Bank of America Corp DE Boosts Holdings in Vishay Precision Group, Inc. (NYSE:VPG)

Bank of America Corp DE grew its holdings in Vishay Precision Group, Inc. (NYSE:VPG) by 22.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,474 shares of the scientific and technical instruments company’s stock after purchasing an additional 2,852 shares during the quarter. Bank of America Corp DE owned 0.12% of Vishay Precision Group worth $363,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in VPG. Ameriprise Financial Inc. raised its holdings in Vishay Precision Group by 82.1% in the fourth quarter. Ameriprise Financial Inc. now owns 330,107 shares of the scientific and technical instruments company’s stock valued at $7,748,000 after acquiring an additional 148,802 shares in the last quarter. Jane Street Group LLC acquired a new stake in Vishay Precision Group in the fourth quarter valued at approximately $384,000. Lord Abbett & CO. LLC raised its holdings in Vishay Precision Group by 683.8% in the fourth quarter. Lord Abbett & CO. LLC now owns 306,992 shares of the scientific and technical instruments company’s stock valued at $7,205,000 after acquiring an additional 267,826 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Vishay Precision Group by 10.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 26,901 shares of the scientific and technical instruments company’s stock valued at $632,000 after acquiring an additional 2,581 shares in the last quarter. Finally, Portolan Capital Management LLC acquired a new stake in Vishay Precision Group in the fourth quarter valued at approximately $11,552,000. Hedge funds and other institutional investors own 87.61% of the company’s stock.

Vishay Precision Group Stock Performance

NYSE:VPG opened at $27.18 on Friday. The firm’s fifty day moving average price is $24.16 and its 200 day moving average price is $23.65. Vishay Precision Group, Inc. has a 1-year low of $18.57 and a 1-year high of $35.11. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.41 and a quick ratio of 2.80. The firm has a market cap of $360.33 million, a price-to-earnings ratio of 36.73 and a beta of 0.86.

Vishay Precision Group (NYSE:VPG) last issued its earnings results on Tuesday, May 6th. The scientific and technical instruments company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). Vishay Precision Group had a return on equity of 3.87% and a net margin of 3.23%. The company had revenue of $71.74 million for the quarter, compared to analysts’ expectations of $73.04 million. On average, sell-side analysts expect that Vishay Precision Group, Inc. will post 0.9 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on VPG shares. Wall Street Zen cut shares of Vishay Precision Group from a “buy” rating to a “hold” rating in a report on Saturday, March 29th. B. Riley reissued a “buy” rating on shares of Vishay Precision Group in a report on Wednesday, May 7th.

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.