Eagle Boston Investment Management Inc. Has $9.69 Million Holdings in Rogers Co. (ROG)

Eagle Boston Investment Management Inc. lowered its position in shares of Rogers Co. (NYSE:ROG) by 47.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 59,866 shares of the electronics maker’s stock after selling 54,157 shares during the quarter. Eagle Boston Investment Management Inc. owned 0.33% of Rogers worth $9,693,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Aurora Investment Counsel purchased a new position in Rogers during the fourth quarter valued at approximately $2,013,000. New York State Common Retirement Fund lifted its holdings in Rogers by 36.3% during the third quarter. New York State Common Retirement Fund now owns 26,980 shares of the electronics maker’s stock valued at $3,596,000 after purchasing an additional 7,180 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in Rogers by 128.6% during the third quarter. Sterling Capital Management LLC now owns 27,717 shares of the electronics maker’s stock valued at $3,694,000 after purchasing an additional 15,594 shares in the last quarter. Atlantic Trust Group LLC purchased a new position in Rogers during the third quarter valued at approximately $1,250,000. Finally, GSA Capital Partners LLP purchased a new position in Rogers during the third quarter valued at approximately $633,000. 92.72% of the stock is currently owned by institutional investors and hedge funds.

In other news, SVP Jeffrey M. Grudzien sold 1,888 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $158.27, for a total value of $298,813.76. Following the transaction, the senior vice president now owns 24,192 shares of the company’s stock, valued at $3,828,867.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is currently owned by insiders.

Rogers Co. (NYSE:ROG) opened at $158.63 on Friday. Rogers Co. has a 1-year low of $78.52 and a 1-year high of $184.00. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.74 and a quick ratio of 2.74. The company has a market cap of $2,867.58, a price-to-earnings ratio of 29.33 and a beta of 1.22.

Several brokerages have weighed in on ROG. Zacks Investment Research downgraded shares of Rogers from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 4th. Needham & Company LLC reaffirmed a “buy” rating and set a $165.00 price target on shares of Rogers in a report on Friday, November 3rd. ValuEngine downgraded shares of Rogers from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, B. Riley boosted their target price on shares of Rogers from $147.00 to $180.00 and gave the stock a “buy” rating in a report on Sunday, November 5th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $164.00.

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About Rogers

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.

Institutional Ownership by Quarter for Rogers (NYSE:ROG)

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