Crossmark Global Holdings Inc. bought a new position in shares of Rogers Co. (NYSE:ROG) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 3,460 shares of the electronics maker’s stock, valued at approximately $461,000.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Rogers by 5.3% in the 2nd quarter. Vanguard Group Inc. now owns 1,636,085 shares of the electronics maker’s stock valued at $177,712,000 after acquiring an additional 82,322 shares in the last quarter. Neuberger Berman Group LLC raised its stake in shares of Rogers by 1.9% during the 2nd quarter. Neuberger Berman Group LLC now owns 1,533,535 shares of the electronics maker’s stock worth $166,573,000 after purchasing an additional 28,911 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Rogers by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,049,565 shares of the electronics maker’s stock worth $114,004,000 after purchasing an additional 5,406 shares in the last quarter. Northern Trust Corp raised its stake in shares of Rogers by 3.4% during the 2nd quarter. Northern Trust Corp now owns 618,786 shares of the electronics maker’s stock worth $67,212,000 after purchasing an additional 20,253 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Rogers by 4.1% during the 2nd quarter. State Street Corp now owns 445,798 shares of the electronics maker’s stock worth $48,420,000 after purchasing an additional 17,726 shares in the last quarter. Institutional investors and hedge funds own 93.26% of the company’s stock.
A number of research firms recently weighed in on ROG. B. Riley restated a “buy” rating and issued a $147.00 price target on shares of Rogers in a research note on Sunday, August 20th. Needham & Company LLC reaffirmed a “buy” rating and issued a $165.00 price objective on shares of Rogers in a report on Friday, November 3rd. Zacks Investment Research raised Rogers from a “hold” rating to a “buy” rating and set a $130.00 price objective on the stock in a report on Friday, August 18th. ValuEngine lowered Rogers from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, BidaskClub raised Rogers from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $160.25.
Rogers (NYSE:ROG) last issued its quarterly earnings data on Thursday, November 2nd. The electronics maker reported $1.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.15. Rogers had a return on equity of 14.22% and a net margin of 10.88%. The company had revenue of $206.80 million during the quarter, compared to the consensus estimate of $198.16 million. During the same period last year, the company earned $0.86 earnings per share. The firm’s revenue was up 25.1% compared to the same quarter last year. research analysts predict that Rogers Co. will post 5.85 EPS for the current fiscal year.
In related news, SVP Robert C. Daigle sold 683 shares of Rogers stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $124.00, for a total transaction 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 can be accessed through this link. Also, SVP Jeffrey M. Grudzien sold 1,888 shares of Rogers stock in a transaction on Monday, November 20th. The stock was sold at an average price of $158.27, for a total value of $298,813.76. Following the sale, the senior vice president now owns 24,192 shares in the company, valued at $3,828,867.84. The disclosure for this sale can be found here. Insiders have sold 31,327 shares of company stock valued at $4,191,128 in the last ninety days. 1.50% of the stock is currently owned by insiders.
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Rogers 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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