BNP Paribas Arbitrage SA grew its holdings in Rogers Corporation (NYSE:ROG) by 7.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,111 shares of the electronics maker’s stock after purchasing an additional 1,469 shares during the quarter. BNP Paribas Arbitrage SA owned approximately 0.12% of Rogers Corporation worth $2,814,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Canada Pension Plan Investment Board bought a new position in shares of Rogers Corporation in the 2nd quarter valued at about $1,521,000. Timpani Capital Management LLC bought a new position in shares of Rogers Corporation in the 2nd quarter valued at about $1,234,000. Legal & General Group Plc boosted its stake in shares of Rogers Corporation by 8.8% in the 2nd quarter. Legal & General Group Plc now owns 35,403 shares of the electronics maker’s stock valued at $3,845,000 after purchasing an additional 2,877 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of Rogers Corporation by 2.5% in the 2nd quarter. Great West Life Assurance Co. Can now owns 26,444 shares of the electronics maker’s stock valued at $2,869,000 after purchasing an additional 639 shares during the last quarter. Finally, Chatham Capital Group Inc. boosted its stake in Rogers Corporation by 10.6% during the 2nd quarter. Chatham Capital Group Inc. now owns 14,950 shares of the electronics maker’s stock worth $1,624,000 after acquiring an additional 1,428 shares during the last quarter. 90.56% of the stock is currently owned by institutional investors.
In other Rogers Corporation news, SVP Robert C. Daigle sold 683 shares of Rogers Corporation stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $124.00, for a total value of $84,692.00. Following the transaction, the senior vice president now owns 25,612 shares of the company’s stock, valued at $3,175,888. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Robert C. Daigle sold 545 shares of Rogers Corporation stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $127.82, for a total transaction of $69,661.90. Following the completion of the transaction, the senior vice president now directly owns 23,362 shares in the company, valued at approximately $2,986,130.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,439 shares of company stock worth $3,892,314. Insiders own 1.50% of the company’s stock.
ROG has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Rogers Corporation from a “hold” rating to a “strong-buy” rating and set a $171.00 price objective on the stock in a research note on Wednesday, November 8th. B. Riley reissued a “buy” rating and set a $180.00 price objective (up previously from $147.00) on shares of Rogers Corporation in a research note on Monday, October 30th. Needham & Company LLC reissued a “buy” rating and set a $165.00 price objective on shares of Rogers Corporation in a research note on Friday, November 3rd. Finally, BidaskClub lowered shares of Rogers Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $160.25.
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Rogers Corporation (ROG) opened at $159.45 on Tuesday. Rogers Corporation has a one year low of $70.73 and a one year high of $161.21. The firm has a market cap of $2,889.84, a P/E ratio of 29.55 and a beta of 1.14. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.74 and a current ratio of 3.74.
Rogers Corporation (NYSE:ROG) last announced its quarterly earnings results on Thursday, November 2nd. The electronics maker reported $1.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.15. Rogers Corporation had a net margin of 10.88% and a return on equity of 14.22%. The firm had revenue of $206.80 million for the quarter, compared to analyst estimates of $198.16 million. During the same quarter in the previous year, the firm posted $0.86 earnings per share. The business’s revenue was up 25.1% on a year-over-year basis. analysts forecast that Rogers Corporation will post 5.85 earnings per share for the current fiscal year.
Rogers Corporation Company Profile
Rogers Corporation manufactures and sells engineered materials and components for mission critical applications. The Company’s segments are Advanced Connectivity Solutions (ACS), Elastomeric Material Solutions (EMS), Power Electronics Solutions (PES) and Other. The ACS segment manufactures and sells circuit materials and solutions for applications in wireless communications infrastructure, automotive, connected devices, consumer electronics and aerospace/defense.
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