Vishay Precision Group (NYSE:VPG) Sets New 52-Week High – Still a Buy?

Vishay Precision Group, Inc. (NYSE:VPG)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $40.60 and last traded at $40.25, with a volume of 27246 shares traded. The stock had previously closed at $39.28.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Wall Street Zen lowered Vishay Precision Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 22nd. Weiss Ratings restated a “hold (c-)” rating on shares of Vishay Precision Group in a research note on Monday, December 29th. Zacks Research cut Vishay Precision Group from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Loop Capital set a $44.00 price objective on Vishay Precision Group in a report on Thursday, December 18th. Finally, Lake Street Capital initiated coverage on shares of Vishay Precision Group in a research note on Thursday, December 18th. They issued a “buy” rating and a $44.00 target price on the stock. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $38.83.

Vishay Precision Group Stock Performance

The business has a 50 day moving average price of $36.07 and a two-hundred day moving average price of $31.99. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.71 and a current ratio of 4.10. The company has a market cap of $534.06 million, a P/E ratio of 67.03, a price-to-earnings-growth ratio of 1.88 and a beta of 0.83.

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

Hedge Funds Weigh In On Vishay Precision Group

Several large investors have recently made changes to their positions in VPG. Wealth Enhancement Advisory Services LLC bought a new position in Vishay Precision Group during the 2nd quarter valued at about $225,000. Handelsbanken Fonder AB bought a new position in shares of Vishay Precision Group in the 2nd quarter worth approximately $255,000. Acadian Asset Management LLC boosted its holdings in shares of Vishay Precision Group by 10.2% in the first quarter. Acadian Asset Management LLC now owns 253,393 shares of the scientific and technical instruments company’s stock worth $6,103,000 after buying an additional 23,365 shares during the last quarter. Corient Private Wealth LLC purchased a new stake in Vishay Precision Group during the second quarter valued at approximately $896,000. Finally, Segall Bryant & Hamill LLC bought a new position in Vishay Precision Group in the second quarter worth approximately $4,689,000. 87.61% of the stock is currently owned by hedge funds and other institutional investors.

About Vishay Precision Group

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.