Frontier Capital Management Co. LLC Trims Position in Rogers Co. (ROG)

Frontier Capital Management Co. LLC lowered its stake in shares of Rogers Co. (NYSE:ROG) by 3.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 327,337 shares of the electronics maker’s stock after selling 11,807 shares during the quarter. Frontier Capital Management Co. LLC owned approximately 1.78% of Rogers worth $48,223,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of ROG. Xact Kapitalforvaltning AB lifted its holdings in Rogers by 13.9% during the third quarter. Xact Kapitalforvaltning AB now owns 3,272 shares of the electronics maker’s stock valued at $482,000 after purchasing an additional 400 shares during the last quarter. BB&T Securities LLC lifted its holdings in Rogers by 13.3% during the second quarter. BB&T Securities LLC now owns 3,896 shares of the electronics maker’s stock valued at $434,000 after purchasing an additional 456 shares during the last quarter. Rothschild Asset Management Inc. lifted its holdings in Rogers by 0.3% during the second quarter. Rothschild Asset Management Inc. now owns 161,076 shares of the electronics maker’s stock valued at $17,954,000 after purchasing an additional 521 shares during the last quarter. Congress Asset Management Co. MA lifted its holdings in Rogers by 2.3% during the third quarter. Congress Asset Management Co. MA now owns 30,839 shares of the electronics maker’s stock valued at $4,543,000 after purchasing an additional 680 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in Rogers by 3.3% during the first quarter. Legal & General Group Plc now owns 37,765 shares of the electronics maker’s stock valued at $4,490,000 after purchasing an additional 1,218 shares during the last quarter. Institutional investors own 93.76% of the company’s stock.

Shares of Rogers stock opened at $131.50 on Friday. Rogers Co. has a 12-month low of $105.60 and a 12-month high of $184.00. The stock has a market capitalization of $2.26 billion, a PE ratio of 22.83 and a beta of 1.52. The company has a current ratio of 4.92, a quick ratio of 3.72 and a debt-to-equity ratio of 0.17.

Rogers (NYSE:ROG) last announced its quarterly earnings results on Thursday, November 1st. The electronics maker reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.11. Rogers had a net margin of 8.99% and a return on equity of 13.02%. The firm had revenue of $226.90 million for the quarter, compared to the consensus estimate of $224.89 million. During the same period in the prior year, the firm posted $1.41 earnings per share. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, analysts anticipate that Rogers Co. will post 5.47 earnings per share for the current year.

A number of equities research analysts have recently issued reports on ROG shares. ValuEngine downgraded shares of Rogers from a “buy” rating to a “hold” rating in a report on Monday, October 8th. Zacks Investment Research raised shares of Rogers from a “sell” rating to a “hold” rating in a report on Tuesday, September 25th. B. Riley increased their price target on shares of Rogers from $150.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, September 18th. Finally, Sidoti reissued a “buy” rating and issued a $175.00 price target on shares of Rogers in a report on Thursday, September 6th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Rogers has a consensus rating of “Buy” and a consensus price target of $175.25.

In related news, insider Bruce D. Hoechner sold 4,500 shares of the company’s stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $150.04, for a total value of $675,180.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Robert C. Daigle sold 2,346 shares of the company’s stock in a transaction that occurred on Friday, September 21st. The stock was sold at an average price of $150.00, for a total transaction of $351,900.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,712 shares of company stock worth $3,176,122. Insiders own 1.50% of the company’s stock.

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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