Rogers Co. (NYSE:ROG - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $71.86 and last traded at $75.33, with a volume of 257617 shares traded. The stock had previously closed at $74.17.
Rogers Price Performance
The company has a fifty day moving average of $93.08 and a 200-day moving average of $100.47. The firm has a market capitalization of $1.44 billion, a PE ratio of 55.20 and a beta of 0.56.
Rogers (NYSE:ROG - Get Free Report) last posted its earnings results on Wednesday, February 19th. The electronics maker reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.03. The company had revenue of $192.20 million for the quarter, compared to analyst estimates 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 company earned $0.60 earnings per share. Equities analysts anticipate that Rogers Co. will post 3.57 EPS for the current year.
Institutional Investors Weigh In On Rogers
A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew 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 buying an additional 40,835 shares in the last quarter. Norges Bank acquired a new stake in Rogers during the fourth quarter valued at approximately $113,725,000. Neuberger Berman Group LLC boosted its holdings in Rogers by 35.6% during the fourth quarter. Neuberger Berman Group LLC now owns 972,623 shares of the electronics maker's stock valued at $98,828,000 after purchasing an additional 255,423 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Rogers by 6.2% during the fourth 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 boosted its holdings 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 purchasing an additional 170,145 shares in the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.
Rogers Company Profile
(
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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