Royce & Associates LP Reduces Stock Position in Vishay Precision Group, Inc. $VPG

Royce & Associates LP lessened its holdings in Vishay Precision Group, Inc. (NYSE:VPG) by 5.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 467,373 shares of the scientific and technical instruments company’s stock after selling 26,481 shares during the quarter. Royce & Associates LP’s holdings in Vishay Precision Group were worth $17,994,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC grew its holdings in shares of Vishay Precision Group by 1,180.0% during the fourth 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 during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Vishay Precision Group by 826.7% during the third 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 during the last quarter. Central Pacific Bank Trust Division purchased a new position in shares of Vishay Precision Group during the fourth quarter worth about $75,000. BNP Paribas Financial Markets grew its holdings in shares of Vishay Precision Group by 85.7% during the third quarter. BNP Paribas Financial Markets now owns 2,332 shares of the scientific and technical instruments company’s stock worth $75,000 after purchasing an additional 1,076 shares during the last quarter. Finally, State of Wyoming purchased a new position in shares of Vishay Precision Group during the second quarter worth about $80,000. Hedge funds and other institutional investors own 87.61% of the company’s stock.

Vishay Precision Group Price Performance

Shares of NYSE:VPG opened at $123.44 on Wednesday. The company has a quick ratio of 2.97, a current ratio of 4.47 and a debt-to-equity ratio of 0.06. The company has a market cap of $1.64 billion, a P/E ratio of 274.32, a PEG ratio of 5.83 and a beta of 1.13. Vishay Precision Group, Inc. has a 52 week low of $24.89 and a 52 week high of $124.40. The company has a 50-day moving average price of $62.43 and a 200 day moving average price of $48.77.

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

Wall Street Analyst Weigh In

VPG has been the topic of several research reports. B. Riley Financial raised their price objective on Vishay Precision Group from $63.00 to $109.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Wall Street Zen raised Vishay Precision Group from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Lake Street Capital raised their price objective on Vishay Precision Group from $54.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Weiss Ratings raised Vishay Precision Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Finally, Zacks Research raised Vishay Precision Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. One equities 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 stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $83.67.

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.