Rogers (NYSE:ROG) Shares Up 3.7% - Still a Buy?

Rogers Co. (NYSE:ROG - Get Free Report) traded up 3.7% during trading on Monday . The stock traded as high as $89.87 and last traded at $89.05. 37,119 shares traded hands during trading, a decline of 72% from the average session volume of 130,303 shares. The stock had previously closed at $85.87.

Rogers Stock Down 4.3 %

The stock has a market capitalization of $1.52 billion, a P/E ratio of 57.83 and a beta of 0.51. The stock has a 50 day simple moving average of $94.98 and a two-hundred day simple moving average of $101.25.

Rogers (NYSE:ROG - Get Free Report) last released 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. Rogers had a net margin of 3.14% and a return on equity of 3.98%. The business had revenue of $192.20 million during the quarter, compared to analysts' expectations of $191.75 million. During the same period last year, the business earned $0.60 earnings per share. Sell-side analysts predict that Rogers Co. will post 3.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Rogers

Several hedge funds have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Rogers by 7.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 48,730 shares of the electronics maker's stock valued at $4,951,000 after buying an additional 3,520 shares during the period. State of Wyoming raised its stake in Rogers by 5.6% in the 4th quarter. State of Wyoming now owns 14,069 shares of the electronics maker's stock valued at $1,430,000 after acquiring an additional 745 shares during the period. ProShare Advisors LLC lifted its holdings in Rogers by 44.9% during the 4th quarter. ProShare Advisors LLC now owns 5,625 shares of the electronics maker's stock valued at $572,000 after purchasing an additional 1,742 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in Rogers during the 4th quarter valued at $773,000. Finally, Occudo Quantitative Strategies LP boosted its position in Rogers by 39.1% during the fourth quarter. Occudo Quantitative Strategies LP now owns 3,921 shares of the electronics maker's stock worth $398,000 after purchasing an additional 1,103 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

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.