Leeward Investments LLC MA Sells 3,674 Shares of Rogers Corporation (NYSE:ROG)

Leeward Investments LLC MA lessened its holdings in Rogers Corporation (NYSE:ROG - Free Report) by 3.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 102,922 shares of the electronics maker's stock after selling 3,674 shares during the quarter. Leeward Investments LLC MA owned 0.56% of Rogers worth $6,950,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC raised its position in Rogers by 22.9% in the 1st 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. Illinois Municipal Retirement Fund boosted its stake in shares of Rogers by 4.6% during the 1st quarter. Illinois Municipal Retirement Fund now owns 9,165 shares of the electronics maker's stock valued at $619,000 after purchasing an additional 407 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Rogers by 5.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 242,914 shares of the electronics maker's stock valued at $24,682,000 after purchasing an additional 13,311 shares in the last quarter. Neuberger Berman Group LLC boosted its stake 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 in the last quarter. Finally, WINTON GROUP Ltd bought a new stake in shares of Rogers during the 4th quarter valued at about $432,000. Hedge funds and other institutional investors own 96.02% of the company's stock.

Rogers Price Performance

NYSE:ROG traded up $2.20 during mid-day trading on Tuesday, hitting $73.20. 95,997 shares of the company's stock were exchanged, compared to its average volume of 171,719. Rogers Corporation has a one year low of $51.43 and a one year high of $134.07. The business has a fifty day moving average price of $68.04 and a 200 day moving average price of $76.44. The company has a market cap of $1.36 billion, a PE ratio of 80.44 and a beta of 0.44.

Rogers (NYSE:ROG - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The electronics maker reported $0.27 EPS for the quarter, topping the consensus estimate of $0.24 by $0.03. Rogers had a net margin of 2.09% and a return on equity of 3.52%. The business had revenue of $190.50 million for the quarter, compared to analyst estimates of $187.50 million. On average, equities analysts forecast that Rogers Corporation will post 3.57 EPS for the current fiscal year.

Analysts Set New Price Targets

ROG has been the topic of a number of research reports. B. Riley lifted their target price on shares of Rogers from $80.00 to $85.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. CL King initiated coverage on shares of Rogers in a research note on Monday, March 31st. They set a "buy" rating and a $85.00 target price on the stock.

Insider Buying and Selling

In related news, VP Griffin Melaney Gappert sold 756 shares of the business's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $62.55, for a total transaction of $47,287.80. Following the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.85% of the stock is owned by insiders.

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.