Trillium Asset Management LLC lifted its position in shares of Rogers Co. (NYSE:ROG) by 1.2% during the first quarter, HoldingsChannel.com reports. The fund owned 12,625 shares of the electronics maker’s stock after acquiring an additional 144 shares during the quarter. Trillium Asset Management LLC’s holdings in Rogers were worth $2,006,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. Private Capital Group LLC grew its position in Rogers by 48.6% during the first quarter. Private Capital Group LLC now owns 214 shares of the electronics maker’s stock worth $34,000 after buying an additional 70 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in Rogers during the fourth quarter worth about $37,000. Bank of Montreal Can grew its position in Rogers by 22.9% during the fourth quarter. Bank of Montreal Can now owns 876 shares of the electronics maker’s stock worth $87,000 after buying an additional 163 shares during the period. Virtu Financial LLC acquired a new position in Rogers during the first quarter worth about $206,000. Finally, Advisor Group Inc. grew its position in Rogers by 9.6% during the fourth quarter. Advisor Group Inc. now owns 1,385 shares of the electronics maker’s stock worth $137,000 after buying an additional 121 shares during the period. Institutional investors and hedge funds own 93.89% of the company’s stock.
Several research analysts have weighed in on ROG shares. B. Riley upped their target price on shares of Rogers from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, February 21st. Needham & Company LLC restated a “buy” rating and set a $155.00 target price on shares of Rogers in a research report on Thursday, February 21st. ValuEngine upgraded shares of Rogers from a “hold” rating to a “buy” rating in a research report on Wednesday, February 27th. Finally, Zacks Investment Research upgraded shares of Rogers from a “hold” rating to a “buy” rating and set a $214.00 target price on the stock in a research report on Friday, May 3rd. Five analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average price target of $188.50.
In other news, SVP Helen Zhang sold 12,142 shares of the stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $154.05, for a total value of $1,870,475.10. Following the sale, the senior vice president now directly owns 15,942 shares in the company, valued at $2,455,865.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Robert C. Daigle sold 13,294 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $191.13, for a total transaction of $2,540,882.22. Following the completion of the sale, the senior vice president now owns 27,229 shares in the company, valued at $5,204,278.77. The disclosure for this sale can be found here. Insiders sold 40,035 shares of company stock worth $6,763,170 over the last quarter. Company insiders own 1.09% of the company’s stock.
ROG traded down $18.20 on Friday, hitting $154.66. 11,580 shares of the company were exchanged, compared to its average volume of 234,189. The company has a current ratio of 4.65, a quick ratio of 3.42 and a debt-to-equity ratio of 0.26. Rogers Co. has a fifty-two week low of $89.21 and a fifty-two week high of $206.43. The firm has a market capitalization of $3.41 billion, a P/E ratio of 26.92 and a beta of 2.06.
Rogers (NYSE:ROG) last released its quarterly earnings results on Tuesday, April 30th. The electronics maker reported $1.85 EPS for the quarter, beating the consensus estimate of $1.32 by $0.53. The business had revenue of $239.80 million for the quarter, compared to analyst estimates of $226.25 million. Rogers had a net margin of 9.94% and a return on equity of 13.71%. The company’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.48 earnings per share. Analysts predict that Rogers Co. will post 6.67 EPS for the current year.
Rogers Company Profile
Rogers Corporation designs, develops, manufactures, and sells engineered materials and components worldwide. It operates in Advanced Connectivity Solutions (ACS), Elastomeric Material Solutions (EMS), Power Electronics Solutions (PES), and Other segments. The ACS segment offers circuit materials and solutions for connectivity applications in wireless infrastructure, automotive, aerospace and defense, connected devices, wired infrastructure, and consumer electronics under the RO3000, RO4000, RT/duroid, TMM, AD Series, and CLTE Series names.
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