Vishay Precision Group (NYSE:VPG) Reaches New 12-Month High – Still a Buy?

Vishay Precision Group, Inc. (NYSE:VPG) shares hit a new 52-week high on Wednesday . The company traded as high as $54.61 and last traded at $52.7990, with a volume of 501287 shares. The stock had previously closed at $50.64.

Analyst Ratings Changes

VPG has been the subject of several recent research reports. Weiss Ratings lowered shares of Vishay Precision Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, January 15th. B. Riley Financial reiterated a “buy” rating and set a $63.00 price objective (up previously from $45.00) on shares of Vishay Precision Group in a research note on Tuesday. Wall Street Zen downgraded Vishay Precision Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 22nd. Loop Capital set a $44.00 price target on Vishay Precision Group in a report on Thursday, December 18th. Finally, Lake Street Capital assumed coverage on Vishay Precision Group in a research report on Thursday, December 18th. They issued a “buy” rating and a $44.00 price target for the company. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $50.33.

Vishay Precision Group Stock Up 7.6%

The stock has a market cap of $743.68 million, a PE ratio of 93.33, a PEG ratio of 2.58 and a beta of 0.85. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.10 and a quick ratio of 2.71. The company has a 50 day moving average price of $41.44 and a two-hundred day moving average price of $34.81.

Vishay Precision Group (NYSE:VPG) last released its quarterly earnings data on Tuesday, November 4th. The scientific and technical instruments company reported $0.26 EPS 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 company had revenue of $79.73 million for the quarter, compared to analysts’ expectations of $76.63 million. Analysts expect that Vishay Precision Group, Inc. will post 0.9 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Bastion Asset Management Inc. raised its stake in Vishay Precision Group by 9.8% during the 4th quarter. Bastion Asset Management Inc. now owns 171,094 shares of the scientific and technical instruments company’s stock valued at $6,078,000 after buying an additional 15,296 shares during the last quarter. Handelsbanken Fonder AB grew its holdings in shares of Vishay Precision Group by 120.7% in 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 acquiring an additional 170,307 shares during the period. Simcoe Capital LLC purchased a new stake in Vishay Precision Group during the fourth quarter valued at $2,938,000. Cornerstone Investment Partners LLC bought a new position in Vishay Precision Group in the fourth quarter valued at about $229,000. Finally, Round Rock Advisors LLC boosted its position in Vishay Precision Group by 58.5% in the fourth quarter. Round Rock Advisors LLC now owns 17,131 shares of the scientific and technical instruments company’s stock worth $660,000 after purchasing an additional 6,321 shares during the last quarter. 87.61% of the stock is 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.