Rogers Co. (NYSE:ROG) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. grew its holdings in shares of Rogers Co. (NYSE:ROG - Free Report) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,353,358 shares of the electronics maker's stock after buying an additional 40,835 shares during the quarter. Vanguard Group Inc. owned 12.61% of Rogers worth $239,125,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ROG. FMR LLC boosted its stake in Rogers by 83.1% during the 3rd quarter. FMR LLC now owns 2,309 shares of the electronics maker's stock valued at $261,000 after acquiring an additional 1,048 shares during the last quarter. Redwood Investment Management LLC raised its stake in shares of Rogers by 4.9% in the 3rd quarter. Redwood Investment Management LLC now owns 4,618 shares of the electronics maker's stock valued at $509,000 after purchasing an additional 216 shares in the last quarter. State Street Corp lifted its position in shares of Rogers by 1.2% during the third quarter. State Street Corp now owns 706,815 shares of the electronics maker's stock worth $79,877,000 after purchasing an additional 8,402 shares during the last quarter. Weiss Asset Management LP acquired a new position in Rogers in the third quarter worth about $3,381,000. Finally, Jane Street Group LLC grew its stake in Rogers by 46.8% in the third quarter. Jane Street Group LLC now owns 27,011 shares of the electronics maker's stock worth $3,053,000 after purchasing an additional 8,615 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company's stock.

Rogers Price Performance

ROG traded down $6.64 during trading hours on Thursday, hitting $55.28. 408,226 shares of the stock were exchanged, compared to its average volume of 163,117. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 39.21 and a beta of 0.51. The stock has a 50-day simple moving average of $76.75 and a 200-day simple moving average of $93.58. Rogers Co. has a 12 month low of $54.08 and a 12 month high of $134.07.

Rogers (NYSE:ROG - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The electronics maker reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $191.75 million. During the same period last year, the firm posted $0.60 EPS. Sell-side analysts expect that Rogers Co. will post 3.57 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, CL King assumed coverage on Rogers in a report on Monday, March 31st. They set a "buy" rating and a $85.00 target price on the stock.

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.