American International Group Inc. increased its stake in Vishay Precision Group, Inc. (NYSE:VPG) by 7.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,440 shares of the scientific and technical instruments company’s stock after buying an additional 484 shares during the period. American International Group Inc.’s holdings in Vishay Precision Group were worth $118,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in VPG. TFS Capital LLC acquired a new stake in Vishay Precision Group during the first quarter valued at $158,000. Metropolitan Life Insurance Co. NY increased its stake in Vishay Precision Group by 852.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 9,507 shares of the scientific and technical instruments company’s stock valued at $180,000 after buying an additional 8,509 shares in the last quarter. Eagle Global Advisors LLC increased its stake in Vishay Precision Group by 3.8% in the first quarter. Eagle Global Advisors LLC now owns 16,864 shares of the scientific and technical instruments company’s stock valued at $266,000 after buying an additional 620 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in Vishay Precision Group during the fourth quarter valued at $419,000. Finally, Bank of New York Mellon Corp increased its stake in Vishay Precision Group by 1.0% in the first quarter. Bank of New York Mellon Corp now owns 77,906 shares of the scientific and technical instruments company’s stock valued at $1,231,000 after buying an additional 762 shares in the last quarter. Institutional investors own 87.33% of the company’s stock.
Shares of Vishay Precision Group, Inc. (NYSE:VPG) opened at 17.90 on Wednesday. Vishay Precision Group, Inc. has a 1-year low of $11.75 and a 1-year high of $19.45. The company has a market capitalization of $236.58 million, a P/E ratio of 30.29 and a beta of 0.95. The firm has a 50-day moving average of $17.45 and a 200 day moving average of $16.90.
Vishay Precision Group (NYSE:VPG) last posted its earnings results on Tuesday, August 8th. The scientific and technical instruments company reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.05. The company had revenue of $62.30 million during the quarter, compared to analysts’ expectations of $60.19 million. Vishay Precision Group had a net margin of 3.47% and a return on equity of 6.19%. Vishay Precision Group’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the company posted $0.15 earnings per share. On average, analysts anticipate that Vishay Precision Group, Inc. will post $0.85 EPS for the current year.
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Separately, B. Riley reissued a “buy” rating and issued a $22.00 price target on shares of Vishay Precision Group in a research note on Saturday, May 13th.
Vishay Precision Group Company Profile
Vishay Precision Group, Inc (VPG) is a designer, manufacturer and marketer of sensors and sensor-based measurement systems, as well as specialty resistors and strain gages. The Company operates through three business segments: Foil Technology Products, Force Sensors, and Weighing and Control Systems.
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