Bank of America Corp DE grew its holdings in Rogers Co. (NYSE:ROG - Free Report) by 26.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 321,337 shares of the electronics maker's stock after purchasing an additional 67,454 shares during the quarter. Bank of America Corp DE owned about 1.72% of Rogers worth $32,651,000 as of its most recent filing with the SEC.
A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. raised its position in Rogers by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 2,353,358 shares of the electronics maker's stock worth $239,125,000 after purchasing an additional 40,835 shares in the last quarter. Norges Bank bought a new stake in Rogers in the fourth quarter valued at $113,725,000. Neuberger Berman Group LLC raised its stake in Rogers by 35.6% during the fourth quarter. Neuberger Berman Group LLC now owns 972,623 shares of the electronics maker's stock worth $98,828,000 after acquiring an additional 255,423 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Rogers by 6.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 874,139 shares of the electronics maker's stock valued at $88,823,000 after purchasing an additional 50,708 shares in the last quarter. Finally, Nuance Investments LLC lifted its holdings in Rogers by 26.6% during the 4th quarter. Nuance Investments LLC now owns 810,081 shares of the electronics maker's stock valued at $82,312,000 after purchasing an additional 170,145 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors.
Rogers Trading Down 2.9%
ROG stock traded down $2.00 during trading hours on Wednesday, hitting $66.56. 58,216 shares of the stock were exchanged, compared to its average volume of 235,637. The firm has a market capitalization of $1.23 billion, a P/E ratio of 47.18 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 company has a 50-day simple moving average of $64.29 and a two-hundred day simple moving average of $85.24.
Rogers (NYSE:ROG - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The electronics maker reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.03. The firm had revenue of $190.50 million during the quarter, compared to analysts' expectations of $187.50 million. Rogers had a net margin of 3.14% and a return on equity of 3.98%. On average, equities research analysts predict that Rogers Co. will post 3.57 earnings per share for the current year.
Analysts Set New Price Targets
ROG has been the topic of several research reports. CL King started coverage on shares of Rogers in a research report on Monday, March 31st. They set a "buy" rating and a $85.00 price target 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 note on Wednesday, April 30th.
Get Our Latest Analysis on Rogers
Insiders Place Their Bets
In related news, VP Griffin Melaney Gappert sold 756 shares of Rogers stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $62.55, for a total value of $47,287.80. Following the sale, the vice president now owns 4,484 shares of the company's stock, valued at approximately $280,474.20. The trade was a 14.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.35% of the company's stock.
About Rogers
(
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.
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