Gotham Asset Management LLC Decreases Stock Position in Rogers Co. (NYSE:ROG)

Gotham Asset Management LLC reduced its position in Rogers Co. (NYSE:ROG - Free Report) by 46.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,708 shares of the electronics maker's stock after selling 6,749 shares during the quarter. Gotham Asset Management LLC's holdings in Rogers were worth $783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new stake in Rogers during the 4th quarter valued at $113,725,000. Neuberger Berman Group LLC grew its position in shares of Rogers by 35.6% in the fourth quarter. Neuberger Berman Group LLC now owns 972,623 shares of the electronics maker's stock valued at $98,828,000 after purchasing an additional 255,423 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Rogers by 66.0% during the 4th quarter. Ameriprise Financial Inc. now owns 453,144 shares of the electronics maker's stock valued at $46,044,000 after purchasing an additional 180,086 shares during the period. Nuance Investments LLC raised its stake in shares of 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 period. Finally, Cooper Creek Partners Management LLC purchased a new stake in Rogers during the 4th quarter worth about $8,317,000. 96.02% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, VP Griffin Melaney Gappert sold 756 shares of the company's stock in a transaction 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 completion of the transaction, the vice president now directly 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.35% of the stock is owned by company insiders.

Rogers Stock Up 0.7%

Shares of ROG stock traded up $0.44 on Thursday, reaching $67.07. The company's stock had a trading volume of 108,230 shares, compared to its average volume of 177,822. The company has a market capitalization of $1.24 billion, a P/E ratio of 47.56 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 stock's 50 day simple moving average is $64.06 and its 200-day simple moving average is $85.12.

Rogers (NYSE:ROG - Get Free Report) last announced its earnings results on Tuesday, April 29th. The electronics maker reported $0.27 earnings per share for the quarter, topping 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 business had revenue of $190.50 million for the quarter, compared to analyst estimates of $187.50 million. Research analysts expect that Rogers Co. will post 3.57 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on ROG shares. B. Riley lifted their target price on Rogers from $80.00 to $85.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. CL King started coverage on shares of Rogers in a research note on Monday, March 31st. They set a "buy" rating and a $85.00 price objective for the company.

Rogers Company Profile

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.