Gamco Investors INC. ET AL Acquires 10,442 Shares of Rogers Co. (NYSE:ROG)

Gamco Investors INC. ET AL grew its stake in shares of Rogers Co. (NYSE:ROG - Free Report) by 9.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 116,125 shares of the electronics maker's stock after buying an additional 10,442 shares during the period. Gamco Investors INC. ET AL owned approximately 0.62% of Rogers worth $11,799,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Bank of Montreal Can increased its position in shares of Rogers by 6.2% in the 4th quarter. Bank of Montreal Can now owns 2,022 shares of the electronics maker's stock valued at $205,000 after buying an additional 118 shares in the last quarter. Inspire Investing LLC increased its holdings in shares of Rogers by 5.7% in the fourth quarter. Inspire Investing LLC now owns 4,327 shares of the electronics maker's stock worth $440,000 after acquiring an additional 232 shares in the last quarter. Procyon Advisors LLC raised its position in shares of Rogers by 11.9% during the fourth quarter. Procyon Advisors LLC now owns 3,108 shares of the electronics maker's stock worth $316,000 after purchasing an additional 331 shares during the period. Covestor Ltd lifted its holdings in shares of Rogers by 43.7% during the 4th quarter. Covestor Ltd now owns 1,164 shares of the electronics maker's stock valued at $118,000 after purchasing an additional 354 shares in the last quarter. Finally, Sterling Capital Management LLC lifted its holdings in shares of Rogers by 810.8% during the 4th quarter. Sterling Capital Management LLC now owns 592 shares of the electronics maker's stock valued at $60,000 after purchasing an additional 527 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Rogers Stock Down 0.9 %

Shares of NYSE:ROG traded down $0.47 during midday trading on Monday, reaching $53.45. 48,432 shares of the company were exchanged, compared to its average volume of 167,253. The firm has a market cap of $989.84 million, a PE ratio of 37.91 and a beta of 0.51. Rogers Co. has a fifty-two week low of $51.43 and a fifty-two week high of $134.07. The stock has a fifty day simple moving average of $72.57 and a two-hundred day simple moving average of $91.21.

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

Analyst Upgrades and Downgrades

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

Rogers 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.