ValuEngine downgraded shares of Vishay Precision Group (NYSE: VPG) from a strong buy-rating to a buy-rating in a research report that will be sent to investors on Wednesday 8 August.
Apart from this, B. Riley again confirmed a buy-rating and issued a target price of $ 53.00 (previously higher than $ 40.00) on shares of Vishay Precision Group in a study letter on Monday 6 August.
VPG shares exchanged $ 0.25 to $ 43.30 on Wednesday. The company had a trading volume of 36,738 shares, compared to the average volume of 87,294. Vishay Precision Group has a price level of 1 year of $ 20.50 and a 1 year high of $ 45.00. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.79 and a current ratio of 4.10. The company has a market capitalization of $ 580.06 million, a P / E ratio of 37.98, a PEG ratio of 1.11 and a beta of 0.95.
Vishay Precision Group (NYSE: VPG) posted its results for the last time on Tuesday 7 August. In the area of scientific and technical instruments, the company reported earnings per share of $ 0.57 per share this quarter, cutting analysts' $ 0.44 estimate estimates by $ 0.13. Vishay Precision Group had a return on equity of 10.93% and a net margin of 7.66%. The company had sales of $ 74.23 million for the quarter compared with analyst estimates of $ 73.53 million. In the same quarter of the previous year, the company earned $ 0.29 EPS. Research analysts predict that Vishay Precision Group will publish 1.94 per share for the current year.
In other Vishay Precision Group news, director Timothy Talbert sold 3,000 shares of the company's stock in a transaction on Monday, August 20. The stock was sold at an average price of $ 44.00, for a total value of $ 132,000.00. After the completion of the transaction, the director now holds 14,896 shares directly in the company, valued at approximately $ 655,424. The sale has been disclosed in a legal application to the Securities & Exchange Commission, which is available via this hyperlink. CEO Ziv Shoshani also sold 1,990 shares of the company's shares in a transaction on Friday, August 24th. The shares were sold at an average price of $ 44.90, for a total value of $ 89,351.00. After the completion of the transaction, the chief executive officer now holds 103,082 shares of the company, valued at $ 4,628,381.80. The information for this sale can be found here. In the last ninety days, insiders sold 32,276 shares of company shares valued at $ 1,429,279. 6.49% of the shares are owned by insiders of companies.
Institutional investors and hedge funds have recently adjusted their corporate ownership. Sawgrass Asset Management LLC acquired a new stake in Vishay Precision Group shares worth $ 221,000 in the second quarter. Northern Trust Corp increased its shareholdings of Vishay Precision Group shares by 3.2% in the first quarter. Northern Trust Corp. now holds 151,508 shares of the Company's scientific and technical instruments worth $ 4,719,000 after buying an additional 4,648 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Vishay Precision Group shares worth $ 5,366,000 in the second quarter. BlackRock Inc. increased its shareholdings in Vishay Precision Group shares by 2.2% in the fourth quarter. BlackRock Inc. now holds 876,345 shares of the Company's shares for scientific and technical instruments valued at $ 22,040,000 after the purchase of additional 19,135 shares during the last quarter. Finally, Sensato Investors LLC increased its shareholdings of Vishay Precision Group shares by 24.7% in the first quarter. Sensato Investors LLC now owns 57,221 shares of the company's scientific and technical instruments worth $ 1,782,000 after buying an additional 11,329 shares in the last quarter. Institutional investors own 80.09% of the company's shares.
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.
Featured article: What are the different types of Leveraged Buyouts?
To view the full ValuEngine report, visit the official website of ValuEngine.
Receive news and ratings for Vishay Precision Group Daily – Enter your email address below to receive a concise, daily summary of the latest news and analyst reviews for Vishay Precision Group and related companies with the FREE daily email newsletter from MarketBeat.com.