Texas Permanent School Fund grew its holdings in Rogers Co. (NYSE:ROG) by 4.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,520 shares of the electronics maker’s stock after purchasing an additional 486 shares during the quarter. Texas Permanent School Fund’s holdings in Rogers were worth $1,989,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Thrivent Financial for Lutherans raised its stake in shares of Rogers by 90.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 402,566 shares of the electronics maker’s stock worth $39,878,000 after acquiring an additional 190,848 shares in the last quarter. Norges Bank purchased a new stake in Rogers during the 4th quarter worth approximately $18,528,000. Ellis Investment Partners LLC purchased a new stake in Rogers during the 1st quarter worth approximately $104,000. RK Capital Management LLC purchased a new stake in Rogers during the 4th quarter worth approximately $4,646,000. Finally, Federated Investors Inc. PA grew its position in Rogers by 131.7% during the 3rd quarter. Federated Investors Inc. PA now owns 75,300 shares of the electronics maker’s stock worth $11,093,000 after purchasing an additional 42,800 shares during the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.
Shares of ROG stock traded down $15.59 during trading hours on Monday, hitting $126.45. The company’s stock had a trading volume of 7,007 shares, compared to its average volume of 236,095. The company has a market capitalization of $2.63 billion, a P/E ratio of 22.01 and a beta of 2.06. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.65 and a quick ratio of 3.42. Rogers Co. has a 12-month low of $89.21 and a 12-month high of $206.43.
Rogers (NYSE:ROG) last released its quarterly earnings data 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 the consensus estimate of $226.25 million. Rogers had a net margin of 9.94% and a return on equity of 13.71%. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.48 EPS. As a group, sell-side analysts forecast that Rogers Co. will post 6.67 earnings per share for the current year.
Several analysts have weighed in on the stock. Zacks Investment Research raised 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. ValuEngine raised shares of Rogers from a “hold” rating to a “buy” rating in a research report on Wednesday, February 27th. B. Riley boosted their target price on shares of Rogers from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Finally, Needham & Company LLC reissued a “buy” rating and set a $155.00 target price on shares of Rogers in a research report on Thursday, February 21st. Five analysts have rated the stock with a buy rating, Rogers presently has a consensus rating of “Buy” and a consensus target price of $188.50.
In related news, SVP Helen Zhang sold 12,142 shares of the stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $154.05, for a total transaction of $1,870,475.10. Following the sale, the senior vice president now directly owns 15,942 shares of the company’s stock, valued at $2,455,865.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Robert C. Daigle sold 13,294 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $191.13, for a total transaction of $2,540,882.22. Following the sale, the senior vice president now directly owns 27,229 shares in the company, valued at $5,204,278.77. The disclosure for this sale can be found here. Insiders sold a total of 40,035 shares of company stock worth $6,763,170 over the last ninety days. Insiders own 1.09% of the company’s stock.
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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