Vishay Precision Group Inc (VPG) Given Average Recommendation of “Buy” by Analysts
Shares of Vishay Precision Group Inc (NYSE:VPG) have been given an average broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company.
Analysts have set a one year consensus target price of $44.00 for the company and are expecting that the company will post $0.39 EPS for the current quarter, according to Zacks. Zacks has also assigned Vishay Precision Group an industry rank of 50 out of 255 based on the ratings given to related companies.
Several research analysts have commented on VPG shares. B. Riley restated a “buy” rating and set a $53.00 price objective (up from $40.00) on shares of Vishay Precision Group in a research report on Monday, August 6th. ValuEngine downgraded shares of Vishay Precision Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 8th.
Vishay Precision Group (NYSE:VPG) last announced its quarterly earnings data on Tuesday, August 7th. The scientific and technical instruments company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.44 by $0.13. Vishay Precision Group had a net margin of 7.66% and a return on equity of 10.93%. The business had revenue of $74.23 million during the quarter, compared to the consensus estimate of $73.53 million. During the same period in the previous year, the business earned $0.29 earnings per share. analysts expect that Vishay Precision Group will post 1.73 earnings per share for the current fiscal year.
In other Vishay Precision Group news, CFO William M. Clancy sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 23rd. The shares were sold at an average price of $35.45, for a total transaction of $354,500.00. Following the completion of the transaction, the chief financial officer now directly owns 29,575 shares in the company, valued at $1,048,433.75. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Janet M. Clarke sold 820 shares of the business’s stock in a transaction that occurred on Friday, June 1st. The shares were sold at an average price of $36.85, for a total transaction of $30,217.00. Following the transaction, the director now owns 7,255 shares of the company’s stock, valued at $267,346.75. The disclosure for this sale can be found here. 6.49% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Millennium Management LLC increased its holdings in shares of Vishay Precision Group by 91.6% during the fourth quarter. Millennium Management LLC now owns 322,942 shares of the scientific and technical instruments company’s stock worth $8,122,000 after buying an additional 154,400 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Vishay Precision Group by 660.1% during the first quarter. Russell Investments Group Ltd. now owns 176,777 shares of the scientific and technical instruments company’s stock worth $5,507,000 after buying an additional 153,521 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of Vishay Precision Group during the second quarter worth $5,366,000. Boston Advisors LLC acquired a new position in shares of Vishay Precision Group during the second quarter worth $4,539,000. Finally, Lord Abbett & CO. LLC increased its holdings in shares of Vishay Precision Group by 34.0% during the first quarter. Lord Abbett & CO. LLC now owns 294,906 shares of the scientific and technical instruments company’s stock worth $9,186,000 after buying an additional 74,893 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.
About Vishay Precision Group
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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