Vishay Precision Group (NYSE:VPG) Reaches New 1-Year High – Here’s Why

Vishay Precision Group, Inc. (NYSE:VPG)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as $142.22 and last traded at $142.04, with a volume of 859192 shares. The stock had previously closed at $122.25.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on VPG. Lake Street Capital lifted their price target on shares of Vishay Precision Group from $54.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Zacks Research raised shares of Vishay Precision Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. B. Riley Financial lifted their price target on shares of Vishay Precision Group from $63.00 to $109.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Weiss Ratings lowered Vishay Precision Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 28th. Finally, Wall Street Zen raised Vishay Precision Group from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $83.67.

Vishay Precision Group Stock Performance

The company’s fifty day moving average is $82.69 and its 200 day moving average is $56.76. The company has a market capitalization of $1.89 billion, a P/E ratio of 315.65, a P/E/G ratio of 6.27 and a beta of 1.46. The company has a current ratio of 4.47, a quick ratio of 2.97 and a debt-to-equity ratio of 0.06.

Vishay Precision Group (NYSE:VPG) last released its quarterly earnings data on Tuesday, May 12th. The scientific and technical instruments company reported $0.07 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 net margin of 1.85% and a return on equity of 2.28%. As a group, equities analysts anticipate that Vishay Precision Group, Inc. will post 0.97 earnings per share for the current year.

Institutional Trading of Vishay Precision Group

A number of institutional investors have recently added to or reduced their stakes in VPG. Russell Investments Group Ltd. lifted its holdings in Vishay Precision Group by 826.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,112 shares of the scientific and technical instruments company’s stock worth $36,000 after purchasing an additional 992 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Vishay Precision Group by 1,180.0% during the 4th quarter. Farther Finance Advisors LLC now owns 1,024 shares of the scientific and technical instruments company’s stock worth $39,000 after purchasing an additional 944 shares in the last quarter. Strs Ohio bought a new stake in Vishay Precision Group during the 1st quarter worth approximately $39,000. Kestra Advisory Services LLC bought a new stake in Vishay Precision Group during the 4th quarter worth approximately $51,000. Finally, Optiver Holding B.V. increased its holdings in Vishay Precision Group by 1,195.3% during the 1st quarter. Optiver Holding B.V. now owns 1,373 shares of the scientific and technical instruments company’s stock worth $60,000 after acquiring an additional 1,267 shares during the period. Hedge funds and other institutional investors own 87.61% of the company’s stock.

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.