Vishay Precision Group (NYSE:VPG) Stock Rating Lowered by StockNews.com

Vishay Precision Group (NYSE:VPG) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

Separately, B. Riley cut their price target on shares of Vishay Precision Group from $36.00 to $31.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th.

Vishay Precision Group Trading Down 0.1 %

VPG opened at $23.20 on Wednesday. Vishay Precision Group has a 1-year low of $21.56 and a 1-year high of $35.98. The company has a market cap of $307.63 million, a P/E ratio of 14.97 and a beta of 1.17. The company has a fifty day moving average price of $24.39 and a two-hundred day moving average price of $28.95.

Vishay Precision Group (NYSE:VPG) last posted its quarterly earnings results on Tuesday, November 5th. The scientific and technical instruments company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. Vishay Precision Group had a net margin of 6.30% and a return on equity of 7.49%. The firm had revenue of $75.73 million during the quarter, compared to the consensus estimate of $73.47 million. During the same period in the previous year, the firm posted $0.47 earnings per share. On average, research analysts forecast that Vishay Precision Group will post 1.12 EPS for the current fiscal year.

Institutional Investors Weigh In On Vishay Precision Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Acadian Asset Management LLC increased its stake in shares of Vishay Precision Group by 20.9% in the 1st quarter. Acadian Asset Management LLC now owns 187,656 shares of the scientific and technical instruments company’s stock worth $6,627,000 after acquiring an additional 32,484 shares in the last quarter. Annex Advisory Services LLC increased its stake in Vishay Precision Group by 14.6% during the 2nd quarter. Annex Advisory Services LLC now owns 15,230 shares of the scientific and technical instruments company’s stock valued at $464,000 after purchasing an additional 1,945 shares in the last quarter. State Board of Administration of Florida Retirement System bought a new stake in Vishay Precision Group during the 1st quarter valued at about $314,000. Price T Rowe Associates Inc. MD increased its stake in Vishay Precision Group by 3.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,102 shares of the scientific and technical instruments company’s stock valued at $711,000 after purchasing an additional 598 shares in the last quarter. Finally, Divisar Capital Management LLC increased 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 purchasing an additional 3,726 shares in 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.