Nomura Holdings Inc. bought a new stake in shares of Rogers Co. (NYSE:ROG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 7,604 shares of the electronics maker's stock, valued at approximately $773,000.
A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Rogers by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 2,353,358 shares of the electronics maker's stock valued at $239,125,000 after acquiring an additional 40,835 shares in the last quarter. Norges Bank bought a new stake in shares of Rogers in the fourth quarter valued at about $113,725,000. Neuberger Berman Group LLC raised its holdings 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 acquiring an additional 255,423 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Rogers by 6.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 874,139 shares of the electronics maker's stock valued at $88,823,000 after acquiring an additional 50,708 shares in the last quarter. Finally, Nuance Investments LLC raised its holdings in shares of Rogers by 26.6% in the fourth quarter. Nuance Investments LLC now owns 810,081 shares of the electronics maker's stock valued at $82,312,000 after acquiring an additional 170,145 shares in the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, VP Griffin Melaney Gappert sold 756 shares of the business's 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 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.35% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on ROG. B. Riley lifted their price objective on Rogers from $80.00 to $85.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. CL King began coverage on Rogers in a report on Monday, March 31st. They issued a "buy" rating and a $85.00 price objective for the company.
Check Out Our Latest Analysis on Rogers
Rogers Stock Performance
Shares of Rogers stock opened at $68.61 on Tuesday. The company has a market capitalization of $1.27 billion, a PE ratio of 48.66 and a beta of 0.41. The company has a 50-day simple moving average of $64.37 and a two-hundred day simple moving average of $85.36. Rogers Co. has a one year low of $51.43 and a one year high of $134.07.
Rogers (NYSE:ROG - Get Free Report) last announced its earnings results on Tuesday, April 29th. The electronics maker reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.03. The business had revenue of $190.50 million during the quarter, compared to the consensus estimate of $187.50 million. Rogers had a net margin of 3.14% and a return on equity of 3.98%. On average, equities analysts predict that Rogers Co. will post 3.57 earnings per share for the current fiscal year.
Rogers Company 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.
Further Reading
Want to see what other hedge funds are holding ROG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rogers Co. (NYSE:ROG - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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
MarketBeat's analysts have just released their top five short plays for June 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
