Vishay Precision Group (NYSE:VPG) Hits New 52-Week High – Time to Buy?

Vishay Precision Group, Inc. (NYSE:VPG)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $151.00 and last traded at $148.8970, with a volume of 96001 shares trading hands. The stock had previously closed at $142.09.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on VPG shares. Weiss Ratings raised Vishay Precision Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, June 23rd. Wall Street Zen raised shares of Vishay Precision Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. B. Riley Financial raised their target price on shares of Vishay Precision Group from $63.00 to $109.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Zacks Research raised shares of Vishay Precision Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, May 14th. Finally, Lake Street Capital boosted their price target on shares of Vishay Precision Group from $54.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Vishay Precision Group currently has an average rating of “Buy” and an average price target of $83.67.

Vishay Precision Group Price Performance

The company has a market cap of $1.95 billion, a PE ratio of 326.33, a price-to-earnings-growth ratio of 6.55 and a beta of 1.45. The stock has a fifty day moving average price of $104.13 and a 200-day moving average price of $65.40. 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 (NYSE:VPG) last issued its quarterly earnings results on Tuesday, May 12th. The scientific and technical instruments company reported $0.07 earnings per share for the quarter. The business had revenue of $84.35 million for the quarter, compared to the consensus estimate of $77.08 million. Vishay Precision Group had a return on equity of 2.28% and a net margin of 1.85%. On average, equities analysts expect that Vishay Precision Group, Inc. will post 0.97 earnings per share for the current year.

Hedge Funds Weigh In On Vishay Precision Group

Several institutional investors and hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. increased its holdings in shares of Vishay Precision Group by 826.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,112 shares of the scientific and technical instruments company’s stock valued at $36,000 after purchasing an additional 992 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Vishay Precision Group by 1,180.0% during the fourth quarter. Farther Finance Advisors LLC now owns 1,024 shares of the scientific and technical instruments company’s stock worth $39,000 after purchasing an additional 944 shares during the period. Strs Ohio acquired a new stake in shares of Vishay Precision Group during the first quarter worth approximately $39,000. Kestra Advisory Services LLC acquired a new stake in shares of Vishay Precision Group during the fourth quarter worth approximately $51,000. Finally, Optiver Holding B.V. grew its position in Vishay Precision Group by 1,195.3% during the first quarter. Optiver Holding B.V. now owns 1,373 shares of the scientific and technical instruments company’s stock valued at $60,000 after purchasing an additional 1,267 shares in the last quarter. Hedge funds and other institutional investors own 87.61% of the company’s stock.

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.