Vishay Precision Group, Inc. (NYSE:VPG) posted its quarterly earnings results on Tuesday. The scientific and technical instruments company reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.05, Bloomberg Earnings reports. Vishay Precision Group had a net margin of 3.47% and a return on equity of 6.19%. The company had revenue of $62.30 million during the quarter, compared to the consensus estimate of $60.19 million. During the same period last year, the firm earned $0.15 EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis.
Shares of Vishay Precision Group (VPG) traded up 8.73% on Tuesday, hitting $18.05. 54,437 shares of the stock were exchanged. Vishay Precision Group has a one year low of $11.75 and a one year high of $19.44. The firm’s 50-day moving average is $17.45 and its 200-day moving average is $16.89. The company has a market cap of $238.57 million, a P/E ratio of 30.54 and a beta of 0.95.
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Hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. acquired a new stake in Vishay Precision Group during the fourth quarter valued at approximately $419,000. State Street Corp raised its stake in Vishay Precision Group by 9.5% in the fourth quarter. State Street Corp now owns 235,790 shares of the scientific and technical instruments company’s stock valued at $4,458,000 after buying an additional 20,409 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its stake in Vishay Precision Group by 852.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 9,507 shares of the scientific and technical instruments company’s stock valued at $180,000 after buying an additional 8,509 shares in the last quarter. LSV Asset Management raised its stake in Vishay Precision Group by 6.9% in the first quarter. LSV Asset Management now owns 475,212 shares of the scientific and technical instruments company’s stock valued at $7,508,000 after buying an additional 30,772 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Vishay Precision Group by 1.0% in the first quarter. Bank of New York Mellon Corp now owns 77,906 shares of the scientific and technical instruments company’s stock valued at $1,231,000 after buying an additional 762 shares in the last quarter. 87.33% of the stock is owned by institutional investors and hedge funds.
Separately, B. Riley reissued a “buy” rating and set a $22.00 price objective on shares of Vishay Precision Group in a research note on Saturday, May 13th.
About Vishay Precision Group
Vishay Precision Group, Inc (VPG) is a designer, manufacturer and marketer of sensors and sensor-based measurement systems, as well as specialty resistors and strain gages. The Company operates through three business segments: Foil Technology Products, Force Sensors, and Weighing and Control Systems.
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