Rogers Corporation $ROG Shares Bought by Neuberger Berman Group LLC

Key Points

• Neuberger Berman Group LLC increased its stake in Rogers Corporation by 5.5%, acquiring an additional 53,093 shares to own 1,025,716 shares valued at approximately $69.27 million.
• Other institutional investors also significantly boosted their holdings in Rogers, with increases ranging from 243.5% to over 6,000% among various firms during the first quarter.
• Despite a positive revenue of $202.80 million for the quarter, Rogers reported an EPS of $0.34, missing analysts' expectations of $0.50.

Neuberger Berman Group LLC grew its holdings in shares of Rogers Corporation (NYSE:ROG - Free Report) by 5.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,025,716 shares of the electronics maker's stock after buying an additional 53,093 shares during the period. Neuberger Berman Group LLC owned 5.54% of Rogers worth $69,267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Bank of Montreal Can lifted its holdings in Rogers by 6.2% during the 4th quarter. Bank of Montreal Can now owns 2,022 shares of the electronics maker's stock worth $205,000 after buying an additional 118 shares during the last quarter. CWM LLC boosted its position in shares of Rogers by 11.8% in the 1st quarter. CWM LLC now owns 2,271 shares of the electronics maker's stock valued at $153,000 after purchasing an additional 240 shares during the period. GAMMA Investing LLC boosted its position in shares of Rogers by 243.5% in 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 during the period. Bridge City Capital LLC boosted its position in shares of Rogers by 1.6% in 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. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Rogers by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,685 shares of the electronics maker's stock valued at $1,086,000 after purchasing an additional 398 shares during the period. 96.02% of the stock is owned by hedge funds and other institutional investors.

Rogers Trading Down 1.1%

Shares of NYSE ROG traded down $0.86 during trading hours on Monday, reaching $75.78. The stock had a trading volume of 213,917 shares, compared to its average volume of 232,339. The firm has a 50-day moving average of $69.60 and a 200-day moving average of $70.53. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of -21.47 and a beta of 0.46. Rogers Corporation has a fifty-two week low of $51.43 and a fifty-two week high of $114.05.

Rogers (NYSE:ROG - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The electronics maker reported $0.34 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.16). The company had revenue of $202.80 million for the quarter, compared to analysts' expectations of $198.75 million. Rogers had a negative net margin of 8.14% and a positive return on equity of 3.04%. On average, equities analysts predict that Rogers Corporation will post 3.57 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, B. Riley upped 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.

Rogers 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.