Rogers Co. (NYSE:ROG - Get Free Report) saw an uptick in trading volume on Wednesday . 245,622 shares were traded during trading, an increase of 73% from the previous session's volume of 142,001 shares.The stock last traded at $70.32 and had previously closed at $70.82.
Rogers Trading Down 4.4 %
The stock's 50 day moving average price is $84.08 and its two-hundred day moving average price is $96.69. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 48.04 and a beta of 0.56.
Rogers (NYSE:ROG - Get Free Report) last issued its earnings results on Wednesday, February 19th. The electronics maker reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.03. Rogers had a net margin of 3.14% and a return on equity of 3.98%. The company had revenue of $192.20 million for the quarter, compared to analyst estimates of $191.75 million. During the same period in the prior year, the business posted $0.60 earnings per share. On average, sell-side analysts forecast that Rogers Co. will post 3.57 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Rogers by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 2,353,358 shares of the electronics maker's stock worth $239,125,000 after acquiring an additional 40,835 shares during the last quarter. Norges Bank purchased a new position in Rogers during the fourth quarter worth approximately $113,725,000. Neuberger Berman Group LLC boosted its holdings in Rogers by 35.6% in the fourth quarter. Neuberger Berman Group LLC now owns 972,623 shares of the electronics maker's stock valued at $98,828,000 after acquiring an additional 255,423 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Rogers by 6.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 874,139 shares of the electronics maker's stock valued at $88,823,000 after purchasing an additional 50,708 shares in the last quarter. Finally, Nuance Investments LLC lifted 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 valued at $82,312,000 after buying an additional 170,145 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company's stock.
About Rogers
(
Get Free Report)
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.
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