Rogers Co. (NYSE:ROG) Shares Bought by American Century Companies Inc.

American Century Companies Inc. increased its stake in Rogers Co. (NYSE:ROG) by 15.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 34,954 shares of the electronics maker’s stock after acquiring an additional 4,556 shares during the quarter. American Century Companies Inc.’s holdings in Rogers were worth $3,552,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vestmark Advisory Solutions Inc. purchased a new position in shares of Rogers during the 4th quarter valued at $222,000. FMR LLC increased its position in Rogers by 83.1% in the 3rd quarter. FMR LLC now owns 2,309 shares of the electronics maker’s stock worth $261,000 after purchasing an additional 1,048 shares during the last quarter. SG Americas Securities LLC acquired a new position in Rogers in the 4th quarter worth about $286,000. Procyon Advisors LLC raised its stake in shares of Rogers by 11.9% during the 4th quarter. Procyon Advisors LLC now owns 3,108 shares of the electronics maker’s stock worth $316,000 after purchasing an additional 331 shares in the last quarter. Finally, Hedges Asset Management LLC grew its stake in shares of Rogers by 36.5% in the 4th quarter. Hedges Asset Management LLC now owns 3,550 shares of the electronics maker’s stock valued at $361,000 after buying an additional 950 shares in the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Rogers Stock Down 1.3 %

Shares of ROG stock opened at $60.88 on Monday. Rogers Co. has a 12 month low of $56.13 and a 12 month high of $134.07. The firm has a market cap of $1.13 billion, a PE ratio of 43.18 and a beta of 0.51. The stock has a 50 day moving average of $80.83 and a 200-day moving average of $95.31.

Rogers (NYSE:ROG) last announced its quarterly earnings data on Wednesday, February 19th. The electronics maker reported $0.46 EPS 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 company had revenue of $192.20 million during the quarter, compared to the consensus estimate of $191.75 million. During the same quarter last year, the company earned $0.60 EPS. As a group, equities analysts predict that Rogers Co. will post 3.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.