American Century Companies Inc. lowered its holdings in Rogers Co. (NYSE:ROG) by 4.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,231 shares of the electronics maker’s stock after selling 1,541 shares during the period. American Century Companies Inc. owned approximately 0.17% of Rogers worth $4,895,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of ROG. Ameritas Investment Partners Inc. raised its position in shares of Rogers by 10.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,584 shares of the electronics maker’s stock valued at $172,000 after buying an additional 147 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Rogers by 59.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 916 shares of the electronics maker’s stock valued at $148,000 after buying an additional 340 shares in the last quarter. US Bancorp DE raised its position in shares of Rogers by 4.9% in the 4th quarter. US Bancorp DE now owns 7,402 shares of the electronics maker’s stock valued at $1,198,000 after buying an additional 347 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of Rogers by 5.4% in the 4th quarter. Louisiana State Employees Retirement System now owns 7,800 shares of the electronics maker’s stock valued at $1,263,000 after buying an additional 400 shares in the last quarter. Finally, BB&T Corp raised its position in shares of Rogers by 22.4% in the 3rd quarter. BB&T Corp now owns 2,600 shares of the electronics maker’s stock valued at $347,000 after buying an additional 475 shares in the last quarter. 93.08% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently commented on ROG shares. B. Riley restated a “buy” rating and issued a $180.00 target price (up from $147.00) on shares of Rogers in a research report on Monday, October 30th. Needham & Company LLC restated a “buy” rating and issued a $165.00 target price 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 “strong-buy” rating and set a $171.00 target price for the company in a research report on Wednesday, November 8th. Finally, ValuEngine cut shares of Rogers from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $164.00.
In related news, SVP Jeffrey M. Grudzien sold 1,430 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $155.83, for a total transaction of $222,836.90. Following the completion of the transaction, the senior vice president now directly owns 23,293 shares in the company, valued at approximately $3,629,748.19. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.50% of the stock is owned by corporate insiders.
Rogers Co. (NYSE:ROG) opened at $159.25 on Friday. The stock has a market cap of $2,910.00, a P/E ratio of 34.47 and a beta of 1.22. Rogers Co. has a 12-month low of $80.35 and a 12-month 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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