Rogers Co. (NYSE:ROG) Shares Acquired by California Public Employees Retirement System

California Public Employees Retirement System lifted its stake in shares of Rogers Co. (NYSE:ROG) by 89.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 57,925 shares of the electronics maker’s stock after buying an additional 27,315 shares during the quarter. California Public Employees Retirement System owned approximately 0.31% of Rogers worth $7,650,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. B. Riley Wealth Advisors Inc. grew its position in shares of Rogers by 8.8% during the third quarter. B. Riley Wealth Advisors Inc. now owns 1,626 shares of the electronics maker’s stock worth $214,000 after buying an additional 132 shares in the last quarter. Diversified Trust Co boosted its holdings in Rogers by 7.7% in the fourth quarter. Diversified Trust Co now owns 2,431 shares of the electronics maker’s stock valued at $321,000 after purchasing an additional 174 shares in the last quarter. BKM Wealth Management LLC acquired a new position in Rogers in the fourth quarter valued at approximately $30,000. New York State Teachers Retirement System boosted its holdings in Rogers by 0.9% in the fourth quarter. New York State Teachers Retirement System now owns 26,231 shares of the electronics maker’s stock valued at $3,464,000 after purchasing an additional 245 shares in the last quarter. Finally, Swiss National Bank boosted its holdings in Rogers by 0.9% in the third quarter. Swiss National Bank now owns 34,800 shares of the electronics maker’s stock valued at $4,575,000 after purchasing an additional 300 shares in the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Rogers Stock Down 1.4 %

Shares of ROG opened at $118.33 on Friday. The stock has a 50 day moving average price of $114.82 and a 200 day moving average price of $120.85. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 32.51 and a beta of 0.67. Rogers Co. has a 52-week low of $105.48 and a 52-week high of $173.16.

Rogers (NYSE:ROG) last posted its quarterly earnings data on Wednesday, February 21st. The electronics maker reported $0.60 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.40). The firm had revenue of $204.60 million during the quarter, compared to analyst estimates of $220.00 million. Rogers had a net margin of 7.73% and a return on equity of 5.30%. On average, equities analysts anticipate that Rogers Co. will post 3.07 EPS 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.