ACK Asset Management LLC Decreases Stock Holdings in Rogers Co. (NYSE:ROG)

ACK Asset Management LLC reduced its stake in Rogers Co. (NYSE:ROG - Free Report) by 1.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 580,000 shares of the electronics maker's stock after selling 10,000 shares during the quarter. Rogers makes up 7.9% of ACK Asset Management LLC's investment portfolio, making the stock its 5th largest holding. ACK Asset Management LLC owned approximately 3.11% of Rogers worth $58,934,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ROG. Norges Bank acquired a new stake in Rogers in the 4th quarter valued at approximately $113,725,000. Nuance Investments LLC increased its position in Rogers by 26.6% during the fourth quarter. Nuance Investments LLC now owns 810,081 shares of the electronics maker's stock worth $82,312,000 after acquiring an additional 170,145 shares during the period. Oddo BHF Asset Management Sas bought a new position in Rogers during the third quarter worth $17,517,000. Vanguard Group Inc. grew its position in Rogers by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 2,353,358 shares of the electronics maker's stock worth $239,125,000 after purchasing an additional 40,835 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of Rogers by 285.5% during 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. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Rogers Trading Up 1.7 %

ROG stock traded up $0.93 during midday trading on Friday, hitting $56.16. The stock had a trading volume of 355,879 shares, compared to its average volume of 164,235. Rogers Co. has a 52 week low of $53.05 and a 52 week high of $134.07. The stock has a 50-day simple moving average of $76.08 and a 200 day simple moving average of $93.25. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 39.83 and a beta of 0.51.

Rogers (NYSE:ROG - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The electronics maker reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.43 by $0.03. The company had revenue of $192.20 million during 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 earned $0.60 EPS. On average, equities analysts forecast that Rogers Co. will post 3.57 EPS for the current year.

Analysts Set New Price Targets

Separately, CL King started coverage on Rogers in a research report on Monday, March 31st. They set a "buy" rating and a $85.00 target price on the stock.

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.