Bastion Asset Management Inc. Buys 15,296 Shares of Vishay Precision Group, Inc. $VPG

Bastion Asset Management Inc. lifted its stake in shares of Vishay Precision Group, Inc. (NYSE:VPG) by 9.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 171,094 shares of the scientific and technical instruments company’s stock after acquiring an additional 15,296 shares during the quarter. Vishay Precision Group comprises approximately 3.4% of Bastion Asset Management Inc.’s holdings, making the stock its 14th largest position. Bastion Asset Management Inc.’s holdings in Vishay Precision Group were worth $6,078,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Handelsbanken Fonder AB boosted its stake in Vishay Precision Group by 1,456.2% during the 3rd quarter. Handelsbanken Fonder AB now owns 141,070 shares of the scientific and technical instruments company’s stock valued at $4,521,000 after purchasing an additional 132,005 shares during the period. Acuitas Investments LLC boosted its stake in Vishay Precision Group by 1,319.6% during the 3rd quarter. Acuitas Investments LLC now owns 1,012,976 shares of the scientific and technical instruments company’s stock valued at $32,466,000 after purchasing an additional 941,622 shares during the period. First Eagle Investment Management LLC boosted its stake in Vishay Precision Group by 10.5% during the 3rd quarter. First Eagle Investment Management LLC now owns 247,192 shares of the scientific and technical instruments company’s stock valued at $7,923,000 after purchasing an additional 23,550 shares during the period. Teton Advisors LLC bought a new stake in Vishay Precision Group during the 3rd quarter valued at approximately $963,000. Finally, Harvey Partners LLC boosted its stake in Vishay Precision Group by 21.3% during the 3rd quarter. Harvey Partners LLC now owns 372,000 shares of the scientific and technical instruments company’s stock valued at $11,923,000 after purchasing an additional 65,315 shares during the period. Institutional investors own 87.61% of the company’s stock.

Vishay Precision Group Trading Down 6.8%

Shares of VPG opened at $98.02 on Wednesday. Vishay Precision Group, Inc. has a 1 year low of $24.89 and a 1 year high of $108.00. The company has a current ratio of 4.47, a quick ratio of 2.97 and a debt-to-equity ratio of 0.06. The stock has a 50 day simple moving average of $55.61 and a 200-day simple moving average of $46.16. The stock has a market cap of $1.30 billion, a PE ratio of 217.82, a PEG ratio of 5.40 and a beta of 1.13.

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

Analyst Ratings Changes

Several analysts recently weighed in on VPG shares. B. Riley Financial increased their target price on Vishay Precision Group from $63.00 to $109.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Wall Street Zen upgraded Vishay Precision Group from a “hold” rating to a “buy” rating in a research note on Saturday. Zacks Research upgraded Vishay Precision Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, May 14th. Weiss Ratings upgraded Vishay Precision Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Finally, Lake Street Capital increased their target price on Vishay Precision Group from $54.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. One equities research 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.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $83.67.

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.