Vishay Precision Group, Inc. $VPG Shares Sold by Royce & Associates LP

Royce & Associates LP trimmed its position in shares of Vishay Precision Group, Inc. (NYSE:VPG) by 5.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 467,373 shares of the scientific and technical instruments company’s stock after selling 26,481 shares during the period. Royce & Associates LP owned approximately 3.52% of Vishay Precision Group worth $17,994,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in VPG. Acuitas Investments LLC lifted its stake in Vishay Precision Group by 1,319.6% during the third quarter. Acuitas Investments LLC now owns 1,012,976 shares of the scientific and technical instruments company’s stock worth $32,466,000 after purchasing an additional 941,622 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in Vishay Precision Group by 120.7% during the fourth quarter. Handelsbanken Fonder AB now owns 311,377 shares of the scientific and technical instruments company’s stock worth $11,988,000 after purchasing an additional 170,307 shares in the last quarter. Bastion Asset Management Inc. acquired a new position in Vishay Precision Group during the third quarter worth $4,904,000. Simcoe Capital LLC acquired a new position in Vishay Precision Group during the fourth quarter worth $2,938,000. Finally, Harvey Partners LLC lifted its stake in Vishay Precision Group by 21.3% during the third quarter. Harvey Partners LLC now owns 372,000 shares of the scientific and technical instruments company’s stock worth $11,923,000 after purchasing an additional 65,315 shares in the last quarter. 87.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on VPG. Lake Street Capital upped their price target on Vishay Precision Group from $54.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Zacks Research upgraded Vishay Precision Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 14th. B. Riley Financial lifted their target price on Vishay Precision Group from $63.00 to $109.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Wall Street Zen upgraded Vishay Precision Group from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Weiss Ratings upgraded Vishay Precision Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $83.67.

Vishay Precision Group Stock Performance

NYSE:VPG opened at $123.44 on Wednesday. The firm has a market capitalization of $1.64 billion, a PE ratio of 274.32, a price-to-earnings-growth ratio of 5.83 and a beta of 1.13. The business’s fifty day moving average price is $62.43 and its 200 day moving average price is $48.77. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.47 and a quick ratio of 2.97. Vishay Precision Group, Inc. has a 12 month low of $24.89 and a 12 month high of $124.40.

Vishay Precision Group (NYSE:VPG) last posted its earnings results on Tuesday, May 12th. The scientific and technical instruments company reported $0.07 EPS for the quarter. The firm had revenue of $84.35 million for the quarter, compared to analyst estimates of $77.08 million. Vishay Precision Group had a return on equity of 2.28% and a net margin of 1.85%. On average, sell-side analysts anticipate that Vishay Precision Group, Inc. will post 0.97 earnings per share for the current fiscal year.

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.