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

Leeward Investments LLC MA reduced its stake in Rogers Corporation (NYSE:ROG - Free Report) by 3.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 102,922 shares of the electronics maker's stock after selling 3,674 shares during the period. Leeward Investments LLC MA owned 0.56% of Rogers worth $6,950,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Sequoia Financial Advisors LLC boosted its holdings 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 acquiring an additional 704 shares in the last quarter. Illinois Municipal Retirement Fund increased its stake in 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. grew its holdings in shares of Rogers by 5.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 242,914 shares of the electronics maker's stock valued at $24,682,000 after buying an additional 13,311 shares during the last quarter. Neuberger Berman Group LLC raised its holdings in shares of Rogers by 35.6% in the 4th quarter. Neuberger Berman Group LLC now owns 972,623 shares of the electronics maker's stock worth $98,828,000 after acquiring an additional 255,423 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new position in Rogers during the 4th quarter valued at about $432,000. Institutional investors and hedge funds own 96.02% of the company's stock.

Insider Transactions at Rogers

In related 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 value of $47,287.80. Following the completion of the sale, the vice president owned 4,484 shares of the company's stock, valued at approximately $280,474.20. This trade represents a 14.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.35% of the stock is owned by corporate insiders.

Rogers Trading Up 0.1%

Shares of NYSE:ROG traded up $0.09 during midday trading on Friday, reaching $73.44. The company had a trading volume of 90,346 shares, compared to its average volume of 172,074. The stock has a market cap of $1.36 billion, a P/E ratio of 80.70 and a beta of 0.44. The company's 50 day moving average price is $67.50 and its 200 day moving average price is $77.00. Rogers Corporation has a 52-week low of $51.43 and a 52-week high of $134.07.

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. B. Riley raised their target price 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 shares of Rogers in a research report on Monday, March 31st. They issued a "buy" rating and a $85.00 price objective for the company.

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.