Vishay Precision Group (NYSE:VPG) Lifted to “Buy” at StockNews.com

StockNews.com upgraded shares of Vishay Precision Group (NYSE:VPG) from a hold rating to a buy rating in a report published on Tuesday.

Separately, B. Riley dropped their price target on Vishay Precision Group from $36.00 to $31.00 and set a neutral rating on the stock in a research note on Wednesday, August 7th.

Vishay Precision Group Trading Down 3.0 %

Shares of NYSE:VPG opened at $24.93 on Tuesday. The firm has a 50 day simple moving average of $29.76 and a 200-day simple moving average of $32.05. Vishay Precision Group has a twelve month low of $24.66 and a twelve month high of $35.98. The company has a market capitalization of $332.92 million, a PE ratio of 13.77 and a beta of 1.17.

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 for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). The company had revenue of $77.36 million during the quarter, compared to analysts’ expectations of $78.57 million. Vishay Precision Group had a net margin of 6.30% and a return on equity of 7.49%. During the same period last year, the firm earned $0.58 earnings per share. As a group, equities research analysts predict that Vishay Precision Group will post 1.11 EPS for the current fiscal year.

Institutional Trading of Vishay Precision Group

A number of large investors have recently bought and sold shares of VPG. Algert Global LLC raised its holdings in shares of Vishay Precision Group by 19.6% in the second quarter. Algert Global LLC now owns 15,711 shares of the scientific and technical instruments company’s stock valued at $478,000 after buying an additional 2,571 shares during the last quarter. Divisar Capital Management LLC raised its stake in Vishay Precision Group by 2.2% during the 2nd quarter. Divisar Capital Management LLC now owns 176,001 shares of the scientific and technical instruments company’s stock valued at $5,357,000 after acquiring an additional 3,726 shares during the last quarter. American Century Companies Inc. raised its stake in Vishay Precision Group by 47.7% during the 2nd 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 acquiring an additional 62,186 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of Vishay Precision Group by 6.1% in the 2nd 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 last quarter. Finally, Foundry Partners LLC increased its holdings in shares of Vishay Precision Group by 11.6% in the second quarter. Foundry Partners LLC now owns 139,785 shares of the scientific and technical instruments company’s stock valued at $4,255,000 after purchasing an additional 14,585 shares during the period. Institutional investors and hedge funds own 87.61% of the company’s stock.

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.