Vishay Precision Group (NYSE:VPG) Shares Down 9.6% - Here's Why

Key Points

• Vishay Precision Group shares fell 9.6% to approximately $68.89, with trading volume 75% below its average. The decline followed the company’s quarterly earnings miss.
• VPG reported quarterly earnings of $0.04 per share, below the $0.19 consensus estimate, while revenue of $83.94 million also fell short of expectations. Analysts forecast full-year earnings of $0.59 per share.
• Analyst opinions remain mixed, but MarketBeat lists the stock at an overall “Moderate Buy” rating with an average price target of $82.33. Institutional ownership stands at 87.61%, with several major investors recently establishing or expanding positions.

Vishay Precision Group, Inc. (NYSE:VPG - Get Free Report) traded down 9.6% during trading on Tuesday . The company traded as low as $68.86 and last traded at $68.8920. Approximately 110,764 shares traded hands during trading, a decline of 75% from the average daily volume of 448,526 shares. The stock had previously closed at $76.23.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on VPG. Weiss Ratings raised shares of Vishay Precision Group from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, August 4th. Wall Street Zen lowered shares of Vishay Precision Group from a "buy" rating to a "sell" rating in a report on Saturday, August 8th. Zacks Research cut shares of Vishay Precision Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 13th. Lake Street Capital lifted their target price on Vishay Precision Group from $54.00 to $98.00 and gave the stock a "buy" rating in a research report on Wednesday, May 13th. Finally, B. Riley Financial cut their price target 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. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Vishay Precision Group has an average rating of "Moderate Buy" and an average target price of $82.33.

Vishay Precision Group Stock Down 12.4%

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 stock has a market capitalization of $889.62 million, a price-to-earnings ratio of 222.63, a PEG ratio of 6.16 and a beta of 1.47. The firm's fifty day moving average is $109.77 and its 200-day moving average is $79.64.

Vishay Precision Group (NYSE:VPG - Get Free Report) last released its earnings results on Wednesday, August 5th. The scientific and technical instruments company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.15). The company had revenue of $83.94 million during 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%. On average, sell-side analysts predict that Vishay Precision Group, Inc. will post 0.59 earnings per share for the current year.

Institutional Investors Weigh In On Vishay Precision Group

Institutional investors have recently made changes to their positions in the company. Andar Capital Management HK Ltd acquired a new position in Vishay Precision Group in the second quarter worth $45,000,000. BlackRock Inc. acquired a new stake in shares of Vishay Precision Group during the second quarter worth $152,188,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Vishay Precision Group in the 2nd quarter worth about $69,844,000. Tema ETFs LLC boosted its holdings in shares of Vishay Precision Group by 108,291.4% in the 2nd quarter. Tema ETFs LLC now owns 264,475 shares of the scientific and technical instruments company's stock valued at $39,647,000 after buying an additional 264,231 shares during the period. Finally, T. Rowe Price Investment Management Inc. bought a new stake in shares of Vishay Precision Group during the 4th quarter valued at about $9,732,000. 87.61% of the stock is currently owned by institutional investors.

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.

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