Capital assumed coverage on Vishay Precision Group in a research report on Thursday, December 18th. They set a “buy” rating and a $44.00 target price on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Vishay Precision Group in a research report on Monday. Finally, Wall Street Zen cut Vishay Precision Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 22nd. Two equities research 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 an average rating of “Moderate Buy” and an average price target of $38.83.

Vishay Precision Group Stock Performance

Shares of VPG stock opened at $39.47 on Friday. The company has a quick ratio of 2.71, a current ratio of 4.10 and a debt-to-equity ratio of 0.06. Vishay Precision Group, Inc. has a 52-week low of $18.57 and a 52-week high of $40.32. The business has a 50-day simple moving average of $35.70 and a 200-day simple moving average of $31.39. The stock has a market cap of $524.16 million, a PE ratio of 65.78, a price-to-earnings-growth ratio of 2.88 and a beta of 0.86.

Vishay Precision Group (NYSE:VPG) last posted its earnings results on Tuesday, November 4th. The scientific and technical instruments company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.05. Vishay Precision Group had a net margin of 2.65% and a return on equity of 2.02%. The firm had revenue of $79.73 million during the quarter, compared to analysts’ expectations of $76.63 million. On average, equities analysts expect that Vishay Precision Group, Inc. will post 0.9 EPS for the current year.

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.