Acadian Asset Management LLC Makes New $233,000 Investment in Rogers Co. (NYSE:ROG)

Acadian Asset Management LLC purchased a new position in shares of Rogers Co. (NYSE:ROG) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,443 shares of the electronics maker’s stock, valued at approximately $233,000.

A number of other institutional investors also recently bought and sold shares of ROG. American Century Companies Inc. raised its position in Rogers by 6.2% during the 1st quarter. American Century Companies Inc. now owns 2,860 shares of the electronics maker’s stock worth $777,000 after buying an additional 168 shares during the last quarter. Bank of Montreal Can raised its position in Rogers by 78.5% during the 1st quarter. Bank of Montreal Can now owns 9,379 shares of the electronics maker’s stock worth $2,559,000 after buying an additional 4,125 shares during the last quarter. MetLife Investment Management LLC raised its position in Rogers by 55.1% during the 1st quarter. MetLife Investment Management LLC now owns 9,945 shares of the electronics maker’s stock worth $2,702,000 after buying an additional 3,534 shares during the last quarter. Rhumbline Advisers raised its position in Rogers by 13.0% during the 1st quarter. Rhumbline Advisers now owns 39,668 shares of the electronics maker’s stock worth $10,778,000 after buying an additional 4,576 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its position in Rogers by 0.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 16,187 shares of the electronics maker’s stock worth $4,512,000 after buying an additional 61 shares during the last quarter. 88.85% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Rogers

In related news, VP Brian Keith Larabee sold 300 shares of Rogers stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $138.47, for a total value of $41,541.00. Following the sale, the vice president now owns 2,888 shares of the company’s stock, valued at approximately $399,901.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.35% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Rogers in a research note on Thursday, October 5th. They set a “hold” rating on the stock.

Rogers Price Performance

Shares of NYSE ROG opened at $131.32 on Friday. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 24.45 and a beta of 0.93. Rogers Co. has a 12 month low of $98.45 and a 12 month high of $173.16. The firm’s 50 day simple moving average is $127.89 and its 200-day simple moving average is $146.12. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.78 and a quick ratio of 3.42.

Rogers (NYSE:ROG) last issued its quarterly earnings data on Thursday, October 26th. The electronics maker reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.09. The business had revenue of $229.15 million for the quarter, compared to analysts’ expectations of $235.00 million. Rogers had a net margin of 10.86% and a return on equity of 6.62%. Analysts expect that Rogers Co. will post 4.19 EPS for the current year.

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, telematics and thermal solutions, aerospace and defense, mass transit, clean energy, connected devices, and wired infrastructure.