Simcoe Capital LLC Takes Position in Vishay Precision Group, Inc. $VPG

Simcoe Capital LLC acquired a new stake in Vishay Precision Group, Inc. (NYSE:VPG) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 76,312 shares of the scientific and technical instruments company’s stock, valued at approximately $2,938,000. Vishay Precision Group accounts for about 2.8% of Simcoe Capital LLC’s portfolio, making the stock its 21st biggest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VPG. Russell Investments Group Ltd. raised its holdings in shares of Vishay Precision Group by 826.7% in the third quarter. Russell Investments Group Ltd. now owns 1,112 shares of the scientific and technical instruments company’s stock valued at $36,000 after purchasing an additional 992 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Vishay Precision Group by 1,180.0% in the fourth quarter. Farther Finance Advisors LLC now owns 1,024 shares of the scientific and technical instruments company’s stock valued at $39,000 after purchasing an additional 944 shares during the last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of Vishay Precision Group in the fourth quarter valued at approximately $75,000. BNP Paribas Financial Markets raised its holdings in shares of Vishay Precision Group by 85.7% in the third quarter. BNP Paribas Financial Markets now owns 2,332 shares of the scientific and technical instruments company’s stock valued at $75,000 after purchasing an additional 1,076 shares during the last quarter. Finally, State of Wyoming acquired a new stake in shares of Vishay Precision Group in the second quarter valued at approximately $80,000. 87.61% of the stock is currently owned by institutional investors and hedge funds.

Vishay Precision Group Price Performance

Shares of VPG opened at $85.88 on Wednesday. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 214.69, a PEG ratio of 4.38 and a beta of 1.13. Vishay Precision Group, Inc. has a 1-year low of $24.89 and a 1-year high of $87.88. The company’s fifty day simple moving average is $50.22 and its 200 day simple moving average is $43.93. 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 issued its earnings results on Tuesday, May 12th. The scientific and technical instruments company reported $0.07 earnings per share for the quarter. The business had revenue of $84.35 million for the quarter, compared to the consensus estimate of $77.08 million. Vishay Precision Group had a net margin of 1.72% and a return on equity of 2.16%. On average, research analysts forecast that Vishay Precision Group, Inc. will post 0.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. B. Riley Financial reiterated a “buy” rating and issued a $63.00 price objective (up from $45.00) on shares of Vishay Precision Group in a report on Tuesday, February 3rd. Weiss Ratings downgraded shares of Vishay Precision Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 6th. Zacks Research upgraded shares of Vishay Precision Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Wall Street Zen downgraded shares of Vishay Precision Group from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Finally, Lake Street Capital set a $54.00 target price on shares of Vishay Precision Group and gave the stock a “buy” rating in a report on Thursday, February 12th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $53.67.

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.