StockNews.com Downgrades Vishay Precision Group (NYSE:VPG) to Hold

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

Separately, B. Riley cut their price objective 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 Up 4.6 %

Shares of VPG stock opened at $23.23 on Wednesday. The business’s 50-day moving average price is $24.48 and its 200-day moving average price is $28.99. Vishay Precision Group has a 12 month low of $21.56 and a 12 month high of $35.98. The firm has a market capitalization of $308.03 million, a price-to-earnings ratio of 14.99 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 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 7.49%. The firm had revenue of $77.36 million for the quarter, compared to analyst estimates of $78.57 million. During the same period in the previous year, the business posted $0.58 earnings per share. On average, sell-side analysts predict that Vishay Precision Group will post 1.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vishay Precision Group

A number of hedge funds have recently added to or reduced their stakes in the business. Acadian Asset Management LLC increased its holdings 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 worth $6,059,000 after purchasing an additional 11,438 shares in the last quarter. American Century Companies Inc. increased its holdings in 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 worth $5,865,000 after purchasing an additional 62,186 shares in the last quarter. Divisar Capital Management LLC increased its holdings in Vishay Precision Group by 2.2% in the second quarter. Divisar Capital Management LLC now owns 176,001 shares of the scientific and technical instruments company’s stock worth $5,357,000 after purchasing an additional 3,726 shares in the last quarter. Foundry Partners LLC increased its holdings in 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 worth $4,255,000 after purchasing an additional 14,585 shares in the last quarter. Finally, Roubaix Capital LLC increased its holdings in Vishay Precision Group by 58.6% in the first quarter. Roubaix Capital LLC now owns 74,203 shares of the scientific and technical instruments company’s stock worth $2,622,000 after purchasing an additional 27,413 shares in the last quarter. 87.61% of the stock is currently owned by institutional investors.

About Vishay Precision Group

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.