Two Sigma Investments LP reduced its position in shares of Rogers Co. (NYSE:ROG) by 95.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,895 shares of the electronics maker’s stock after selling 41,207 shares during the period. Two Sigma Investments LP’s holdings in Rogers were worth $307,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Rogers by 59.0% in the fourth 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. US Bancorp DE raised its stake in shares of Rogers by 4.9% in the fourth quarter. US Bancorp DE now owns 7,402 shares of the electronics maker’s stock worth $1,198,000 after acquiring an additional 347 shares during the last quarter. Profund Advisors LLC raised its stake in shares of Rogers by 18.8% in the fourth quarter. Profund Advisors LLC now owns 2,255 shares of the electronics maker’s stock worth $365,000 after acquiring an additional 357 shares during the last quarter. ETRADE Capital Management LLC raised its stake in shares of Rogers by 3.7% in the fourth quarter. ETRADE Capital Management LLC now owns 10,217 shares of the electronics maker’s stock worth $1,654,000 after acquiring an additional 368 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in shares of Rogers by 5.4% in the fourth quarter. Louisiana State Employees Retirement System now owns 7,800 shares of the electronics maker’s stock worth $1,263,000 after acquiring an additional 400 shares during the last quarter. 96.64% of the stock is owned by hedge funds and other institutional investors.
ROG has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Rogers from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $175.00 target price (down from $180.00) on shares of Rogers in a research note on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. Rogers currently has an average rating of “Buy” and an average price target of $162.75.
ROG opened at $123.16 on Thursday. The company has a quick ratio of 3.01, a current ratio of 3.99 and a debt-to-equity ratio of 0.18. The company has a market cap of $2,193.21, a P/E ratio of 21.38 and a beta of 1.47. Rogers Co. has a fifty-two week low of $81.96 and a fifty-two week high of $184.00.
Rogers (NYSE:ROG) last posted its quarterly earnings results on Tuesday, February 27th. The electronics maker reported $1.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.42 by ($0.06). The business had revenue of $209.01 million for the quarter, compared to the consensus estimate of $206.50 million. Rogers had a return on equity of 14.72% and a net margin of 9.80%. equities research analysts anticipate that Rogers Co. will post 6.17 earnings per share for the current fiscal year.
In related news, SVP Jay B. Knoll sold 1,250 shares of the business’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $131.78, for a total transaction of $164,725.00. Following the completion of the sale, the senior vice president now directly owns 5,909 shares of the company’s stock, valued at $778,688.02. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Jeffrey M. Grudzien sold 1,430 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $155.83, for a total transaction of $222,836.90. Following the sale, the senior vice president now directly owns 23,293 shares of the company’s stock, valued at $3,629,748.19. The disclosure for this sale can be found here. Insiders own 0.96% of the company’s stock.
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Rogers Corporation designs, develops, manufactures, and sells engineered materials and components worldwide. The company's Advanced Connectivity Solutions segment offers circuit materials and solutions for connectivity applications in wireless communications infrastructure, automotive, connected devices, wired infrastructure, consumer electronics, and aerospace/defense.
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