Rogers Co. (NYSE:ROG) Shares Bought by Rhumbline Advisers

Rhumbline Advisers grew its holdings in Rogers Co. (NYSE:ROG) by 3.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 56,248 shares of the electronics maker’s stock after buying an additional 1,797 shares during the quarter. Rhumbline Advisers’ holdings in Rogers were worth $5,715,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Nuance Investments LLC raised its position in Rogers by 70.2% in the third quarter. Nuance Investments LLC now owns 639,936 shares of the electronics maker’s stock worth $72,319,000 after acquiring an additional 263,898 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new position in shares of Rogers during the 3rd quarter worth $17,517,000. BNP Paribas Financial Markets increased its holdings in shares of Rogers by 948.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 126,353 shares of the electronics maker’s stock valued at $14,279,000 after purchasing an additional 114,302 shares in the last quarter. Weiss Asset Management LP acquired a new stake in shares of Rogers in the third quarter valued at about $3,381,000. Finally, Invenomic Capital Management LP purchased a new stake in Rogers during the third quarter worth about $3,057,000. 96.02% of the stock is owned by institutional investors and hedge funds.

Rogers Trading Down 0.8 %

Shares of ROG opened at $85.01 on Thursday. Rogers Co. has a twelve month low of $84.53 and a twelve month high of $134.07. The firm has a market capitalization of $1.59 billion, a P/E ratio of 60.29 and a beta of 0.51. The firm’s 50-day moving average is $94.98 and its two-hundred day moving average is $101.25.

Rogers (NYSE:ROG) last released its quarterly earnings results on Wednesday, February 19th. The electronics maker reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. Rogers had a return on equity of 3.98% and a net margin of 3.14%. The business had revenue of $192.20 million for the quarter, compared to analysts’ expectations of $191.75 million. During the same quarter in the prior year, the firm posted $0.60 EPS. Analysts predict that Rogers Co. will post 3.57 EPS for the current year.

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.