Crossmark Global Holdings Inc. increased its holdings in shares of Rogers Co. (NYSE:ROG) by 31.4% in the fourth quarter, Holdings Channel reports. The fund owned 4,547 shares of the electronics maker’s stock after buying an additional 1,087 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Rogers were worth $736,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Oppenheimer Asset Management Inc. lifted its stake in shares of Rogers by 178.3% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 782 shares of the electronics maker’s stock worth $105,000 after acquiring an additional 501 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Rogers by 59.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 916 shares of the electronics maker’s stock worth $148,000 after acquiring an additional 340 shares during the last quarter. Quantbot Technologies LP lifted its stake in shares of Rogers by 852.9% during the 3rd quarter. Quantbot Technologies LP now owns 1,134 shares of the electronics maker’s stock worth $151,000 after acquiring an additional 1,015 shares during the last quarter. WealthTrust Axiom LLC bought a new stake in shares of Rogers during the 4th quarter worth approximately $242,000. Finally, Pitcairn Co. bought a new stake in shares of Rogers during the 3rd quarter worth approximately $202,000. 92.72% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts recently issued reports on the company. Zacks Investment Research lowered Rogers from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 4th. Needham & Company LLC raised their price target on Rogers to $180.00 and gave the stock a “positive” rating in a research note on Tuesday, December 19th. ValuEngine lowered Rogers from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, B. Riley reissued a “buy” rating and set a $180.00 price target on shares of Rogers in a research note on Friday, December 15th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $164.00.
In other Rogers news, SVP Jeffrey M. Grudzien sold 1,888 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $158.27, for a total transaction of $298,813.76. Following the transaction, the senior vice president now directly 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 at the SEC website. Company insiders own 1.50% of the company’s stock.
Rogers Co. (ROG) opened at $157.51 on Friday. The company has a market capitalization of $2,894.03, a price-to-earnings ratio of 34.09 and a beta of 1.22. Rogers Co. has a fifty-two week low of $78.52 and a fifty-two week high of $184.00. The company has a current ratio of 3.74, a quick ratio of 2.74 and a debt-to-equity ratio of 0.18.
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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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