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

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

Vishay Precision Group Stock Performance

NYSE VPG traded down $1.13 during mid-day trading on Wednesday, reaching $27.59. 42,230 shares of the stock were exchanged, compared to its average volume of 58,254. The business’s 50 day moving average is $31.90 and its 200-day moving average is $32.93. Vishay Precision Group has a 1 year low of $27.57 and a 1 year high of $38.07. The company has a market capitalization of $368.44 million, a P/E ratio of 15.52 and a beta of 1.22.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wellington Management Group LLP lifted its stake in Vishay Precision Group by 13.5% in 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 acquiring an additional 60,509 shares during the last quarter. Roubaix Capital LLC purchased a new stake in Vishay Precision Group in the 4th quarter valued at $1,594,000. Acadian Asset Management LLC raised its position in 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 valued at $6,627,000 after purchasing an additional 32,484 shares during the last quarter. Foundry Partners LLC raised its position 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 worth $4,281,000 after buying an additional 31,395 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position 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 worth $33,798,000 after buying an additional 13,939 shares during the last quarter. Hedge funds and other institutional investors own 87.61% of the company’s stock.

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.