Royce & Associates LP decreased its stake in Rogers Co. (NYSE:ROG - Free Report) by 31.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 371,426 shares of the electronics maker's stock after selling 172,520 shares during the period. Royce & Associates LP owned 1.99% of Rogers worth $37,741,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the stock. KBC Group NV boosted its stake in Rogers by 54.5% in the third quarter. KBC Group NV now owns 669 shares of the electronics maker's stock valued at $76,000 after acquiring an additional 236 shares in the last quarter. Vestmark Advisory Solutions Inc. purchased a new stake in shares of Rogers in the 4th quarter valued at about $222,000. FMR LLC boosted its position in shares of Rogers by 83.1% in the 3rd quarter. FMR LLC now owns 2,309 shares of the electronics maker's stock valued at $261,000 after purchasing an additional 1,048 shares during the period. SG Americas Securities LLC purchased a new position in Rogers during the 4th quarter worth approximately $286,000. Finally, Procyon Advisors LLC increased its position in 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 buying an additional 331 shares during the period. 96.02% of the stock is owned by hedge funds and other institutional investors.
Rogers Stock Performance
NYSE ROG traded down $0.53 on Thursday, reaching $74.57. The stock had a trading volume of 177,376 shares, compared to its average volume of 139,667. The stock has a market cap of $1.38 billion, a P/E ratio of 52.89 and a beta of 0.56. Rogers Co. has a 12-month low of $71.63 and a 12-month high of $134.07. The business's 50-day moving average price is $87.50 and its 200 day moving average price is $98.17.
Rogers (NYSE:ROG - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The electronics maker reported $0.46 EPS 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 firm had revenue of $192.20 million during the quarter, compared to the consensus estimate of $191.75 million. During the same quarter in the prior year, the firm earned $0.60 EPS. On average, sell-side analysts predict that Rogers Co. will post 3.57 earnings per share for the current year.
Rogers Company Profile
(
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.
Featured Articles
Before you consider Rogers, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rogers wasn't on the list.
While Rogers currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
