Vishay Precision Group Inc (NYSE:VPG) Given Consensus Rating of “Strong Buy” by Brokerages

Vishay Precision Group Inc (NYSE:VPG) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Analysts have set a 1 year consensus price target of $53.00 for the company and are anticipating that the company will post $0.47 earnings per share for the current quarter, according to Zacks. Zacks has also given Vishay Precision Group an industry rank of 93 out of 256 based on the ratings given to related companies.

Separately, B. Riley set a $53.00 target price on shares of Vishay Precision Group and gave the stock a “buy” rating in a research note on Wednesday, May 8th.

In other news, Director Timothy Talbert sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $40.00, for a total transaction of $80,000.00. Following the completion of the sale, the director now owns 12,896 shares in the company, valued at approximately $515,840. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Saul Reibstein sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $36.10, for a total transaction of $54,150.00. Following the sale, the director now owns 12,699 shares of the company’s stock, valued at approximately $458,433.90. The disclosure for this sale can be found here. Company insiders own 6.14% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Globeflex Capital L P acquired a new stake in Vishay Precision Group in the 4th quarter valued at approximately $68,000. BNP Paribas Arbitrage SA increased its holdings in Vishay Precision Group by 3,279.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,163 shares of the scientific and technical instruments company’s stock valued at $74,000 after purchasing an additional 2,099 shares during the last quarter. Macquarie Group Ltd. increased its holdings in Vishay Precision Group by 31.0% in the 4th quarter. Macquarie Group Ltd. now owns 2,536 shares of the scientific and technical instruments company’s stock valued at $77,000 after purchasing an additional 600 shares during the last quarter. Citigroup Inc. increased its holdings in Vishay Precision Group by 18.9% in the 4th quarter. Citigroup Inc. now owns 3,215 shares of the scientific and technical instruments company’s stock valued at $97,000 after purchasing an additional 511 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its holdings in Vishay Precision Group by 365.1% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 3,679 shares of the scientific and technical instruments company’s stock valued at $111,000 after purchasing an additional 2,888 shares during the last quarter. Institutional investors and hedge funds own 80.96% of the company’s stock.

Shares of VPG stock traded up $1.46 during mid-day trading on Friday, hitting $40.38. 1,215 shares of the stock were exchanged, compared to its average volume of 50,873. The stock’s fifty day moving average price is $38.14. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.88 and a current ratio of 4.04. Vishay Precision Group has a 52-week low of $26.34 and a 52-week high of $45.00. The company has a market capitalization of $512.28 million, a P/E ratio of 19.62 and a beta of 1.01.

Vishay Precision Group (NYSE:VPG) last issued its quarterly earnings results on Tuesday, May 7th. The scientific and technical instruments company reported $0.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.09. The firm had revenue of $76.50 million for the quarter, compared to analyst estimates of $75.77 million. Vishay Precision Group had a net margin of 8.87% and a return on equity of 14.31%. Vishay Precision Group’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the company posted $0.37 EPS. On average, equities research analysts anticipate that Vishay Precision Group will post 2.23 EPS for the current fiscal year.

Vishay Precision Group Company Profile

Vishay Precision Group, Inc designs, manufactures, and markets sensors, sensor-based measurement systems, specialty resistors, and strain gages in Asia, the United States, Israel, Europe, the United Kingdom, and Canada. It operates through three segments: Foil Technology Products, Force Sensors, and Weighing and Control Systems.

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