Vanguard Group Inc. Raises Position in Rogers Co. (NYSE:ROG)

Vanguard Group Inc. raised its holdings in shares of Rogers Co. (NYSE:ROG) by 1.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,353,358 shares of the electronics maker’s stock after acquiring an additional 40,835 shares during the period. Vanguard Group Inc. owned approximately 0.13% of Rogers worth $239,125,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in ROG. Redwood Investment Management LLC grew its holdings in shares of Rogers by 4.9% during the third quarter. Redwood Investment Management LLC now owns 4,618 shares of the electronics maker’s stock worth $509,000 after purchasing an additional 216 shares in the last quarter. Inspire Investing LLC grew its stake in Rogers by 5.7% in the 4th quarter. Inspire Investing LLC now owns 4,327 shares of the electronics maker’s stock worth $440,000 after buying an additional 232 shares in the last quarter. Procyon Advisors LLC grew its stake in Rogers by 11.9% in the 4th quarter. Procyon Advisors LLC now owns 3,108 shares of the electronics maker’s stock worth $316,000 after buying an additional 331 shares in the last quarter. Handelsbanken Fonder AB increased its holdings in shares of Rogers by 11.0% in the 4th quarter. Handelsbanken Fonder AB now owns 6,072 shares of the electronics maker’s stock worth $617,000 after buying an additional 600 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC raised its position in shares of Rogers by 16.8% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 5,786 shares of the electronics maker’s stock valued at $588,000 after buying an additional 834 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors.

Rogers Trading Down 1.3 %

Shares of NYSE ROG opened at $60.88 on Friday. The stock’s 50-day moving average is $80.83 and its 200 day moving average is $95.37. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 43.18 and a beta of 0.51. Rogers Co. has a 1-year low of $56.13 and a 1-year high of $134.07.

Rogers (NYSE:ROG) last announced its quarterly earnings data 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 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 analyst estimates of $191.75 million. During the same period in the previous year, the business posted $0.60 EPS. On average, analysts forecast that Rogers Co. will post 3.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, CL King began coverage on Rogers in a research note on Monday, March 31st. They issued 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.