Vishay Precision Group (NYSE:VPG) Hits New 52-Week High – Here’s Why

Vishay Precision Group, Inc. (NYSE:VPG)’s share price reached a new 52-week high on Friday . The stock traded as high as $38.91 and last traded at $38.5350, with a volume of 17774 shares trading hands. The stock had previously closed at $37.32.

Wall Street Analyst Weigh In

VPG has been the subject of several research analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Vishay Precision Group in a research note on Monday. Zacks Research downgraded shares of Vishay Precision Group from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Finally, Wall Street Zen cut shares of Vishay Precision Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 22nd. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $28.50.

Vishay Precision Group Stock Performance

The firm has a fifty day moving average of $34.01 and a 200 day moving average of $30.13. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.10 and a quick ratio of 2.71. The stock has a market capitalization of $507.26 million, a price-to-earnings ratio of 63.67, a price-to-earnings-growth ratio of 2.68 and a beta of 0.86.

Vishay Precision Group (NYSE:VPG) last released its quarterly earnings data on Tuesday, November 4th. The scientific and technical instruments company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.21 by $0.05. The business had revenue of $79.73 million for the quarter, compared to analyst estimates of $76.63 million. Vishay Precision Group had a return on equity of 2.02% and a net margin of 2.65%. On average, sell-side analysts anticipate that Vishay Precision Group, Inc. will post 0.9 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of VPG. Acuitas Investments LLC boosted its stake in shares of Vishay Precision Group by 1,319.6% during the 3rd quarter. Acuitas Investments LLC now owns 1,012,976 shares of the scientific and technical instruments company’s stock worth $32,466,000 after acquiring an additional 941,622 shares in the last quarter. Vanguard Group Inc. boosted its position in Vishay Precision Group by 2.7% during the third quarter. Vanguard Group Inc. now owns 937,553 shares of the scientific and technical instruments company’s stock worth $30,049,000 after purchasing an additional 24,235 shares in the last quarter. AIGH Capital Management LLC grew its holdings in Vishay Precision Group by 60.7% in the second quarter. AIGH Capital Management LLC now owns 423,484 shares of the scientific and technical instruments company’s stock valued at $11,900,000 after purchasing an additional 159,919 shares during the period. Harvey Partners LLC increased its position in shares of 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 valued at $11,923,000 after buying an additional 65,315 shares in the last quarter. Finally, Lord Abbett & CO. LLC raised its stake in shares of Vishay Precision Group by 18.8% during the 1st quarter. Lord Abbett & CO. LLC now owns 364,626 shares of the scientific and technical instruments company’s stock worth $8,784,000 after buying an additional 57,634 shares during the period. Institutional investors and hedge funds own 87.61% of the company’s stock.

About Vishay Precision Group

Vishay Precision Group, Inc designs, manufactures, and markets specialized sensors, weighing solutions, and measurement systems in the United States, Israel, the United Kingdom, rest of Europe, Asia, and Canada. It operates through three segments: Sensors, Weighing Solutions, and Measurement Systems.