Vishay Precision Group (NYSE:VPG) PT Lowered to $31.00 at B. Riley

Vishay Precision Group (NYSE:VPG) had its target price cut by analysts at B. Riley from $36.00 to $31.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the scientific and technical instruments company’s stock. B. Riley’s target price points to a potential upside of 12.36% from the company’s current price.

Vishay Precision Group Price Performance

Shares of NYSE VPG traded down $1.13 on Wednesday, hitting $27.59. The company’s stock had a trading volume of 42,230 shares, compared to its average volume of 58,254. The stock has a 50 day moving average of $31.90 and a 200-day moving average of $32.93. The company has a market capitalization of $368.44 million, a price-to-earnings ratio of 15.52 and a beta of 1.22. Vishay Precision Group has a 12-month low of $27.57 and a 12-month high of $38.07.

Vishay Precision Group (NYSE:VPG) last posted its quarterly earnings data on Tuesday, August 6th. The scientific and technical instruments company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). The firm had revenue of $77.36 million during the quarter, compared to analyst estimates of $78.57 million. Vishay Precision Group had a net margin of 7.10% and a return on equity of 8.68%. During the same period in the prior year, the firm earned $0.58 EPS. Sell-side analysts expect that Vishay Precision Group will post 1.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP raised its holdings in shares of Vishay Precision Group by 13.5% during the fourth quarter. Wellington Management Group LLP now owns 508,007 shares of the scientific and technical instruments company’s stock worth $17,308,000 after purchasing an additional 60,509 shares during the period. Roubaix Capital LLC acquired a new position in Vishay Precision Group during the 4th quarter valued at about $1,594,000. Acadian Asset Management LLC increased its stake in Vishay Precision Group by 20.9% during the 1st quarter. Acadian Asset Management LLC now owns 187,656 shares of the scientific and technical instruments company’s stock valued at $6,627,000 after buying an additional 32,484 shares during the period. Foundry Partners LLC increased its stake in Vishay Precision Group by 33.3% during the 4th quarter. Foundry Partners LLC now owns 125,640 shares of the scientific and technical instruments company’s stock valued at $4,281,000 after buying an additional 31,395 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Vishay Precision Group by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 992,025 shares of the scientific and technical instruments company’s stock valued at $33,798,000 after buying an additional 13,939 shares during the period. 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.