Louisiana State Employees Retirement System Purchases New Position in Rogers Co. (NYSE:ROG)

Louisiana State Employees Retirement System bought a new position in shares of Rogers Co. (NYSE:ROG) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,400 shares of the electronics maker’s stock, valued at approximately $1,109,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Victory Capital Management Inc. increased its holdings in Rogers by 9.4% during the 3rd quarter. Victory Capital Management Inc. now owns 676,480 shares of the electronics maker’s stock worth $88,937,000 after acquiring an additional 58,294 shares during the period. Pertento Partners LLP increased its holdings in Rogers by 3.7% during the 3rd quarter. Pertento Partners LLP now owns 212,121 shares of the electronics maker’s stock worth $27,888,000 after acquiring an additional 7,522 shares during the period. Schroder Investment Management Group bought a new stake in Rogers during the 3rd quarter worth approximately $19,085,000. Pinnacle Associates Ltd. increased its holdings in Rogers by 45.0% during the 4th quarter. Pinnacle Associates Ltd. now owns 120,734 shares of the electronics maker’s stock worth $15,945,000 after acquiring an additional 37,456 shares during the period. Finally, Gamco Investors INC. ET AL increased its holdings in Rogers by 14.4% during the 3rd quarter. Gamco Investors INC. ET AL now owns 116,773 shares of the electronics maker’s stock worth $15,352,000 after acquiring an additional 14,704 shares during the period. Institutional investors own 96.02% of the company’s stock.

Rogers Stock Performance

Rogers stock opened at $109.30 on Wednesday. The firm’s 50 day simple moving average is $114.75 and its 200 day simple moving average is $121.33. The company has a current ratio of 4.53, a quick ratio of 3.21 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $2.04 billion, a PE ratio of 36.07 and a beta of 0.69. Rogers Co. has a 1-year low of $105.48 and a 1-year high of $173.16.

Rogers (NYSE:ROG) last issued its quarterly earnings results on Wednesday, February 21st. The electronics maker reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.40). The company had revenue of $204.60 million during the quarter, compared to the consensus estimate of $220.00 million. Rogers had a return on equity of 5.82% and a net margin of 6.23%. As a group, analysts expect that Rogers Co. will post 2.93 earnings per share for the current fiscal year.

Rogers Company 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.