Barrow Hanley Mewhinney & Strauss LLC Buys Shares of 465,903 Vishay Precision Group, Inc. $VPG

Key Points

• Barrow Hanley Mewhinney & Strauss LLC acquired 465,903 shares of Vishay Precision Group, valued at approximately $69.8 million, giving it a 3.5% stake. Institutional investors collectively own 87.61% of the company.
• Vishay Precision Group reported quarterly EPS of $0.04, missing the $0.19 consensus estimate, while revenue of $83.94 million also fell short of expectations. Analysts expect full-year EPS of $0.59.
• Analyst sentiment is mixed, with a consensus rating of Hold and an average price target of $82.33; recent ratings ranged from Buy to Sell.

Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Vishay Precision Group, Inc. (NYSE:VPG - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 465,903 shares of the scientific and technical instruments company's stock, valued at approximately $69,844,000. Barrow Hanley Mewhinney & Strauss LLC owned 3.50% of Vishay Precision Group as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quantinno Capital Management LP increased its holdings in Vishay Precision Group by 0.9% during the 1st quarter. Quantinno Capital Management LP now owns 36,869 shares of the scientific and technical instruments company's stock worth $1,601,000 after acquiring an additional 314 shares during the period. LPL Financial LLC lifted its position in Vishay Precision Group by 6.3% in the 4th quarter. LPL Financial LLC now owns 7,522 shares of the scientific and technical instruments company's stock worth $290,000 after buying an additional 448 shares during the last quarter. UBS Group AG boosted its stake in shares of Vishay Precision Group by 0.8% in the 3rd quarter. UBS Group AG now owns 67,724 shares of the scientific and technical instruments company's stock valued at $2,171,000 after purchasing an additional 523 shares in the last quarter. K2 Principal Fund L.P. grew its stake in shares of Vishay Precision Group by 9.0% during the fourth quarter. K2 Principal Fund L.P. now owns 10,900 shares of the scientific and technical instruments company's stock valued at $420,000 after buying an additional 900 shares during the last quarter. Finally, Strs Ohio purchased a new stake in shares of Vishay Precision Group during the first quarter valued at approximately $39,000. 87.61% of the stock is owned by institutional investors.

Vishay Precision Group Price Performance

Shares of Vishay Precision Group stock opened at $66.75 on Monday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.72 and a current ratio of 4.15. The stock has a 50 day moving average price of $104.42 and a 200-day moving average price of $80.09. The stock has a market cap of $889.11 million, a price-to-earnings ratio of 222.51, a price-to-earnings-growth ratio of 5.64 and a beta of 1.47. Vishay Precision Group, Inc. has a one year low of $27.33 and a one year high of $151.78.

Vishay Precision Group (NYSE:VPG - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The scientific and technical instruments company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.15). The business had revenue of $83.94 million for the quarter, compared to the consensus estimate of $87.44 million. Vishay Precision Group had a return on equity of 1.77% and a net margin of 1.20%. Equities analysts expect that Vishay Precision Group, Inc. will post 0.59 EPS for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on VPG. Zacks Research cut shares of Vishay Precision Group from a "strong-buy" rating to a "hold" rating in a report on Monday, July 13th. Weiss Ratings cut Vishay Precision Group from a "hold (c)" rating to a "sell (d+)" rating in a research note on Tuesday, August 18th. B. Riley Financial decreased their target price on shares of Vishay Precision Group from $109.00 to $105.00 and set a "buy" rating for the company in a report on Thursday, August 6th. Lake Street Capital increased their price objective on Vishay Precision Group from $54.00 to $98.00 and gave the company a "buy" rating in a research report on Wednesday, May 13th. Finally, Wall Street Zen cut shares of Vishay Precision Group from a "buy" rating to a "sell" rating in a report on Saturday, August 8th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $82.33.

Vishay Precision Group 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.

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