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

Vishay Precision Group, Inc. (NYSE:VPG) hit a new 52-week high during trading on Tuesday . The company traded as high as $42.30 and last traded at $41.8650, with a volume of 14240 shares trading hands. The stock had previously closed at $41.55.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on VPG shares. Zacks Research cut Vishay Precision Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Loop Capital set a $44.00 price target on shares of Vishay Precision Group in a research report on Thursday, December 18th. Wall Street Zen downgraded shares of Vishay Precision Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 22nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Vishay Precision Group in a report on Monday, December 29th. Finally, Lake Street Capital assumed coverage on Vishay Precision Group in a report on Thursday, December 18th. They issued a “buy” rating and a $44.00 price target for the company. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $38.83.

Vishay Precision Group Price Performance

The business has a 50 day simple moving average of $36.68 and a two-hundred day simple moving average of $32.74. The firm has a market capitalization of $579.34 million, a P/E ratio of 72.71, a price-to-earnings-growth ratio of 1.99 and a beta of 0.83. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.71 and a current ratio of 4.10.

Vishay Precision Group (NYSE:VPG) last issued its quarterly earnings data on Tuesday, November 4th. The scientific and technical instruments company reported $0.26 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $76.63 million. On average, sell-side analysts expect that Vishay Precision Group, Inc. will post 0.9 EPS for the current fiscal year.

Institutional Investors Weigh In On Vishay Precision Group

A number of large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in shares of Vishay Precision Group by 2,638.2% during the 2nd quarter. GAMMA Investing LLC now owns 931 shares of the scientific and technical instruments company’s stock valued at $26,000 after purchasing an additional 897 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Vishay Precision Group by 826.7% in the third quarter. Russell Investments Group Ltd. now owns 1,112 shares of the scientific and technical instruments company’s stock worth $36,000 after buying an additional 992 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in Vishay Precision Group in the fourth quarter worth approximately $75,000. BNP Paribas Financial Markets grew its position in Vishay Precision Group by 85.7% during the third quarter. BNP Paribas Financial Markets now owns 2,332 shares of the scientific and technical instruments company’s stock valued at $75,000 after acquiring an additional 1,076 shares during the last quarter. Finally, State of Wyoming purchased a new position in shares of Vishay Precision Group during the second quarter worth approximately $80,000. Hedge funds and other institutional investors own 87.61% of the company’s stock.

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.