Vishay Precision Group Inc (NYSE:VPG) Director Acquires $14,052.00 in Stock

Vishay Precision Group Inc (NYSE:VPG) Director Bruce A. Lerner purchased 400 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were bought at an average cost of $35.13 per share, for a total transaction of $14,052.00. Following the completion of the acquisition, the director now directly owns 4,786 shares in the company, valued at approximately $168,132.18. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of Vishay Precision Group stock traded down $0.44 during midday trading on Friday, hitting $34.76. 100,500 shares of the company traded hands, compared to its average volume of 55,543. The stock has a market cap of $475.90 million, a price-to-earnings ratio of 16.96, a PEG ratio of 1.16 and a beta of 1.07. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.12 and a current ratio of 4.39. The firm’s fifty day moving average price is $33.01 and its 200-day moving average price is $36.02. Vishay Precision Group Inc has a 12 month low of $26.34 and a 12 month high of $41.90.

Vishay Precision Group (NYSE:VPG) last announced its quarterly earnings results on Tuesday, November 5th. The scientific and technical instruments company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. The company had revenue of $67.42 million for the quarter, compared to analyst estimates of $67.38 million. Vishay Precision Group had a net margin of 7.45% and a return on equity of 11.76%. The firm’s revenue was down 10.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.57 EPS. Equities research analysts forecast that Vishay Precision Group Inc will post 1.6 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC grew its holdings in Vishay Precision Group by 78.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 916 shares of the scientific and technical instruments company’s stock worth $30,000 after acquiring an additional 402 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in Vishay Precision Group by 764.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 1,530 shares of the scientific and technical instruments company’s stock worth $50,000 after acquiring an additional 1,353 shares during the last quarter. First Interstate Bank bought a new stake in Vishay Precision Group during the 3rd quarter worth approximately $57,000. SG Americas Securities LLC bought a new stake in Vishay Precision Group during the 3rd quarter worth approximately $154,000. Finally, Man Group plc bought a new stake in Vishay Precision Group during the 2nd quarter worth approximately $203,000. 80.66% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages recently issued reports on VPG. ValuEngine raised shares of Vishay Precision Group from a “sell” rating to a “hold” rating in a report on Thursday, August 15th. B. Riley lifted their price target on shares of Vishay Precision Group from $44.00 to $45.00 and gave the company a “buy” rating in a report on Wednesday.

Vishay Precision Group Company Profile

Vishay Precision Group, Inc designs, manufactures, and markets sensors, sensor-based measurement systems, specialty resistors, and strain gages in Asia, the United States, Israel, Europe, the United Kingdom, and Canada. It operates through three segments: Foil Technology Products, Force Sensors, and Weighing and Control Systems.

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