Victory Capital Management Inc. Decreases Stock Holdings in Rogers Corporation (NYSE:ROG)

Victory Capital Management Inc. trimmed its stake in shares of Rogers Corporation (NYSE:ROG - Free Report) by 20.8% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 674,472 shares of the electronics maker's stock after selling 177,177 shares during the quarter. Victory Capital Management Inc. owned about 3.64% of Rogers worth $45,547,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Bank of Montreal Can increased its holdings in Rogers by 6.2% in the 4th quarter. Bank of Montreal Can now owns 2,022 shares of the electronics maker's stock worth $205,000 after purchasing an additional 118 shares in the last quarter. CWM LLC grew 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 buying an additional 240 shares during the last quarter. GAMMA Investing LLC grew 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 buying an additional 263 shares during the last quarter. Bridge City Capital LLC grew 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 buying an additional 314 shares during the last quarter. Finally, Covestor Ltd grew its position in shares of Rogers by 43.7% in the 4th quarter. Covestor Ltd now owns 1,164 shares of the electronics maker's stock valued at $118,000 after buying an additional 354 shares during the last quarter. Institutional investors and hedge funds own 96.02% of the company's stock.

Rogers Stock Down 1.5%

NYSE:ROG traded down $1.03 on Friday, hitting $65.47. The stock had a trading volume of 357,794 shares, compared to its average volume of 176,393. The business's fifty day moving average is $68.88 and its 200 day moving average is $74.57. The company has a market cap of $1.21 billion, a PE ratio of 71.95 and a beta of 0.44. Rogers Corporation has a 52 week low of $51.43 and a 52 week high of $130.03.

Rogers (NYSE:ROG - Get Free Report) last announced 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 business had revenue of $190.50 million for the quarter, compared to analyst estimates of $187.50 million. Rogers had a return on equity of 3.52% and a net margin of 2.09%. Equities analysts predict that Rogers Corporation will post 3.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Rogers

In other news, VP Griffin Melaney Gappert sold 756 shares of the stock in a transaction that occurred on 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 directly owned 4,484 shares of the company's stock, valued at $280,474.20. This represents a 14.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.35% of the company's stock.

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.