Barclays PLC Buys 6,935 Shares of Rogers Co. (NYSE:ROG)

Barclays PLC raised its stake in shares of Rogers Co. (NYSE:ROG) by 22.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 37,515 shares of the electronics maker’s stock after purchasing an additional 6,935 shares during the quarter. Barclays PLC’s holdings in Rogers were worth $3,812,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Sterling Capital Management LLC boosted its position in shares of Rogers by 810.8% during the 4th quarter. Sterling Capital Management LLC now owns 592 shares of the electronics maker’s stock valued at $60,000 after acquiring an additional 527 shares in the last quarter. Covestor Ltd boosted its position in shares of Rogers by 43.7% during the 4th quarter. Covestor Ltd now owns 1,164 shares of the electronics maker’s stock valued at $118,000 after acquiring an additional 354 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Rogers by 6.2% during the 4th quarter. Bank of Montreal Can now owns 2,022 shares of the electronics maker’s stock valued at $205,000 after acquiring an additional 118 shares in the last quarter. Vestmark Advisory Solutions Inc. acquired a new stake in shares of Rogers during the 4th quarter valued at about $222,000. Finally, SG Americas Securities LLC acquired a new position in Rogers in the fourth quarter valued at about $286,000. Institutional investors own 96.02% of the company’s stock.

Analysts Set New Price Targets

Separately, CL King assumed coverage on shares of Rogers in a research report on Monday, March 31st. They issued a “buy” rating and a $85.00 price target on the stock.

Rogers Stock Up 0.2 %

NYSE:ROG opened at $57.53 on Tuesday. The firm has a market cap of $1.07 billion, a PE ratio of 40.80 and a beta of 0.51. Rogers Co. has a 12 month low of $51.43 and a 12 month high of $134.07. The company’s 50-day moving average price is $68.61 and its two-hundred day moving average price is $89.23.

Rogers (NYSE:ROG) last released its quarterly earnings results on Wednesday, February 19th. The electronics maker reported $0.46 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $191.75 million. During the same period in the previous year, the business earned $0.60 earnings per share. On average, research analysts expect that Rogers Co. will post 3.57 EPS for the current fiscal 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.