9,799 Shares in Rogers Corporation (ROG) Acquired by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC bought a new position in Rogers Corporation (NYSE:ROG) during the second quarter, according to its most recent filing with the SEC. The firm bought 9,799 shares of the electronics maker’s stock, valued at approximately $1,064,000. Moody Aldrich Partners LLC owned about 0.05% of Rogers Corporation as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in ROG. BlackRock Inc. raised its position in shares of Rogers Corporation by 60,174.9% in the first quarter. BlackRock Inc. now owns 2,189,786 shares of the electronics maker’s stock worth $188,037,000 after buying an additional 2,186,153 shares during the last quarter. Vanguard Group Inc. increased its position in Rogers Corporation by 2.9% in the first quarter. Vanguard Group Inc. now owns 1,553,763 shares of the electronics maker’s stock worth $133,421,000 after buying an additional 43,385 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Rogers Corporation by 3.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,044,159 shares of the electronics maker’s stock worth $89,662,000 after buying an additional 34,003 shares in the last quarter. State Street Corp increased its position in Rogers Corporation by 5.5% in the first quarter. State Street Corp now owns 428,072 shares of the electronics maker’s stock worth $36,761,000 after buying an additional 22,288 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in Rogers Corporation by 7.8% in the first quarter. Ameriprise Financial Inc. now owns 417,153 shares of the electronics maker’s stock worth $35,820,000 after buying an additional 30,081 shares in the last quarter. 93.89% of the stock is owned by hedge funds and other institutional investors.

Rogers Corporation (NYSE ROG) traded up 0.10% during trading on Friday, hitting $115.32. 76,000 shares of the stock were exchanged. The firm’s 50-day moving average is $110.89 and its 200 day moving average is $94.83. The firm has a market cap of $2.09 billion, a PE ratio of 34.89 and a beta of 1.15. Rogers Corporation has a 52 week low of $51.98 and a 52 week high of $118.33.

Rogers Corporation (NYSE:ROG) last issued its quarterly earnings data on Wednesday, April 26th. The electronics maker reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.53. The firm had revenue of $203.80 million during the quarter, compared to analysts’ expectations of $190.48 million. Rogers Corporation had a net margin of 8.63% and a return on equity of 12.50%. The business’s revenue was up 26.9% on a year-over-year basis. During the same period last year, the company earned $0.94 earnings per share. Analysts expect that Rogers Corporation will post $5.33 earnings per share for the current fiscal year.

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A number of equities analysts have recently commented on ROG shares. B. Riley restated a “buy” rating and set a $120.00 price objective on shares of Rogers Corporation in a research note on Saturday, April 29th. Needham & Company LLC restated a “buy” rating and set a $115.00 price objective (up from $91.00) on shares of Rogers Corporation in a research note on Friday, April 28th. Sidoti upgraded shares of Rogers Corporation from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 11th. BidaskClub downgraded shares of Rogers Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 16th. Finally, Zacks Investment Research downgraded shares of Rogers Corporation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Rogers Corporation presently has a consensus rating of “Buy” and a consensus price target of $120.50.

In related news, Director Keith Barnes sold 850 shares of the business’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $111.19, for a total transaction of $94,511.50. Following the transaction, the director now directly owns 2,850 shares in the company, valued at $316,891.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Peter C. Wallace sold 2,000 shares of the business’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $107.28, for a total transaction of $214,560.00. Following the transaction, the director now owns 14,300 shares in the company, valued at $1,534,104. The disclosure for this sale can be found here. Insiders have sold 4,850 shares of company stock valued at $522,452 over the last quarter. Corporate insiders own 1.50% of the company’s stock.

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.