Nuance Investments LLC Lowers Position in Rogers Corporation $ROG

Nuance Investments LLC lowered its holdings in Rogers Corporation (NYSE:ROG) by 69.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 122,411 shares of the electronics maker’s stock after selling 281,155 shares during the period. Rogers makes up 1.0% of Nuance Investments LLC’s investment portfolio, making the stock its 27th largest position. Nuance Investments LLC owned about 0.68% of Rogers worth $9,849,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Front Street Capital Management Inc. purchased a new stake in Rogers during the second quarter valued at about $201,000. Central Pacific Bank Trust Division boosted its holdings in shares of Rogers by 11.1% during the third quarter. Central Pacific Bank Trust Division now owns 2,500 shares of the electronics maker’s stock worth $201,000 after purchasing an additional 250 shares during the period. Inspire Advisors LLC purchased a new stake in Rogers in the 3rd quarter worth approximately $208,000. Ethic Inc. purchased a new stake in Rogers in the third quarter worth $226,000. Finally, PharVision Advisers LLC purchased a new stake in shares of Rogers in the 2nd quarter worth about $262,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ROG shares. B. Riley Financial reissued a “buy” rating on shares of Rogers in a research report on Thursday, October 30th. Weiss Ratings reiterated a “sell (d)” rating on shares of Rogers in a research note on Thursday, January 22nd. Wall Street Zen raised Rogers from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Finally, Zacks Research cut shares of Rogers from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $85.00.

Rogers Price Performance

ROG opened at $105.97 on Monday. The firm has a market cap of $1.91 billion, a P/E ratio of -29.19 and a beta of 0.40. The company has a 50 day simple moving average of $94.62 and a two-hundred day simple moving average of $84.78. Rogers Corporation has a 1-year low of $51.43 and a 1-year high of $107.05.

Rogers Company Profile

Rogers Corporation (NYSE: ROG) is a global technology and materials company specializing in the development and manufacture of engineered materials and components. The company designs and produces a broad portfolio of high-performance elastomeric, foam, silicone, adhesive and thermal management solutions, as well as advanced circuit board laminates. Its products are engineered to meet stringent requirements in areas such as electrical insulation, thermal performance and electromagnetic shielding.

Rogers serves a diverse range of end markets, including automotive, aerospace and defense, telecommunications, consumer electronics and industrial applications.