Rogers Co. (ROG) Position Reduced by Navellier & Associates Inc

Navellier & Associates Inc lessened its position in Rogers Co. (NYSE:ROG) by 80.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,083 shares of the electronics maker’s stock after selling 8,484 shares during the quarter. Navellier & Associates Inc’s holdings in Rogers were worth $249,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Rogers by 59.0% in 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 period. LPL Financial LLC bought a new position in Rogers in the 4th quarter worth $201,000. Oppenheimer Asset Management Inc. bought a new position in Rogers in the 1st quarter worth $213,000. SG Americas Securities LLC bought a new position in Rogers in the 1st quarter worth $219,000. Finally, Cubist Systematic Strategies LLC bought a new position in Rogers in the 1st quarter worth $223,000. Hedge funds and other institutional investors own 93.52% of the company’s stock.

Several research analysts recently commented on ROG shares. Zacks Investment Research downgraded shares of Rogers from a “hold” rating to a “sell” rating in a report on Friday, March 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $175.00 target price (down previously from $180.00) on shares of Rogers in a report on Thursday, March 1st. B. Riley dropped their price objective on shares of Rogers from $180.00 to $155.00 and set a “buy” rating on the stock in a report on Friday, April 27th. Finally, ValuEngine upgraded shares of Rogers from a “sell” rating to a “hold” rating in a report on Monday, May 14th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $167.00.

In related news, CFO Janice E. Stipp sold 9,392 shares of the company’s stock in a transaction dated Tuesday, May 1st. The shares were sold at an average price of $109.00, for a total value of $1,023,728.00. Following the sale, the chief financial officer now owns 17,666 shares of the company’s stock, valued at $1,925,594. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Helen Zhang sold 9,325 shares of the company’s stock in a transaction dated Monday, April 30th. The shares were sold at an average price of $110.06, for a total transaction of $1,026,309.50. Following the completion of the sale, the senior vice president now directly owns 13,676 shares in the company, valued at approximately $1,505,180.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,277 shares of company stock worth $2,235,582. Insiders own 1.50% of the company’s stock.

Rogers opened at $115.61 on Friday, MarketBeat.com reports. Rogers Co. has a 52-week low of $105.39 and a 52-week high of $184.00. The company has a current ratio of 4.76, a quick ratio of 3.68 and a debt-to-equity ratio of 0.17. The stock has a market cap of $2.15 billion, a PE ratio of 20.07 and a beta of 1.51.

Rogers (NYSE:ROG) last posted its quarterly earnings data on Thursday, April 26th. The electronics maker reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.09. Rogers had a net margin of 9.56% and a return on equity of 13.71%. The company had revenue of $214.61 million for the quarter, compared to the consensus estimate of $212.07 million. During the same quarter in the previous year, the firm posted $1.68 EPS. The business’s revenue was up 5.3% compared to the same quarter last year. research analysts expect that Rogers Co. will post 5.88 earnings per share for the current year.

Rogers Company Profile

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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Institutional Ownership by Quarter for Rogers (NYSE:ROG)

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