Vishay Precision Group (NYSE:VPG) Research Coverage Started at Lake Street Capital

Lake Street Capital assumed coverage on shares of Vishay Precision Group (NYSE:VPG) in a research note published on Thursday, Marketbeat reports. The brokerage issued a buy rating and a $44.00 price target on the scientific and technical instruments company’s stock.

Several other research firms have also weighed in on VPG. Weiss Ratings reissued a “hold (c-)” rating on shares of Vishay Precision Group in a research report on Monday, December 15th. Zacks Research cut Vishay Precision Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Finally, Wall Street Zen downgraded Vishay Precision Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 22nd. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Vishay Precision Group currently has an average rating of “Moderate Buy” and a consensus price target of $38.83.

Vishay Precision Group Stock Performance

NYSE:VPG opened at $38.73 on Thursday. 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 has a fifty-two week low of $18.57 and a fifty-two week high of $39.86. The company has a 50 day simple moving average of $35.35 and a two-hundred day simple moving average of $31.09. The company has a market capitalization of $514.39 million, a PE ratio of 64.56, a P/E/G ratio of 2.83 and a beta of 0.86.

Vishay Precision Group (NYSE:VPG) last posted its quarterly earnings data on Tuesday, November 4th. The scientific and technical instruments company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. The company had revenue of $79.73 million for the quarter, compared to analyst estimates of $76.63 million. Vishay Precision Group had a net margin of 2.65% and a return on equity of 2.02%. Research analysts anticipate that Vishay Precision Group will post 0.9 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of Vishay Precision Group by 2,638.2% during the second quarter. GAMMA Investing LLC now owns 931 shares of the scientific and technical instruments company’s stock valued at $26,000 after acquiring an additional 897 shares in the last quarter. Russell Investments Group Ltd. grew its position in Vishay Precision Group by 826.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,112 shares of the scientific and technical instruments company’s stock valued at $36,000 after purchasing an additional 992 shares during the period. BNP Paribas Financial Markets increased its stake in Vishay Precision Group by 85.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,332 shares of the scientific and technical instruments company’s stock valued at $75,000 after purchasing an additional 1,076 shares in the last quarter. State of Wyoming acquired a new position in Vishay Precision Group during the second quarter worth $80,000. Finally, Moody National Bank Trust Division bought a new position in shares of Vishay Precision Group in the third quarter valued at $225,000. 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.