Vishay Precision Group, Inc. $VPG Stock: Annex Advisory Services LLC Raises Holdings

Key Points

• Annex Advisory Services dramatically increased its VPG position by 2,799.8% in the third quarter, reaching 255,441 shares valued at approximately $18.6 million, or 1.92% of the company.
• Vishay Precision Group reported quarterly revenue of $83.94 million and EPS of $0.04, missing analysts’ estimates of $87.44 million and $0.19, respectively.
• Analyst sentiment is mixed, with two Buy ratings, one Hold, and one Sell; the consensus rating is Hold with an average price target of $82.33, compared with a recent price of $60.42.

Annex Advisory Services LLC grew its holdings in shares of Vishay Precision Group, Inc. (NYSE:VPG - Free Report) by 2,799.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 255,441 shares of the scientific and technical instruments company's stock after acquiring an additional 246,632 shares during the period. Annex Advisory Services LLC owned 1.92% of Vishay Precision Group worth $18,581,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. State of Alaska Department of Revenue bought a new position in Vishay Precision Group in the third quarter worth approximately $63,000. Venture Visionary Partners LLC bought a new stake in Vishay Precision Group during the 3rd quarter valued at $315,000. Central Pacific Bank Trust Division increased its stake in Vishay Precision Group by 13.8% during the 3rd quarter. Central Pacific Bank Trust Division now owns 4,936 shares of the scientific and technical instruments company's stock valued at $359,000 after purchasing an additional 599 shares in the last quarter. Tidal Investments LLC raised its holdings in Vishay Precision Group by 2,452.5% during the second quarter. Tidal Investments LLC now owns 283,709 shares of the scientific and technical instruments company's stock worth $42,531,000 after buying an additional 272,594 shares during the last quarter. Finally, Corient Private Wealth LP acquired a new stake in shares of Vishay Precision Group in the 2nd quarter worth about $247,000. 87.61% of the stock is owned by institutional investors.

Vishay Precision Group Price Performance

VPG opened at $60.42 on Friday. The company has a current ratio of 4.15, a quick ratio of 2.72 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $804.86 million, a P/E ratio of 201.42, a PEG ratio of 5.43 and a beta of 1.39. The stock has a 50-day moving average price of $67.03 and a 200-day moving average price of $85.68. Vishay Precision Group, Inc. has a 12-month low of $29.08 and a 12-month high of $151.78.

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

Analyst Ratings Changes

Several equities research analysts have commented on VPG shares. Wall Street Zen lowered shares of Vishay Precision Group from a "buy" rating to a "sell" rating in a research note on Saturday, August 8th. Weiss Ratings downgraded Vishay Precision Group from a "hold (c)" rating to a "sell (d+)" rating in a research note on Tuesday, August 18th. B. Riley Financial cut their target price on Vishay Precision Group from $109.00 to $105.00 and set a "buy" rating on the stock in a research note on Thursday, August 6th. Finally, Zacks Research lowered Vishay Precision Group from a "strong-buy" rating to a "hold" rating in a report on Monday, July 13th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Vishay Precision Group currently has a consensus rating of "Hold" and an average price target of $82.33.

Vishay Precision Group Company Profile

Vishay Precision Group, Inc NYSE: VPG develops and manufactures precision measurement technologies used to measure force, weight, pressure, and other physical characteristics. Its products support applications that require accurate sensing, monitoring, and control across industrial and commercial markets.

The company's offerings include strain gauges, load cells, force measurement sensors, weighing systems, process weighing equipment, and instrumentation. These products are used in areas such as industrial automation, transportation, aerospace, medical equipment, consumer products, and testing and measurement.

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