Vishay Precision Group Inc. (NYSE: VPG) – Investment analysts at B. Riley have lowered their Q3 2018 EPS estimates for Vishay Precision Group shares in a research report issued to customers and investors on Wednesday, August 8, according to Zacks Investment Research. B. Riley analyst S. Sherbetchyan now expects the company to publish earnings per share of $ 0.45 for the quarter for scientific and technical instruments, compared with their previous estimate of $ 0.49. B. Riley currently has a "Buy" classification and a target price of $ 53.00 on the shares. B. Riley also provided estimates for the FY2018 profit of Vishay Precision Group at $ 1.93 EPS.
Apart from that, ValuEngine cut shares of Vishay Precision Group on Wednesday 8 August from a "strong buy" rating and a "buy" rating in a research note.
VPG exchanged $ 0.25 Friday and reached $ 43.30. 36,738 shares of the company's shares were exchanged, compared with the average volume of 86,894. Vishay Precision Group has a low point in the fifty-two weeks of $ 20.50 and a fifty-two week high of $ 45.00. The company has a short ratio of 2.79, a current ratio of 4.10 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $ 585.45 million, a PE ratio of 37.98, a price-earnings ratio of 1.12 and a beta of 0.95.
Vishay Precision Group (NYSE: VPG) last announced its earnings results on Tuesday 7 August. The company for scientific and technical instruments reported $ 0.57 per share (EPS) for the quarter, on top of the $ 0.44 consensus estimate of $ 0.13. Vishay Precision Group had a net margin of 7.66% and a return on equity of 10.93%. The company had sales of $ 74.23 million for the quarter compared with analysts' expectations of $ 73.53 million. In the same quarter of the previous year, the company recorded $ 0.29 EPS.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its shareholdings in Vishay Precision Group shares by 3.9% in the second quarter. BlackRock Inc. now owns 883,845 shares of the Company's shares for scientific and technical instruments with a value of $ 33,719,000 after the acquisition of 32,988 additional shares during the period. Renaissance Technologies LLC increased its shareholdings in Vishay Precision Group by 10.0% in the second quarter. Renaissance Technologies LLC now owns 736,200 company shares of the company's scientific and technical instruments valued at $ 28,086,000 after buying an additional 67,100 shares during the period. Uniplan Investment Counsel Inc. increased its participations in Vishay Precision Group by 0.8% in the 1st quarter. Uniplan Investment Counsel Inc. now holds 334,462 shares of the company's scientific and technical instruments with a value of $ 10,418,000 after buying 2,733 additional shares during the period. Millennium Management LLC increased its participations in Vishay Precision Group by 91.6% in the fourth quarter. Millennium Management LLC now owns 322,942 company shares of scientific and technical instruments valued at $ 8,122,000 after buying 154,400 additional shares during the period. Finally, Lord Abbett & CO. LLC increased its participations in Vishay Precision Group by 34.0% in the 1st quarter. Lord Abbett & CO. LLC now holds 294,906 shares in the Company's shares of scientific and technical instruments valued at $ 9,186,000 after the purchase of 74,893 additional shares during the period. Institutional investors and hedge funds hold 80.09% of the company's shares.
In other news, CEO Ziv Shoshani sold 21,161 shares of Vishay Precision Group in a transaction on Monday 27 August. The stock was sold at an average price of $ 44.87 for a total transaction of $ 949,494.07. After the transaction, the chief executive officer now holds 103,082 shares in the company, valued at approximately $ 4,625,289.34. The transaction was disclosed in a legal application to the SEC, which is accessible via this hyperlink. Director Bruce A. Lerner also sold shares of Vishay Precision Group shares in a transaction on Friday 10 August 1125. The stock has been sold at an average price of $ 43.63 for a total value of $ 49,083.75. After the transaction, the director now owns 3,012 shares in the company, valued at approximately $ 131,413.56. The information for this sale can be found here. In the last quarter, insiders sold 32,276 shares of company shares worth $ 1,429,279. Insiders own 6.49% of the shares of the company.
Vishay Precision Group Company profile
Vishay Precision Group, Inc. designs, manufactures and markets sensors, sensor-based measurement systems, special resistances and strain gauges in Asia, the United States, Israel, Europe, the United Kingdom and Canada. It works in three segments: Foil Technology Products, Force Sensors and Weighing and Control Systems.
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