Wipfli Financial Advisors LLC bought a new position in shares of Rogers Co. (NYSE:ROG – Get Rating) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 131 shares of the electronics maker’s stock, valued at approximately $32,000.
Several other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Rogers by 0.9% during the first quarter. Vanguard Group Inc. now owns 2,060,836 shares of the electronics maker’s stock worth $559,930,000 after buying an additional 18,285 shares during the period. JPMorgan Chase & Co. lifted its position in Rogers by 152.3% in the second quarter. JPMorgan Chase & Co. now owns 645,155 shares of the electronics maker’s stock valued at $169,088,000 after purchasing an additional 389,436 shares during the period. State Street Corp lifted its position in Rogers by 2.9% in the first quarter. State Street Corp now owns 594,665 shares of the electronics maker’s stock valued at $161,570,000 after purchasing an additional 16,769 shares during the period. Alpine Associates Management Inc. lifted its position in Rogers by 14.0% in the second quarter. Alpine Associates Management Inc. now owns 456,181 shares of the electronics maker’s stock valued at $119,560,000 after purchasing an additional 56,000 shares during the period. Finally, Spring Creek Capital LLC lifted its position in Rogers by 27.5% in the first quarter. Spring Creek Capital LLC now owns 446,146 shares of the electronics maker’s stock valued at $121,218,000 after purchasing an additional 96,146 shares during the period. Institutional investors and hedge funds own 95.35% of the company’s stock.
Rogers Price Performance
ROG stock opened at $129.98 on Friday. The firm has a 50 day moving average of $115.75 and a 200-day moving average of $198.41. Rogers Co. has a 12-month low of $98.45 and a 12-month high of $274.51. The company has a current ratio of 4.62, a quick ratio of 3.36 and a debt-to-equity ratio of 0.27. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 34.12 and a beta of 0.99.
In related news, Director Jeffrey J. Owens purchased 1,000 shares of Rogers stock in a transaction dated Tuesday, November 22nd. The stock was bought at an average cost of $100.75 per share, for a total transaction of $100,750.00. Following the transaction, the director now owns 6,850 shares in the company, valued at $690,137.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.90% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on ROG shares. TheStreet downgraded shares of Rogers from a “c” rating to a “d+” rating in a research report on Friday, November 25th. StockNews.com downgraded shares of Rogers from a “hold” rating to a “sell” rating in a research report on Saturday, November 19th.
Rogers Company Profile
Rogers Corporation designs, develops, manufactures, and sells 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, telematics and thermal solutions, aerospace and defense, mass transit, clean energy, connected devices, and wired infrastructure markets.
- Get a free copy of the StockNews.com research report on Rogers (ROG)
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