Vishay Precision Group (NYSE:VPG) Price Target Cut to $31.00 by Analysts at B. Riley

Vishay Precision Group (NYSE:VPG) had its target price cut by B. Riley from $36.00 to $31.00 in a research note issued to investors on Wednesday morning, Benzinga reports. They currently have a neutral rating on the scientific and technical instruments company’s stock. B. Riley also issued estimates for Vishay Precision Group’s Q3 2024 earnings at $0.19 EPS, Q4 2024 earnings at $0.19 EPS, FY2024 earnings at $1.11 EPS and FY2025 earnings at $1.29 EPS.

Vishay Precision Group Stock Performance

NYSE VPG traded up $0.46 during trading on Wednesday, reaching $27.42. 31,576 shares of the company’s stock were exchanged, compared to its average volume of 58,836. Vishay Precision Group has a 1 year low of $26.76 and a 1 year high of $37.00. The stock has a market cap of $366.06 million, a P/E ratio of 15.17 and a beta of 1.22. The company has a 50 day moving average price of $31.79 and a two-hundred day moving average price of $32.89.

Vishay Precision Group (NYSE:VPG) last announced its quarterly earnings results on Tuesday, August 6th. The scientific and technical instruments company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). Vishay Precision Group had a net margin of 6.30% and a return on equity of 7.48%. The business had revenue of $77.36 million during the quarter, compared to analyst estimates of $78.57 million. During the same period last year, the company earned $0.58 earnings per share. Research analysts forecast that Vishay Precision Group will post 1.33 EPS for the current fiscal year.

Institutional Investors Weigh In On Vishay Precision Group

A number of institutional investors and hedge funds have recently bought and sold shares of VPG. Dimensional Fund Advisors LP grew its position in shares of Vishay Precision Group by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 992,025 shares of the scientific and technical instruments company’s stock worth $33,798,000 after acquiring an additional 13,939 shares during the last quarter. Vanguard Group Inc. boosted its stake in Vishay Precision Group by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 624,770 shares of the scientific and technical instruments company’s stock worth $20,980,000 after purchasing an additional 7,682 shares during the period. Wellington Management Group LLP grew its position in Vishay Precision Group by 13.5% during the 4th quarter. Wellington Management Group LLP now owns 508,007 shares of the scientific and technical instruments company’s stock worth $17,308,000 after purchasing an additional 60,509 shares during the last quarter. Acadian Asset Management LLC increased its stake in Vishay Precision Group by 6.1% in the second quarter. Acadian Asset Management LLC now owns 199,094 shares of the scientific and technical instruments company’s stock valued at $6,059,000 after purchasing an additional 11,438 shares during the period. Finally, American Century Companies Inc. raised its holdings in shares of Vishay Precision Group by 47.7% in the second quarter. American Century Companies Inc. now owns 192,661 shares of the scientific and technical instruments company’s stock valued at $5,865,000 after buying an additional 62,186 shares during the last quarter. 87.61% of the stock is owned by hedge funds and other institutional investors.

Vishay Precision Group Company Profile

Vishay Precision Group, Inc designs, manufactures, and markets specialized sensors, weighing solutions, and measurement systems in the United States, Israel, the United Kingdom, rest of Europe, Asia, and Canada. It operates through three segments: Sensors, Weighing Solutions, and Measurement Systems.