Vishay Precision Group Inc (NYSE:VPG) Receives Average Recommendation of “Strong Buy” from Analysts

Shares of Vishay Precision Group Inc (NYSE:VPG) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Brokerages have set a 12-month consensus price objective of $53.00 for the company and are anticipating that the company will post $0.47 EPS for the current quarter, according to Zacks. Zacks has also assigned Vishay Precision Group an industry rank of 108 out of 256 based on the ratings given to related companies.

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

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 sale, the director now directly owns 12,699 shares in the company, valued at $458,433.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Timothy Talbert sold 2,000 shares of the firm’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $40.00, for a total value of $80,000.00. Following the completion of the sale, the director now owns 12,896 shares in the company, valued at $515,840. The disclosure for this sale can be found here. Company insiders own 6.14% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Marshall Wace North America L.P. bought a new stake in Vishay Precision Group in the first quarter valued at $150,000. Marshall Wace LLP raised its stake in shares of Vishay Precision Group by 18.4% during the first quarter. Marshall Wace LLP now owns 54,571 shares of the scientific and technical instruments company’s stock valued at $1,867,000 after purchasing an additional 8,495 shares in the last quarter. SEI Investments Co raised its stake in shares of Vishay Precision Group by 14.2% during the first quarter. SEI Investments Co now owns 8,738 shares of the scientific and technical instruments company’s stock valued at $299,000 after purchasing an additional 1,087 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Vishay Precision Group by 24.3% during the first quarter. Goldman Sachs Group Inc. now owns 229,305 shares of the scientific and technical instruments company’s stock valued at $7,844,000 after purchasing an additional 44,775 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Vishay Precision Group by 10.0% during the first quarter. Geode Capital Management LLC now owns 131,684 shares of the scientific and technical instruments company’s stock valued at $4,504,000 after purchasing an additional 11,958 shares in the last quarter. Institutional investors own 81.14% of the company’s stock.

VPG traded down $0.62 during trading hours on Friday, hitting $37.02. 40,696 shares of the stock were exchanged, compared to its average volume of 54,691. Vishay Precision Group has a 12 month low of $26.34 and a 12 month high of $45.00. The stock has a market capitalization of $508.63 million, a PE ratio of 18.06 and a beta of 1.01. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.04 and a quick ratio of 2.88.

Vishay Precision Group (NYSE:VPG) last announced its quarterly earnings data on Tuesday, May 7th. The scientific and technical instruments company reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.09. Vishay Precision Group had a return on equity of 14.31% and a net margin of 8.87%. The firm had revenue of $76.50 million for the quarter, compared to analysts’ expectations of $75.77 million. During the same period last year, the business posted $0.37 earnings per share. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, research analysts anticipate that Vishay Precision Group will post 2.23 earnings per share for the current fiscal year.

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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