Sei Investments Co. raised its position in shares of Rogers Co. (NYSE:ROG) by 192.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,641 shares of the electronics maker’s stock after acquiring an additional 28,738 shares during the period. Sei Investments Co. owned approximately 0.24% of Rogers worth $5,816,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in ROG. Vanguard Group Inc. raised its position in Rogers by 5.3% in the second quarter. Vanguard Group Inc. now owns 1,636,085 shares of the electronics maker’s stock worth $177,712,000 after purchasing an additional 82,322 shares in the last quarter. Neuberger Berman Group LLC raised its position in Rogers by 1.9% in the second quarter. Neuberger Berman Group LLC now owns 1,533,535 shares of the electronics maker’s stock worth $166,573,000 after purchasing an additional 28,911 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Rogers by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,049,565 shares of the electronics maker’s stock worth $114,004,000 after purchasing an additional 5,406 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Rogers by 3.4% during the second quarter. Northern Trust Corp now owns 618,786 shares of the electronics maker’s stock worth $67,212,000 after buying an additional 20,253 shares in the last quarter. Finally, Conestoga Capital Advisors LLC increased its holdings in shares of Rogers by 41.2% during the third quarter. Conestoga Capital Advisors LLC now owns 451,983 shares of the electronics maker’s stock worth $60,240,000 after buying an additional 131,853 shares in the last quarter. Institutional investors own 93.26% of the company’s stock.
Rogers Co. (NYSE:ROG) traded down $4.50 on Tuesday, reaching $153.67. 187,800 shares of the company’s stock traded hands, compared to its average volume of 128,806. The company has a current ratio of 3.74, a quick ratio of 2.74 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $2,800.00, a price-to-earnings ratio of 29.51 and a beta of 1.16. Rogers Co. has a 12 month low of $73.25 and a 12 month high of $168.07.
Rogers (NYSE:ROG) last issued its quarterly earnings data on Thursday, November 2nd. The electronics maker reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.15. Rogers had a net margin of 10.88% and a return on equity of 14.22%. The business had revenue of $206.80 million for the quarter, compared to analyst estimates of $198.16 million. During the same period last year, the business posted $0.86 earnings per share. The firm’s quarterly revenue was up 25.1% on a year-over-year basis. research analysts forecast that Rogers Co. will post 5.85 earnings per share for the current fiscal year.
Several research firms have recently weighed in on ROG. ValuEngine lowered shares of Rogers from a “buy” rating to a “hold” rating in a report on Friday. B. Riley increased their price target on shares of Rogers from $147.00 to $180.00 and gave the company a “buy” rating in a research note on Sunday, November 5th. Needham & Company LLC reissued a “buy” rating and set a $165.00 price target on shares of Rogers in a research note on Friday, November 3rd. Zacks Investment Research raised shares of Rogers from a “hold” rating to a “strong-buy” rating and set a $171.00 price objective on the stock in a research note on Wednesday, November 8th. Finally, BidaskClub raised shares of Rogers from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $160.25.
In related news, SVP Robert C. Daigle sold 683 shares of Rogers stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $124.00, for a total transaction of $84,692.00. Following the completion of the sale, the senior vice president now owns 25,612 shares of the company’s stock, valued at approximately $3,175,888. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bruce D. Hoechner sold 23,200 shares of Rogers stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $133.23, for a total transaction of $3,090,936.00. The disclosure for this sale can be found here. Insiders sold a total of 31,327 shares of company stock worth $4,191,128 over the last quarter. Company insiders own 1.50% of the company’s stock.
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Rogers Company Profile
Rogers Corporation manufactures and sells engineered materials and components for mission critical applications. The Company’s segments are Advanced Connectivity Solutions (ACS), Elastomeric Material Solutions (EMS), Power Electronics Solutions (PES) and Other. The ACS segment manufactures and sells circuit materials and solutions for applications in wireless communications infrastructure, automotive, connected devices, consumer electronics and aerospace/defense.
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