Vishay Precision Group (NYSE:VPG) Stock Price Up 6.6% - Here's Why

Key Points

• Vishay Precision Group shares rose 6.6% to about $65.81 in Friday trading, despite volume running 83% below the average session level.
• 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.
• The company missed quarterly expectations, reporting $0.04 in EPS versus $0.19 expected and revenue of $83.94 million versus $87.44 million forecast. Institutional investors own approximately 87.6% of outstanding shares.

Vishay Precision Group, Inc. (NYSE:VPG - Get Free Report) shares traded up 6.6% during trading on Friday . The company traded as high as $65.50 and last traded at $65.8050. 78,537 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 449,970 shares. The stock had previously closed at $61.72.

Analyst Ratings Changes

VPG has been the subject of several research reports. Weiss Ratings downgraded shares of Vishay Precision Group from a "hold (c)" rating to a "sell (d+)" rating in a research report on Tuesday, August 18th. B. Riley Financial lowered 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. Wall Street Zen cut Vishay Precision Group from a "buy" rating to a "sell" rating in a report on Saturday, August 8th. Finally, Zacks Research cut 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 company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $82.33.

Vishay Precision Group Trading Up 7.2%

The company has a debt-to-equity ratio of 0.05, a current ratio of 4.15 and a quick ratio of 2.72. The business's 50-day moving average is $83.53 and its 200 day moving average is $81.45. The firm has a market capitalization of $881.25 million, a P/E ratio of 220.50, a price-to-earnings-growth ratio of 5.36 and a beta of 1.42.

Vishay Precision Group (NYSE:VPG - Get Free Report) last posted its quarterly earnings data 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). Vishay Precision Group had a net margin of 1.20% and a return on equity of 1.77%. The business had revenue of $83.94 million during the quarter, compared to the consensus estimate of $87.44 million. As a group, analysts anticipate that Vishay Precision Group, Inc. will post 0.59 EPS for the current fiscal year.

Institutional Investors Weigh In On Vishay Precision Group

Large investors have recently added to or reduced their stakes in the stock. First Bancorp Inc ME bought a new position in Vishay Precision Group during the 2nd quarter worth approximately $30,000. Quantinno Capital Management LP lifted its position in shares of Vishay Precision Group by 0.9% in 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 purchasing an additional 314 shares during the period. LPL Financial LLC boosted its stake in shares of 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 valued at $290,000 after purchasing an additional 448 shares during the last quarter. UBS Group AG increased its position in shares of Vishay Precision Group by 0.8% during the third quarter. UBS Group AG now owns 67,724 shares of the scientific and technical instruments company's stock worth $2,171,000 after buying an additional 523 shares during the period. Finally, K2 Principal Fund L.P. raised its stake in 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 worth $420,000 after buying an additional 900 shares during the last quarter. Institutional investors and hedge funds own 87.61% of the company's stock.

About Vishay Precision Group

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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