Neuberger Berman Group LLC Grows Stock Position in Rogers Co. (NYSE:ROG)

Neuberger Berman Group LLC lifted its position in Rogers Co. (NYSE:ROG - Free Report) by 35.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 972,623 shares of the electronics maker's stock after acquiring an additional 255,423 shares during the period. Neuberger Berman Group LLC owned 5.21% of Rogers worth $98,828,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Rogers in the fourth quarter valued at about $113,725,000. Nuance Investments LLC increased its holdings in Rogers by 26.6% in the 4th quarter. Nuance Investments LLC now owns 810,081 shares of the electronics maker's stock worth $82,312,000 after buying an additional 170,145 shares during the period. Oddo BHF Asset Management Sas purchased a new position in Rogers during the 3rd quarter worth approximately $17,517,000. Vanguard Group Inc. boosted its holdings in shares of Rogers by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 2,353,358 shares of the electronics maker's stock valued at $239,125,000 after acquiring an additional 40,835 shares during the last quarter. Finally, Barclays PLC increased its stake in shares of Rogers by 285.5% in the third quarter. Barclays PLC now owns 30,580 shares of the electronics maker's stock worth $3,457,000 after acquiring an additional 22,647 shares during the period. Hedge funds and other institutional investors own 96.02% of the company's stock.

Rogers Stock Performance

NYSE ROG traded down $1.20 during mid-day trading on Tuesday, reaching $54.50. 122,924 shares of the stock were exchanged, compared to its average volume of 165,046. The company has a market capitalization of $1.01 billion, a P/E ratio of 38.65 and a beta of 0.51. The business's 50 day moving average is $75.38 and its 200-day moving average is $92.76. Rogers Co. has a 1 year low of $53.05 and a 1 year high of $134.07.

Rogers (NYSE:ROG - Get Free Report) last posted its earnings results on Wednesday, February 19th. The electronics maker reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.43 by $0.03. The firm had revenue of $192.20 million for the quarter, compared to analysts' expectations of $191.75 million. Rogers had a return on equity of 3.98% and a net margin of 3.14%. During the same period last year, the firm earned $0.60 EPS. Equities analysts predict that Rogers Co. will post 3.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, CL King began coverage on Rogers in a report on Monday, March 31st. They issued a "buy" rating and a $85.00 price objective for the company.

Rogers Company 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.