New York State Teachers Retirement System Acquires 245 Shares of Rogers Co. (NYSE:ROG)

New York State Teachers Retirement System increased its position in Rogers Co. (NYSE:ROG) by 0.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,231 shares of the electronics maker’s stock after buying an additional 245 shares during the quarter. New York State Teachers Retirement System’s holdings in Rogers were worth $3,464,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Belpointe Asset Management LLC lifted its position in Rogers by 115.8% in the 1st quarter. Belpointe Asset Management LLC now owns 164 shares of the electronics maker’s stock worth $27,000 after buying an additional 88 shares during the last quarter. BKM Wealth Management LLC bought a new stake in Rogers in the 4th quarter worth approximately $30,000. Covestor Ltd lifted its position in Rogers by 5,866.7% in the 1st quarter. Covestor Ltd now owns 358 shares of the electronics maker’s stock worth $97,000 after buying an additional 352 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in Rogers by 29.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 750 shares of the electronics maker’s stock worth $121,000 after buying an additional 169 shares during the last quarter. Finally, SkyView Investment Advisors LLC bought a new stake in Rogers in the 2nd quarter worth approximately $188,000. Institutional investors own 96.02% of the company’s stock.

Rogers Stock Performance

NYSE:ROG opened at $110.87 on Monday. The business has a 50 day moving average of $116.04 and a 200 day moving average of $122.41. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 36.59 and a beta of 0.69. Rogers Co. has a 1-year low of $107.37 and a 1-year high of $173.16. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.53 and a quick ratio of 3.21.

Rogers (NYSE:ROG) last announced its quarterly earnings results on Wednesday, February 21st. The electronics maker reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.40). The company had revenue of $204.60 million during the quarter, compared to analysts’ expectations of $220.00 million. Rogers had a return on equity of 5.82% and a net margin of 6.23%. On average, sell-side analysts predict that Rogers Co. will post 2.93 earnings per share for the current fiscal 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, renewable energy, aerospace and defense, mass transit, industrial, connected devices, and wired infrastructure.