The shares of Vishay Precision Group Inc. (NYSE: VPG) received a 1.00 (Strong Buy) average of two brokers covering the company, the Zacks Investment Research reports. Two investment analysts have rated the stock with a strong market score. Vishay Precision Group's rating has improved 50% from three months ago as a result of changes in analysts' estimates.
Analysts have set a 12-month price target to reach a $ 49.50 deal for the company and expect the company to release US $ 0.50 for the current quarter, according to Zacks. Zacks has also given Vishay Group Precision a 98 class of 257 based on the rankings given to its competitors.
VPG has been the subject of many recent analyst reports. ValuEngine cut the Vishay Precision Group from a "strong buy" rating to a "buy" rating on a research report Wednesday, August 8th. B. Riley reaffirmed the buy-in rating and issued a $ 53.00 ($ 40.00) target in shares of the Vishay Precision Group at a research report Monday, August 6th. Finally, Sidoti increased the Vishay Precision Group from a "neutral" rating to a "buy" at a research fair on Thursday, October 11th.
In other Vishay Precision Group news, CFO William M. Clancy sold 10,000 shares of the company's share in a transaction on Thursday, August 30th. The stock was sold at an average price of $ 43.21, for a total value of $ 432,100.00. Following the completion of the transaction, the CEO now holds 19,575 shares of the company, worth approximately $ 845,835.75. The sale was revealed in a legal deposit with the SEC, which is available through this link. Also, Director Saul Reibstein sold 5,000 shares of the company's share in a transaction Friday, August 17th. The stock was sold at an average price of $ 41.87, for a total value of $ 209,350.00. Upon completion of the transaction, the manager holds directly 13,863 shares of the company, worth approximately $ 580,443.81. The disclosure of this sale can be found here. Over the past ninety days, trustees sold 41,151 corporate equity shares worth $ 1,812,295. 6.49% of shares are owned by individuals.
Large investors have recently altered their holdings in the business. Sawgrass Asset Management LLC bought a new position in the second quarter of the Vishay Precision Group worth some $ 221,000. Chicago Equity Partners LLC bought a new position in the Vishay Precision Group in the second quarter worth approximately $ 831,000. North Trust Corp climbed its position at the Vishay Precision Group by 3.2% in the first quarter. North Trust Corp today owns 151,508 shares of the company's $ 4,719,000 ($ 4,719,000) shares after acquiring a further 4,648 shares in the last quarter. Acadian Asset Management LLC has bought a new position for the Vishay Precision Group in the second quarter worth approximately $ 5,366,000. Finally, Cubist Systematic Strategies LLC bought a new position in the second quarter of the Vishay Precision Group worth approximately $ 242,000. 80.68% of shares are held by institutional investors and hedge funds.
VPG shares traded below $ 0.62 in trading hours on Thursday, hitting $ 35.71. The company had a trading volume of 45,747 shares, compared to the average of 73,126 shares. The company has a debt-to-equity ratio of 0.11, a current ratio of 4.09 and a fast 2.79 ratio. The company has a maximum purchase limit of $ 489.51 million, a ratio of PE 19.12, ratio P / E / G 0.91 and beta 0.97. The Vishay Precision Group has a 52-week low of $ 23.65 and a 52-week high of $ 45.00.
Vishay Precision Group (NYSE: VPG) last published its quarterly profit results on Tuesday, 6 November. The company of scientific and technical media announced earnings per share (EPS) of $ 0.57 for the quarter, covering the estimated $ 0.49 consensus by $ 0.08. The company earned $ 75.49 million over the quarter, compared with analyst estimates of $ 73.6 million. The Vishay Precision Group had a return of 12.63% and a net margin of 8.45%. Vishay Precision Group's quarterly revenue rose by 20.2% compared to the same quarter of the previous year. In the same quarter last year, the company earned $ 0.32 EPS. As a group, market analysts expect the Vishay Precision Group to release 1.99 EPS for the current year.
About the Vishay precision team
Vishay Precision Group, Inc. designs, manufactures and markets sensors, sensing measuring systems, specialty resistors and pressure gauges in Asia, the United States, Israel, Europe, the United Kingdom and Canada. It works through three parts: Foil Technology Products, Power Sensors, Weighing and Control Systems.
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