Rogers Co. (NYSE:ROG) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC trimmed its stake in Rogers Co. (NYSE:ROG - Free Report) by 31.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,041 shares of the electronics maker's stock after selling 22,776 shares during the period. Nuveen Asset Management LLC owned 0.27% of Rogers worth $5,085,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ROG. Norges Bank purchased a new stake in shares of Rogers in the 4th quarter worth $113,725,000. Neuberger Berman Group LLC boosted its holdings in shares of Rogers by 35.6% during the 4th 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 during the last quarter. Ameriprise Financial Inc. boosted its holdings 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 last quarter. Nuance Investments LLC raised its position 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 buying an additional 170,145 shares in the last quarter. Finally, Cooper Creek Partners Management LLC purchased a new stake in shares of Rogers during the 4th quarter valued at about $8,317,000. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Rogers

In other news, VP Griffin Melaney Gappert sold 756 shares of Rogers stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $62.55, for a total transaction of $47,287.80. Following the completion of the sale, 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.35% of the stock is owned by insiders.

Rogers Stock Performance

ROG traded down $0.71 during trading on Monday, hitting $65.86. The stock had a trading volume of 151,965 shares, compared to its average volume of 176,170. The company has a market capitalization of $1.22 billion, a PE ratio of 46.71 and a beta of 0.41. Rogers Co. has a twelve month low of $51.43 and a twelve month high of $134.07. The stock has a 50 day simple moving average of $62.95 and a two-hundred day simple moving average of $82.88.

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, beating the consensus estimate of $0.24 by $0.03. The company 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 research analysts anticipate that Rogers Co. will post 3.57 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.