Vishay Precision Group (NYSE:VPG) Sets New 52-Week High – Still a Buy?

Vishay Precision Group, Inc. (NYSE:VPG)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $40.60 and last traded at $40.25, with a volume of 27246 shares. The stock had previously closed at $39.28.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Lake Street Capital began coverage on Vishay Precision Group in a research report on Thursday, December 18th. They set a “buy” rating and a $44.00 price objective on the stock. Loop Capital set a $44.00 price target on Vishay Precision Group in a report on Thursday, December 18th. Wall Street Zen downgraded Vishay Precision Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 22nd. Zacks Research lowered Vishay Precision Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Vishay Precision Group in a research note on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $38.83.

Vishay Precision Group Stock Up 2.4%

The company has a market capitalization of $534.06 million, a P/E ratio of 67.03, a PEG ratio of 1.88 and a beta of 0.83. The company has a 50 day simple moving average of $36.07 and a two-hundred day simple moving average of $31.99. 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 (NYSE:VPG) last posted its quarterly earnings data on Tuesday, November 4th. The scientific and technical instruments company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. The company had revenue of $79.73 million during the quarter, compared to analysts’ expectations of $76.63 million. Vishay Precision Group had a return on equity of 2.02% and a net margin of 2.65%. As a group, equities analysts predict that Vishay Precision Group, Inc. will post 0.9 EPS for the current year.

Hedge Funds Weigh In On Vishay Precision Group

Large investors have recently bought and sold shares of the business. Acuitas Investments LLC lifted its stake in shares of Vishay Precision Group by 20.9% during the 3rd quarter. Acuitas Investments LLC now owns 86,281 shares of the scientific and technical instruments company’s stock worth $2,765,000 after purchasing an additional 14,927 shares during the last quarter. Harvey Partners LLC raised its holdings in 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 in the last quarter. CSM Advisors LLC raised its holdings in Vishay Precision Group by 4.9% in the third quarter. CSM Advisors LLC now owns 207,745 shares of the scientific and technical instruments company’s stock worth $6,659,000 after purchasing an additional 9,655 shares in the last quarter. Two Sigma Investments LP lifted its position in shares of Vishay Precision Group by 23.2% during the third quarter. Two Sigma Investments LP now owns 37,513 shares of the scientific and technical instruments company’s stock valued at $1,202,000 after buying an additional 7,075 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in Vishay Precision Group in the third quarter valued at approximately $720,000. 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.