Vishay Precision Group (VPG) Hits New 1-Year High on Strong Earnings

Vishay Precision Group Inc (NYSE:VPG)’s share price reached a new 52-week high during mid-day trading on Thursday following a better than expected earnings announcement. The stock traded as high as $29.26 and last traded at $29.40, with a volume of 105878 shares trading hands. The stock had previously closed at $27.80.

The scientific and technical instruments company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.08. The company had revenue of $69.40 million for the quarter, compared to analyst estimates of $63.92 million. Vishay Precision Group had a net margin of 5.35% and a return on equity of 7.52%. Vishay Precision Group’s revenue was up 24.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.26 EPS.

Several research firms have weighed in on VPG. B. Riley boosted their target price on shares of Vishay Precision Group from $31.00 to $34.00 and gave the company a “buy” rating in a report on Thursday. ValuEngine lowered shares of Vishay Precision Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th.

Several institutional investors have recently added to or reduced their stakes in VPG. SG Americas Securities LLC purchased a new stake in shares of Vishay Precision Group in the 4th quarter valued at approximately $131,000. MetLife Investment Advisors LLC purchased a new stake in shares of Vishay Precision Group in the 4th quarter valued at approximately $132,000. Wells Fargo & Company MN raised its stake in shares of Vishay Precision Group by 10.4% in the 2nd quarter. Wells Fargo & Company MN now owns 8,435 shares of the scientific and technical instruments company’s stock valued at $146,000 after acquiring an additional 794 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Vishay Precision Group by 1,650.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,965 shares of the scientific and technical instruments company’s stock valued at $175,000 after acquiring an additional 6,567 shares during the period. Finally, Parametric Portfolio Associates LLC purchased a new stake in shares of Vishay Precision Group in the 2nd quarter valued at approximately $187,000. 81.81% of the stock is currently owned by institutional investors and hedge funds.

The stock has a market capitalization of $392.10, a P/E ratio of 30.73, a PEG ratio of 1.06 and a beta of 1.01. The company has a current ratio of 3.92, a quick ratio of 2.65 and a debt-to-equity ratio of 0.16.

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About Vishay Precision Group

Vishay Precision Group, Inc (VPG) is a designer, manufacturer and marketer of sensors and sensor-based measurement systems, as well as specialty resistors and strain gages. The Company operates through three business segments: Foil Technology Products, Force Sensors, and Weighing and Control Systems.

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