Neuberger Berman Group LLC boosted its stake in shares of Rogers Co. (NYSE:ROG) by 2.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,565,202 shares of the electronics maker’s stock after acquiring an additional 31,667 shares during the period. Neuberger Berman Group LLC owned 8.58% of Rogers worth $208,610,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of ROG. Russell Investments Group Ltd. grew its stake in Rogers by 215.8% during the second quarter. Russell Investments Group Ltd. now owns 44,848 shares of the electronics maker’s stock valued at $4,872,000 after acquiring an additional 30,648 shares in the last quarter. Strs Ohio grew its stake in Rogers by 6.1% during the second quarter. Strs Ohio now owns 5,200 shares of the electronics maker’s stock valued at $564,000 after acquiring an additional 300 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its stake in Rogers by 28.2% during the second quarter. Municipal Employees Retirement System of Michigan now owns 5,270 shares of the electronics maker’s stock valued at $573,000 after acquiring an additional 1,160 shares in the last quarter. Great West Life Assurance Co. Can grew its stake in Rogers by 2.5% during the second quarter. Great West Life Assurance Co. Can now owns 26,444 shares of the electronics maker’s stock valued at $2,869,000 after acquiring an additional 639 shares in the last quarter. Finally, Texas Permanent School Fund grew its stake in Rogers by 1.3% during the second quarter. Texas Permanent School Fund now owns 13,235 shares of the electronics maker’s stock valued at $1,438,000 after acquiring an additional 176 shares in the last quarter. 93.26% of the stock is owned by institutional investors.
Several equities analysts recently weighed in on the stock. B. Riley reaffirmed a “buy” rating and set a $147.00 target price on shares of Rogers in a research note on Sunday, August 20th. Needham & Company LLC reiterated a “buy” rating and set a $165.00 price objective on shares of Rogers in a research report on Friday, November 3rd. Zacks Investment Research upgraded shares of Rogers from a “hold” rating to a “buy” rating and set a $130.00 price objective for the company in a research report on Friday, August 18th. Finally, ValuEngine lowered shares of Rogers from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $160.25.
Rogers Co. (NYSE:ROG) traded up $1.86 during mid-day trading on Wednesday, reaching $157.19. 229,300 shares of the company’s stock traded hands, compared to its average volume of 129,500. Rogers Co. has a fifty-two week low of $74.24 and a fifty-two week high of $168.07. The company has a quick ratio of 2.74, a current ratio of 3.74 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $2,833.83, a price-to-earnings ratio of 28.98 and a beta of 1.16.
Rogers (NYSE:ROG) last released its quarterly earnings data on Thursday, November 2nd. The electronics maker reported $1.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analyst estimates of $198.16 million. During the same quarter last year, the business earned $0.86 earnings per share. Rogers’s quarterly revenue was up 25.1% compared to the same quarter last year. research analysts anticipate that Rogers Co. will post 5.85 EPS for the current fiscal year.
In other news, SVP Jeffrey M. Grudzien sold 1,888 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $158.27, for a total value of $298,813.76. Following the completion of the sale, the senior vice president now owns 24,192 shares in the company, valued at approximately $3,828,867.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bruce D. Hoechner sold 23,200 shares of the firm’s 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 30,644 shares of company stock valued at $4,106,436 in the last 90 days. Company insiders own 1.50% of the company’s stock.
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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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