ValuEngine Upgrades Vishay Precision Group (NYSE:VPG) to Hold

ValuEngine upgraded shares of Vishay Precision Group (NYSE:VPG) from a sell rating to a hold rating in a report released on Thursday, ValuEngine reports.

Separately, B. Riley set a $53.00 price objective on Vishay Precision Group and gave the company a buy rating in a research note on Wednesday, May 8th.

NYSE VPG opened at $30.67 on Thursday. The business has a fifty day moving average price of $38.72 and a 200 day moving average price of $36.96. Vishay Precision Group has a one year low of $26.34 and a one year high of $45.00. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.12 and a current ratio of 4.39. The company has a market cap of $412.56 million, a P/E ratio of 14.96 and a beta of 1.02.

Vishay Precision Group (NYSE:VPG) last posted its quarterly earnings data on Tuesday, August 6th. The scientific and technical instruments company reported $0.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.07). Vishay Precision Group had a net margin of 8.26% and a return on equity of 13.16%. The firm had revenue of $70.90 million during the quarter, compared to analyst estimates of $73.71 million. During the same period in the prior year, the company posted $0.57 earnings per share. The firm’s revenue for the quarter was down 4.4% compared to the same quarter last year. As a group, sell-side analysts predict that Vishay Precision Group will post 1.84 EPS for the current fiscal year.

In other Vishay Precision Group news, Director Saul Reibstein sold 1,500 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $36.10, for a total value of $54,150.00. Following the completion of the sale, the director now directly owns 12,699 shares of the company’s stock, valued at approximately $458,433.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.14% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. increased its stake in shares of Vishay Precision Group by 3.1% in the 2nd quarter. BlackRock Inc. now owns 768,344 shares of the scientific and technical instruments company’s stock worth $31,218,000 after acquiring an additional 23,281 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Vishay Precision Group by 5.7% during the 2nd quarter. Renaissance Technologies LLC now owns 750,900 shares of the scientific and technical instruments company’s stock worth $30,509,000 after purchasing an additional 40,200 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Vishay Precision Group by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 526,625 shares of the scientific and technical instruments company’s stock worth $21,397,000 after purchasing an additional 6,547 shares during the last quarter. Royce & Associates LP increased its position in shares of Vishay Precision Group by 27.8% during the 1st quarter. Royce & Associates LP now owns 329,351 shares of the scientific and technical instruments company’s stock worth $11,267,000 after purchasing an additional 71,551 shares during the last quarter. Finally, Royal Bank of Canada increased its position in shares of Vishay Precision Group by 15.6% during the 2nd quarter. Royal Bank of Canada now owns 283,237 shares of the scientific and technical instruments company’s stock worth $11,508,000 after purchasing an additional 38,242 shares during the last quarter. 80.84% of the stock is owned by institutional investors and hedge funds.

Vishay Precision Group Company Profile

Vishay Precision Group, Inc designs, manufactures, and markets sensors, sensor-based measurement systems, specialty resistors, and strain gages in Asia, the United States, Israel, Europe, the United Kingdom, and Canada. It operates through three segments: Foil Technology Products, Force Sensors, and Weighing and Control Systems.

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