Russell Investments Group Ltd. Raises Stake in Rogers Co. (NYSE:ROG)

Russell Investments Group Ltd. boosted its holdings in Rogers Co. (NYSE:ROG) by 7.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,025 shares of the electronics maker’s stock after purchasing an additional 1,130 shares during the quarter. Russell Investments Group Ltd. owned about 0.09% of Rogers worth $1,628,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ROG. Vestmark Advisory Solutions Inc. purchased a new position in shares of Rogers in the fourth quarter valued at about $222,000. FMR LLC lifted its position in shares of 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 period. SG Americas Securities LLC purchased a new stake in shares of Rogers during the fourth quarter valued at about $286,000. Procyon Advisors LLC raised its stake in Rogers by 11.9% in the fourth quarter. Procyon Advisors LLC now owns 3,108 shares of the electronics maker’s stock valued at $316,000 after buying an additional 331 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Rogers in the fourth quarter worth $325,000. Institutional investors own 96.02% of the company’s stock.

Rogers Price Performance

Shares of NYSE:ROG opened at $53.82 on Friday. The business’s 50 day moving average price is $72.57 and its 200-day moving average price is $91.31. The firm has a market capitalization of $996.73 million, a price-to-earnings ratio of 38.17 and a beta of 0.51. Rogers Co. has a 1 year low of $51.43 and a 1 year high of $134.07.

Rogers (NYSE:ROG) last issued its earnings results on Wednesday, February 19th. The electronics maker reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. Rogers had a net margin of 3.14% and a return on equity of 3.98%. The business had revenue of $192.20 million during the quarter, compared to analysts’ expectations of $191.75 million. During the same period in the prior year, the business earned $0.60 earnings per share. On average, sell-side analysts expect that Rogers Co. will post 3.57 earnings per share for the current year.

Analysts Set New Price Targets

Separately, CL King initiated coverage on Rogers in a report on Monday, March 31st. They issued a “buy” rating and a $85.00 price objective for the company.

Rogers Company 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.