Victory Capital Management Inc. Purchases 81,771 Shares of Rogers Co. (NYSE:ROG)

Victory Capital Management Inc. increased its stake in Rogers Co. (NYSE:ROG - Free Report) by 12.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 758,251 shares of the electronics maker's stock after acquiring an additional 81,771 shares during the period. Victory Capital Management Inc. owned approximately 4.07% of Rogers worth $100,142,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Walleye Capital LLC increased its holdings in Rogers by 2,125.9% in the 3rd quarter. Walleye Capital LLC now owns 31,986 shares of the electronics maker's stock valued at $4,205,000 after purchasing an additional 30,549 shares in the last quarter. Pinnacle Associates Ltd. lifted its position in Rogers by 45.0% during the 4th quarter. Pinnacle Associates Ltd. now owns 120,734 shares of the electronics maker's stock worth $15,945,000 after acquiring an additional 37,456 shares in the last quarter. Inspire Investing LLC boosted its holdings in Rogers by 18.7% in the 3rd quarter. Inspire Investing LLC now owns 2,608 shares of the electronics maker's stock worth $343,000 after acquiring an additional 411 shares during the period. Trexquant Investment LP acquired a new stake in Rogers in the third quarter valued at approximately $2,790,000. Finally, Schroder Investment Management Group purchased a new stake in shares of Rogers during the third quarter valued at approximately $19,085,000. Hedge funds and other institutional investors own 96.02% of the company's stock.

Rogers Trading Down 1.4 %

NYSE ROG traded down $1.67 during mid-day trading on Friday, reaching $118.33. 123,468 shares of the company's stock traded hands, compared to its average volume of 161,489. Rogers Co. has a 1-year low of $105.48 and a 1-year high of $173.16. The company has a fifty day simple moving average of $114.69 and a 200-day simple moving average of $120.91. The company has a market cap of $2.21 billion, a price-to-earnings ratio of 32.97 and a beta of 0.67.

Rogers (NYSE:ROG - Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The electronics maker reported $0.60 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.40). Rogers had a net margin of 7.73% and a return on equity of 5.30%. The firm had revenue of $204.60 million during the quarter, compared to analyst estimates of $220.00 million. Equities research analysts forecast that Rogers Co. will post 3.07 earnings per share for the current fiscal year.

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.