Marathon Asset Management Ltd Has $9.94 Million Stake in Rogers Corporation (NYSE:ROG)

Marathon Asset Management Ltd decreased its stake in shares of Rogers Corporation (NYSE:ROG - Free Report) by 9.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 147,138 shares of the electronics maker's stock after selling 15,708 shares during the period. Marathon Asset Management Ltd owned approximately 0.79% of Rogers worth $9,937,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ROG. Illinois Municipal Retirement Fund boosted its holdings in shares of Rogers by 4.6% in the first quarter. Illinois Municipal Retirement Fund now owns 9,165 shares of the electronics maker's stock valued at $619,000 after acquiring an additional 407 shares in the last quarter. Hedges Asset Management LLC lifted its position in Rogers by 29.6% in the first quarter. Hedges Asset Management LLC now owns 4,600 shares of the electronics maker's stock worth $311,000 after purchasing an additional 1,050 shares during the period. Sequoia Financial Advisors LLC lifted its position in Rogers by 22.9% in the first quarter. Sequoia Financial Advisors LLC now owns 3,777 shares of the electronics maker's stock worth $255,000 after purchasing an additional 704 shares during the period. GAMMA Investing LLC boosted its stake in Rogers by 243.5% during the 1st quarter. GAMMA Investing LLC now owns 371 shares of the electronics maker's stock valued at $25,000 after purchasing an additional 263 shares in the last quarter. Finally, Bridge City Capital LLC increased its position in shares of Rogers by 1.6% during the 1st quarter. Bridge City Capital LLC now owns 20,208 shares of the electronics maker's stock valued at $1,365,000 after purchasing an additional 314 shares during the period. 96.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ROG has been the subject of several research reports. CL King began coverage on Rogers in a research note on Monday, March 31st. They set a "buy" rating and a $85.00 target price for the company. B. Riley raised their price objective on shares of Rogers from $80.00 to $85.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th.

Insider Transactions at Rogers

In other Rogers news, VP Griffin Melaney Gappert sold 756 shares of Rogers stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $62.55, for a total transaction of $47,287.80. Following the transaction, the vice president owned 4,484 shares of the company's stock, valued at $280,474.20. The trade was a 14.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.85% of the company's stock.

Rogers Stock Performance

Shares of NYSE ROG traded up $2.70 during trading on Tuesday, hitting $71.18. The company had a trading volume of 160,398 shares, compared to its average volume of 172,290. Rogers Corporation has a 52 week low of $51.43 and a 52 week high of $134.07. The company has a market cap of $1.32 billion, a P/E ratio of 78.23 and a beta of 0.45. The business's 50-day moving average is $66.16 and its 200 day moving average is $77.51.

Rogers (NYSE:ROG - Get Free Report) last announced its 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 company had revenue of $190.50 million for the quarter, compared to the consensus estimate of $187.50 million. Rogers had a net margin of 2.09% and a return on equity of 3.52%. On average, research analysts expect that Rogers Corporation will post 3.57 EPS for the current year.

About Rogers

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.