Hunter Associates Investment Management LLC Purchases New Holdings in Vishay Precision Group, Inc. $VPG

Hunter Associates Investment Management LLC purchased a new stake in Vishay Precision Group, Inc. (NYSE:VPG) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 63,588 shares of the scientific and technical instruments company’s stock, valued at approximately $2,459,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of VPG. Russell Investments Group Ltd. lifted its stake in 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 buying an additional 992 shares in the last quarter. Central Pacific Bank Trust Division purchased a new position in Vishay Precision Group in the 4th quarter valued at about $75,000. BNP Paribas Financial Markets lifted its stake in Vishay Precision Group by 85.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,332 shares of the scientific and technical instruments company’s stock valued at $75,000 after buying an additional 1,076 shares in the last quarter. State of Wyoming purchased a new position in Vishay Precision Group in the 2nd quarter valued at about $80,000. Finally, SG Americas Securities LLC purchased a new position in Vishay Precision Group in the 4th quarter valued at about $169,000. 87.61% of the stock is owned by hedge funds and other institutional investors.

Vishay Precision Group Stock Up 1.2%

Vishay Precision Group stock opened at $46.69 on Wednesday. Vishay Precision Group, Inc. has a fifty-two week low of $18.57 and a fifty-two week high of $56.25. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.97 and a current ratio of 4.47. The firm has a 50 day moving average price of $46.00 and a 200 day moving average price of $39.93. The company has a market capitalization of $620.98 million, a PE ratio of 116.73, a price-to-earnings-growth ratio of 2.95 and a beta of 0.89.

Vishay Precision Group (NYSE:VPG) last posted its earnings results on Wednesday, February 11th. The scientific and technical instruments company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.14). Vishay Precision Group had a net margin of 1.72% and a return on equity of 2.16%. The company had revenue of $80.57 million during the quarter, compared to analyst estimates of $78.08 million. Research analysts expect that Vishay Precision Group, Inc. will post 0.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on VPG shares. Zacks Research lowered shares of Vishay Precision Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 12th. Lake Street Capital set a $54.00 price target on shares of Vishay Precision Group and gave the company a “buy” rating in a research note on Thursday, February 12th. B. Riley Financial reaffirmed a “buy” rating and issued a $63.00 price target (up from $45.00) on shares of Vishay Precision Group in a research note on Tuesday, February 3rd. Wall Street Zen lowered shares of Vishay Precision Group from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, Weiss Ratings lowered shares of Vishay Precision Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 6th. Two research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $53.67.

Vishay Precision Group Company Profile

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.