Louisiana State Employees Retirement System Invests $1.11 Million in Rogers Co. (NYSE:ROG)

Louisiana State Employees Retirement System bought a new position in Rogers Co. (NYSE:ROG) during the 4th quarter, Holdings Channel.com reports. The fund bought 8,400 shares of the electronics maker’s stock, valued at approximately $1,109,000.

Other hedge funds have also recently modified their holdings of the company. BKM Wealth Management LLC purchased a new position in shares of Rogers in the fourth quarter worth $30,000. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Rogers by 8.8% in the third quarter. B. Riley Wealth Advisors Inc. now owns 1,626 shares of the electronics maker’s stock worth $214,000 after buying an additional 132 shares in the last quarter. Asset Management One Co. Ltd. purchased a new position in shares of Rogers in the third quarter worth $224,000. Quantbot Technologies LP purchased a new position in shares of Rogers in the third quarter worth $255,000. Finally, Teacher Retirement System of Texas lifted its holdings in shares of Rogers by 17.9% in the third quarter. Teacher Retirement System of Texas now owns 2,073 shares of the electronics maker’s stock worth $273,000 after buying an additional 314 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Rogers Trading Up 1.4 %

Shares of ROG opened at $109.30 on Wednesday. The stock has a market capitalization of $2.04 billion, a PE ratio of 36.07 and a beta of 0.69. The company’s fifty day moving average is $114.75 and its 200 day moving average is $121.33. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.21 and a current ratio of 4.53. Rogers Co. has a fifty-two week low of $105.48 and a fifty-two week high of $173.16.

Rogers (NYSE:ROG) last released its quarterly earnings results on Wednesday, February 21st. The electronics maker reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.40). The business had revenue of $204.60 million for the quarter, compared to analysts’ expectations of $220.00 million. Rogers had a net margin of 6.23% and a return on equity of 5.82%. Sell-side analysts expect that Rogers Co. will post 2.93 earnings per share 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.