Granite Investment Partners LLC Makes New $235,000 Investment in Vishay Precision Group, Inc. $VPG

Granite Investment Partners LLC purchased a new stake in Vishay Precision Group, Inc. (NYSE:VPG) in the 1st quarter, according to 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.

Other hedge funds have also recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Vishay Precision Group in the fourth quarter worth $9,822,000. T. Rowe Price Investment Management Inc. purchased a new position in Vishay Precision Group during the fourth quarter worth about $9,732,000. Handelsbanken Fonder AB grew its position in Vishay Precision Group by 120.7% during the fourth quarter. Handelsbanken Fonder AB now owns 311,377 shares of the scientific and technical instruments company’s stock worth $11,988,000 after buying an additional 170,307 shares in the last quarter. Simcoe Capital LLC bought a new position in Vishay Precision Group in the 4th quarter worth about $2,938,000. Finally, Deutsche Bank AG increased its stake in Vishay Precision Group by 673.5% in the 4th quarter. Deutsche Bank AG now owns 79,646 shares of the scientific and technical instruments company’s stock worth $3,066,000 after acquiring an additional 69,349 shares during the last quarter. 87.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Vishay Precision Group Trading Up 5.1%

Shares of VPG opened at $113.47 on Friday. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 252.16, a PEG ratio of 5.54 and a beta of 1.43. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.97 and a current ratio of 4.47. Vishay Precision Group, Inc. has a fifty-two week low of $25.58 and a fifty-two week high of $151.78. The firm has a 50 day moving average price of $114.90 and a 200-day moving average price of $70.22.

Vishay Precision Group (NYSE:VPG) last announced its quarterly earnings data 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 analysts’ expectations 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 research analysts forecast that Vishay Precision Group, Inc. will post 0.97 earnings per share for the current year.

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.