Rogers Co. (NYSE:ROG) Shares Purchased by California Public Employees Retirement System

California Public Employees Retirement System lifted its stake in Rogers Co. (NYSE:ROG - Free Report) by 89.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 57,925 shares of the electronics maker's stock after purchasing an additional 27,315 shares during the period. California Public Employees Retirement System owned about 0.31% of Rogers worth $7,650,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. BKM Wealth Management LLC bought a new position in shares of Rogers during the 4th quarter worth $30,000. B. Riley Wealth Advisors Inc. grew its holdings in Rogers by 8.8% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 1,626 shares of the electronics maker's stock worth $214,000 after acquiring an additional 132 shares in the last quarter. Asset Management One Co. Ltd. purchased a new position in Rogers during the 3rd quarter valued at about $224,000. Quantbot Technologies LP bought a new stake in shares of Rogers in the 3rd quarter valued at about $255,000. Finally, Teacher Retirement System of Texas lifted its position in shares of Rogers by 17.9% in the 3rd quarter. Teacher Retirement System of Texas now owns 2,073 shares of the electronics maker's stock worth $273,000 after purchasing an additional 314 shares during the period. Hedge funds and other institutional investors own 96.02% of the company's stock.

Rogers Stock Down 1.4 %

ROG stock traded down $1.67 during trading on Friday, hitting $118.33. 123,534 shares of the company's stock traded hands, compared to its average volume of 187,547. The firm has a market capitalization of $2.21 billion, a P/E ratio of 32.51 and a beta of 0.67. Rogers Co. has a 1 year low of $105.48 and a 1 year high of $173.16. The business has a fifty day simple moving average of $114.82 and a two-hundred day simple moving average of $120.81.

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