Zacks: Vishay Precision Group Inc (VPG) Receives Consensus Recommendation of “Buy” from Analysts

Vishay Precision Group Inc (NYSE:VPG) has been given a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company.

Brokerages have set a 12-month consensus price objective of $37.50 for the company and are anticipating that the company will post $0.42 earnings per share for the current quarter, according to Zacks. Zacks has also given Vishay Precision Group an industry rank of 83 out of 255 based on the ratings given to its competitors.

VPG has been the topic of several research analyst reports. B. Riley upped their target price on Vishay Precision Group from $31.00 to $34.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. ValuEngine upgraded Vishay Precision Group from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, Sidoti lowered Vishay Precision Group from a “buy” rating to a “neutral” rating in a research report on Friday, March 9th.



Shares of Vishay Precision Group traded up $0.15, reaching $38.80, during trading on Friday, according to Marketbeat Ratings. The company had a trading volume of 1,991 shares, compared to its average volume of 71,270. Vishay Precision Group has a 12 month low of $16.55 and a 12 month high of $40.45. The firm has a market capitalization of $535.43 million, a PE ratio of 33.95, a price-to-earnings-growth ratio of 1.20 and a beta of 0.94. The company has a current ratio of 3.82, a quick ratio of 2.65 and a debt-to-equity ratio of 0.14.

Vishay Precision Group (NYSE:VPG) last released its quarterly earnings results on Tuesday, May 8th. The scientific and technical instruments company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.04. Vishay Precision Group had a return on equity of 9.27% and a net margin of 6.48%. The firm had revenue of $73.10 million for the quarter, compared to analyst estimates of $66.69 million. During the same quarter in the previous year, the company posted $0.19 EPS. The business’s revenue was up 22.2% on a year-over-year basis. analysts forecast that Vishay Precision Group will post 1.66 earnings per share for the current fiscal year.

In related news, Director Marc Zandman sold 22,892 shares of the company’s stock in a transaction dated Monday, May 14th. The stock was sold at an average price of $35.67, for a total transaction of $816,557.64. Following the sale, the director now owns 15,992 shares in the company, valued at approximately $570,434.64. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO William M. Clancy sold 10,000 shares of the company’s stock in a transaction dated Wednesday, May 23rd. The shares were sold at an average price of $35.45, for a total value of $354,500.00. Following the sale, the chief financial officer now owns 29,575 shares in the company, valued at approximately $1,048,433.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,712 shares of company stock worth $1,735,425. 6.49% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the stock. Uniplan Investment Counsel Inc. boosted its position in shares of Vishay Precision Group by 0.8% during the 1st quarter. Uniplan Investment Counsel Inc. now owns 334,462 shares of the scientific and technical instruments company’s stock valued at $10,418,000 after purchasing an additional 2,733 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Vishay Precision Group by 14.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 23,493 shares of the scientific and technical instruments company’s stock worth $732,000 after acquiring an additional 2,900 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Vishay Precision Group by 4.1% in the fourth quarter. Bank of New York Mellon Corp now owns 76,494 shares of the scientific and technical instruments company’s stock worth $1,924,000 after acquiring an additional 3,021 shares in the last quarter. Alambic Investment Management L.P. boosted its holdings in Vishay Precision Group by 22.5% in the first quarter. Alambic Investment Management L.P. now owns 19,600 shares of the scientific and technical instruments company’s stock worth $611,000 after acquiring an additional 3,600 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in Vishay Precision Group by 3.2% in the first quarter. Northern Trust Corp now owns 151,508 shares of the scientific and technical instruments company’s stock worth $4,719,000 after acquiring an additional 4,648 shares in the last quarter. Institutional investors own 80.77% of the company’s stock.

Vishay Precision Group Company Profile

Vishay Precision Group, Inc designs, manufactures, and markets sensors, sensor-based measurement systems, specialty resistors, and strain gages in Asia, the United States, Israel, Europe, the United Kingdom, and Canada. It operates through three segments: Foil Technology Products, Force Sensors, and Weighing and Control Systems.

Get a free copy of the Zacks research report on Vishay Precision Group (VPG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Vishay Precision Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vishay Precision Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply