Granahan Investment Management LLC lessened its holdings in Rogers Co. (NYSE:ROG - Free Report) by 30.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,145 shares of the electronics maker's stock after selling 8,061 shares during the quarter. Granahan Investment Management LLC owned 0.10% of Rogers worth $1,844,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently bought and sold shares of the company. Sterling Capital Management LLC grew its stake in Rogers by 810.8% in the 4th quarter. Sterling Capital Management LLC now owns 592 shares of the electronics maker's stock valued at $60,000 after purchasing an additional 527 shares during the period. Covestor Ltd lifted its position in shares of Rogers by 43.7% during 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. Bank of Montreal Can lifted its position in shares of Rogers by 6.2% during the 4th quarter. Bank of Montreal Can now owns 2,022 shares of the electronics maker's stock valued at $205,000 after buying an additional 118 shares during the last quarter. Vestmark Advisory Solutions Inc. purchased a new position in shares of Rogers during the 4th quarter valued at $222,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Rogers during the 4th quarter valued at $274,000. Institutional investors own 96.02% of the company's stock.
Insider Buying and Selling
In related news, VP Griffin Melaney Gappert sold 756 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $62.55, for a total value of $47,287.80. Following the transaction, the vice president now directly owns 4,484 shares in the company, valued at approximately $280,474.20. This represents a 14.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.35% of the stock is currently owned by insiders.
Rogers Stock Down 1.0%
ROG traded down $0.68 during trading on Wednesday, reaching $70.32. 189,441 shares of the company were exchanged, compared to its average volume of 178,405. The company's 50-day moving average is $64.72 and its two-hundred day moving average is $86.29. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 49.87 and a beta of 0.41. Rogers Co. has a 12-month low of $51.43 and a 12-month high of $134.07.
Rogers (NYSE:ROG - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The electronics maker reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.03. The business had revenue of $190.50 million for the quarter, compared to analysts' expectations of $187.50 million. Rogers had a return on equity of 3.98% and a net margin of 3.14%. Equities analysts forecast that Rogers Co. will post 3.57 earnings per share for the current year.
Analysts Set New Price Targets
A number of research analysts have recently 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 started coverage on Rogers in a research report on Monday, March 31st. They set a "buy" rating and a $85.00 price target on the stock.
Read Our Latest Stock Report on Rogers
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.
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