BNP Paribas Financial Markets Reduces Holdings in Rogers Co. (NYSE:ROG)

BNP Paribas Financial Markets lowered its holdings in shares of Rogers Co. (NYSE:ROG - Free Report) by 14.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 107,650 shares of the electronics maker's stock after selling 18,703 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.58% of Rogers worth $10,938,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ROG. Barclays PLC boosted its stake in Rogers by 285.5% in the 3rd quarter. Barclays PLC now owns 30,580 shares of the electronics maker's stock worth $3,457,000 after purchasing an additional 22,647 shares during the period. JPMorgan Chase & Co. raised its holdings in Rogers by 29.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 77,211 shares of the electronics maker's stock valued at $8,726,000 after buying an additional 17,648 shares during the period. Procyon Advisors LLC raised its holdings in Rogers by 11.9% during the 4th quarter. Procyon Advisors LLC now owns 3,108 shares of the electronics maker's stock valued at $316,000 after buying an additional 331 shares during the period. SG Americas Securities LLC purchased a new stake in Rogers in the fourth quarter worth $286,000. Finally, Inspire Investing LLC increased its stake in shares of Rogers by 5.7% during the fourth quarter. Inspire Investing LLC now owns 4,327 shares of the electronics maker's stock valued at $440,000 after buying an additional 232 shares during the period. Hedge funds and other institutional investors own 96.02% of the company's stock.

Rogers Price Performance

NYSE:ROG traded up $0.03 during trading hours on Friday, reaching $69.80. The company had a trading volume of 45,735 shares, compared to its average volume of 177,582. Rogers Co. has a 1-year low of $51.43 and a 1-year high of $134.07. The firm has a market cap of $1.29 billion, a PE ratio of 49.48 and a beta of 0.41. The business's 50 day moving average price is $64.60 and its 200-day moving average price is $86.06.

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, beating analysts' consensus estimates of $0.24 by $0.03. The company had revenue of $190.50 million during the quarter, compared to the consensus estimate of $187.50 million. Rogers had a return on equity of 3.98% and a net margin of 3.14%. On average, analysts expect that Rogers Co. will post 3.57 earnings per share for the current fiscal year.

Insider Transactions at Rogers

In related news, VP Griffin Melaney Gappert sold 756 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $62.55, for a total transaction of $47,287.80. Following the completion of the sale, the vice president now directly owns 4,484 shares in the company, valued at approximately $280,474.20. The trade was a 14.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.35% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. CL King started coverage on Rogers in a research report on Monday, March 31st. They set a "buy" rating and a $85.00 price objective on the stock. B. Riley boosted their price target on Rogers from $80.00 to $85.00 and gave the company a "buy" rating in a report on Wednesday, April 30th.

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.