Barclays PLC Boosts Holdings in Rogers Co. (NYSE:ROG)

Barclays PLC increased its holdings in Rogers Co. (NYSE:ROG - Free Report) by 22.7% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 37,515 shares of the electronics maker's stock after buying an additional 6,935 shares during the quarter. Barclays PLC owned about 0.20% of Rogers worth $3,812,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sterling Capital Management LLC boosted its holdings in shares of Rogers by 810.8% in the fourth quarter. Sterling Capital Management LLC now owns 592 shares of the electronics maker's stock worth $60,000 after buying an additional 527 shares during the last quarter. Covestor Ltd raised its stake in Rogers by 43.7% during the 4th quarter. Covestor Ltd now owns 1,164 shares of the electronics maker's stock worth $118,000 after acquiring an additional 354 shares during the period. Bank of Montreal Can raised its stake in Rogers by 6.2% during the 4th quarter. Bank of Montreal Can now owns 2,022 shares of the electronics maker's stock worth $205,000 after acquiring an additional 118 shares during the period. Vestmark Advisory Solutions Inc. bought a new stake in shares of Rogers during the fourth quarter valued at approximately $222,000. Finally, SG Americas Securities LLC bought a new stake in shares of Rogers during the fourth quarter valued at approximately $286,000. Hedge funds and other institutional investors own 96.02% of the company's stock.

Rogers Trading Up 2.6 %

Shares of ROG stock traded up $1.64 on Thursday, reaching $63.45. The company's stock had a trading volume of 390,906 shares, compared to its average volume of 172,516. The stock's fifty day simple moving average is $67.53 and its 200-day simple moving average is $88.84. Rogers Co. has a 1 year low of $51.43 and a 1 year high of $134.07. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 45.00 and a beta of 0.51.

Rogers (NYSE:ROG - Get Free Report) last posted its earnings results on Tuesday, April 29th. The electronics maker reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.03. Rogers had a net margin of 3.14% and a return on equity of 3.98%. The firm had revenue of $190.50 million during the quarter, compared to analyst estimates of $187.50 million. Equities research analysts forecast that Rogers Co. will post 3.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. B. Riley lifted their price objective on shares of Rogers from $80.00 to $85.00 and gave the company a "buy" rating in a research report on Wednesday. CL King assumed coverage on shares of Rogers in a research report on Monday, March 31st. They set a "buy" rating and a $85.00 price objective on the 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.