Nuance Investments LLC Acquires 170,145 Shares of Rogers Co. (NYSE:ROG)

Nuance Investments LLC grew its stake in Rogers Co. (NYSE:ROG - Free Report) by 26.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 810,081 shares of the electronics maker's stock after buying an additional 170,145 shares during the period. Rogers accounts for 3.3% of Nuance Investments LLC's investment portfolio, making the stock its 10th largest holding. Nuance Investments LLC owned about 4.34% of Rogers worth $82,312,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of ROG. Vanguard Group Inc. boosted its stake in Rogers by 1.8% in the fourth 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 in the last quarter. State Street Corp lifted its holdings in shares of Rogers by 1.2% in the 3rd quarter. State Street Corp now owns 706,815 shares of the electronics maker's stock valued at $79,877,000 after purchasing an additional 8,402 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Rogers by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 411,048 shares of the electronics maker's stock valued at $46,461,000 after purchasing an additional 5,164 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Rogers by 5.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 242,914 shares of the electronics maker's stock worth $24,682,000 after buying an additional 13,311 shares during the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new position in Rogers during the third quarter worth approximately $17,517,000. Institutional investors and hedge funds own 96.02% of the company's stock.

Rogers Price Performance

Shares of ROG stock traded down $3.09 during trading hours on Friday, hitting $67.73. The stock had a trading volume of 163,500 shares, compared to its average volume of 151,641. The firm has a market capitalization of $1.25 billion, a PE ratio of 48.04 and a beta of 0.56. The stock's 50 day moving average is $84.08 and its 200 day moving average is $96.69. Rogers Co. has a twelve month low of $67.40 and a twelve month high of $134.07.

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

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.