Rogers Co. (NYSE:ROG) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its position in Rogers Co. (NYSE:ROG) by 4.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,760 shares of the electronics maker’s stock after selling 367 shares during the period. Nisa Investment Advisors LLC’s holdings in Rogers were worth $1,025,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. boosted its position in Rogers by 12.4% during the first quarter. BlackRock Inc. now owns 3,566,556 shares of the electronics maker’s stock worth $582,882,000 after purchasing an additional 392,411 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Rogers by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,091,859 shares of the electronics maker’s stock worth $505,978,000 after buying an additional 31,905 shares in the last quarter. Norges Bank acquired a new stake in Rogers in the 4th quarter valued at about $197,666,000. State Street Corp increased its holdings in Rogers by 0.7% during the 2nd quarter. State Street Corp now owns 715,698 shares of the electronics maker’s stock valued at $115,893,000 after acquiring an additional 5,036 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in Rogers by 9.4% during the third quarter. Victory Capital Management Inc. now owns 676,480 shares of the electronics maker’s stock worth $88,937,000 after acquiring an additional 58,294 shares during the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Rogers Stock Down 0.6 %

Shares of NYSE ROG opened at $110.15 on Tuesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.53 and a quick ratio of 3.21. The firm’s 50-day moving average is $115.92 and its two-hundred day moving average is $122.26. Rogers Co. has a 12-month low of $107.37 and a 12-month high of $173.16. The company has a market capitalization of $2.06 billion, a PE ratio of 36.35 and a beta of 0.69.

Rogers (NYSE:ROG) last posted its 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 company had revenue of $204.60 million during 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%. Equities analysts anticipate that Rogers Co. will post 2.93 EPS 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.