Vishay Precision Group (NYSE:VPG) Sets New 1-Year High – What’s Next?

Shares of Vishay Precision Group, Inc. (NYSE:VPG) hit a new 52-week high on Tuesday . The company traded as high as $56.25 and last traded at $55.07, with a volume of 410395 shares changing hands. The stock had previously closed at $55.98.

Analysts Set New Price Targets

VPG has been the subject of several recent research reports. 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. B. Riley Financial reissued a “buy” rating and set a $63.00 price objective (up from $45.00) on shares of Vishay Precision Group in a research note on Tuesday, February 3rd. Lake Street Capital assumed coverage on Vishay Precision Group in a research report on Thursday, December 18th. They set a “buy” rating and a $44.00 price objective for the company. Loop Capital set a $44.00 target price on Vishay Precision Group in a report on Thursday, December 18th. Finally, Weiss Ratings downgraded Vishay Precision Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, January 15th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Vishay Precision Group has a consensus rating of “Hold” and a consensus target price of $50.33.

Vishay Precision Group Stock Down 1.6%

The firm’s 50 day moving average is $42.29 and its 200-day moving average is $35.30. The firm has a market cap of $731.33 million, a PE ratio of 91.78, a P/E/G ratio of 2.68 and a beta of 0.84. The company has a quick ratio of 2.71, a current ratio of 4.10 and a debt-to-equity ratio of 0.06.

Institutional Investors Weigh In On Vishay Precision Group

A number of hedge funds and other institutional investors have recently made changes to their positions in VPG. Connors Investor Services Inc. purchased a new position in Vishay Precision Group during the fourth quarter worth about $220,000. Bastion Asset Management Inc. increased its stake in shares of 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 acquiring an additional 15,296 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of Vishay Precision Group by 120.7% during the 4th 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 position in shares of Vishay Precision Group during the 4th quarter worth about $2,938,000. Finally, Cornerstone Investment Partners LLC acquired a new stake in shares of Vishay Precision Group in the fourth quarter worth approximately $229,000. 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.