State of Wyoming Buys 13,147 Shares of Vishay Precision Group, Inc. $VPG

State of Wyoming grew its stake in Vishay Precision Group, Inc. (NYSE:VPG) by 459.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,008 shares of the scientific and technical instruments company’s stock after buying an additional 13,147 shares during the period. State of Wyoming owned approximately 0.12% of Vishay Precision Group worth $513,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC acquired a new position in Vishay Precision Group during the second quarter valued at approximately $225,000. Handelsbanken Fonder AB bought a new stake in shares of Vishay Precision Group during the 2nd quarter worth $255,000. Corient Private Wealth LLC bought a new stake in shares of Vishay Precision Group during the 2nd quarter worth $896,000. Segall Bryant & Hamill LLC acquired a new position in Vishay Precision Group in the 2nd quarter valued at $4,689,000. Finally, Acuitas Investments LLC raised its holdings in Vishay Precision Group by 1,319.6% in the 3rd quarter. Acuitas Investments LLC now owns 1,012,976 shares of the scientific and technical instruments company’s stock worth $32,466,000 after acquiring an additional 941,622 shares during the period. Institutional investors and hedge funds own 87.61% of the company’s stock.

Wall Street Analyst Weigh In

VPG has been the topic of several research analyst reports. Loop Capital set a $44.00 price target on Vishay Precision Group in a research report on Thursday, December 18th. Lake Street Capital started coverage on Vishay Precision Group in a research note on Thursday, December 18th. They set a “buy” rating and a $44.00 target price for the company. B. Riley reaffirmed a “buy” rating and issued a $63.00 price target (up from $45.00) on shares of Vishay Precision Group in a research report on Tuesday. Weiss Ratings lowered Vishay Precision Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, January 15th. Finally, Wall Street Zen cut Vishay Precision Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 22nd. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $50.33.

Vishay Precision Group Stock Performance

VPG opened at $52.80 on Wednesday. The stock has a market cap of $701.17 million, a PE ratio of 88.00, a P/E/G ratio of 2.42 and a beta of 0.85. Vishay Precision Group, Inc. has a 1 year low of $18.57 and a 1 year high of $54.61. The stock’s 50 day simple moving average is $40.69 and its 200-day simple moving average is $34.56. The company has a current ratio of 4.10, a quick ratio of 2.71 and a debt-to-equity ratio of 0.06.

Vishay Precision Group (NYSE:VPG) last posted its quarterly earnings results on Tuesday, November 4th. The scientific and technical instruments company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. Vishay Precision Group had a net margin of 2.65% and a return on equity of 2.02%. The firm had revenue of $79.73 million for the quarter, compared to the consensus estimate of $76.63 million. Sell-side analysts forecast that Vishay Precision Group, Inc. will post 0.9 EPS for the current year.

About Vishay Precision Group

Vishay Precision Group (NYSE: VPG) specializes in the design, manufacture and calibration of precision sensors, instrumentation and measurement systems used in a broad range of applications. Its product portfolio includes load cells, tension links, weighing modules, torque transducers, digital indicators and data acquisition systems. These solutions serve critical requirements for accuracy, reliability and repeatability in sectors such as industrial automation, test and measurement, medical devices, food and beverage processing, aerospace and defense.

The company traces its roots to the sensor and measurement division of Vishay Intertechnology, Inc, from which it was spun off as an independent public company in March 2016.