Aristotle Capital Boston LLC cut its position in shares of Rogers Co. (NYSE:ROG - Free Report) by 9.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 107,092 shares of the electronics maker's stock after selling 10,979 shares during the period. Aristotle Capital Boston LLC owned approximately 0.57% of Rogers worth $10,882,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Bank of Montreal Can grew its holdings in shares of Rogers by 6.2% in the fourth quarter. Bank of Montreal Can now owns 2,022 shares of the electronics maker's stock valued at $205,000 after purchasing an additional 118 shares in the last quarter. Inspire Investing LLC grew its stake in shares of Rogers by 5.7% in the 4th quarter. Inspire Investing LLC now owns 4,327 shares of the electronics maker's stock worth $440,000 after buying an additional 232 shares in the last quarter. Procyon Advisors LLC increased its holdings in shares of Rogers by 11.9% in the 4th quarter. Procyon Advisors LLC now owns 3,108 shares of the electronics maker's stock worth $316,000 after buying an additional 331 shares during the last quarter. Covestor Ltd increased its holdings in shares of Rogers by 43.7% in the 4th quarter. Covestor Ltd now owns 1,164 shares of the electronics maker's stock worth $118,000 after buying an additional 354 shares during the last quarter. Finally, Sterling Capital Management LLC raised its position in shares of Rogers by 810.8% during the 4th quarter. Sterling Capital Management LLC now owns 592 shares of the electronics maker's stock valued at $60,000 after buying an additional 527 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company's stock.
Rogers Price Performance
Shares of Rogers stock traded up $0.71 during trading on Tuesday, hitting $63.03. The stock had a trading volume of 365,222 shares, compared to its average volume of 174,671. The stock has a market cap of $1.17 billion, a PE ratio of 44.70 and a beta of 0.41. Rogers Co. has a 12 month low of $51.43 and a 12 month high of $134.07. The firm's fifty day simple moving average is $65.83 and its 200-day simple moving average is $87.57.
Rogers (NYSE:ROG - Get Free Report) last released its earnings results on Tuesday, April 29th. The electronics maker reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.03. Rogers had a return on equity of 3.98% and a net margin of 3.14%. The firm had revenue of $190.50 million for the quarter, compared to analysts' expectations of $187.50 million. Analysts expect that Rogers Co. will post 3.57 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several equities research analysts have weighed in on ROG shares. CL King started coverage on Rogers in a research note on Monday, March 31st. They set a "buy" rating and a $85.00 price objective on the stock. B. Riley boosted their target price on Rogers from $80.00 to $85.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th.
View Our Latest Stock Report on ROG
Insiders Place Their Bets
In related news, VP Griffin Melaney Gappert sold 756 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $62.55, for a total value of $47,287.80. Following the completion of the sale, the vice president now owns 4,484 shares in the company, valued at approximately $280,474.20. The trade was a 14.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.35% of the company's stock.
Rogers Profile
(
Free Report)
Rogers Corporation engages in the design, development, manufacture, and sale of engineered materials and components worldwide. It operates through Advanced Electronics Solutions (AES), Elastomeric Material Solutions (EMS), and Other segments. The AES segment offers circuit materials, ceramic substrate materials, busbars, and cooling solutions for applications in electric and hybrid electric vehicles (EV/HEV), wireless infrastructure, automotive, renewable energy, aerospace and defense, mass transit, industrial, connected devices, and wired infrastructure.
Featured Stories
Before you consider Rogers, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rogers wasn't on the list.
While Rogers currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
