Insight Capital Research & Management Inc. Invests $3.05 Million in Rogers Co. (ROG)

Insight Capital Research & Management Inc. bought a new stake in shares of Rogers Co. (NYSE:ROG) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 22,876 shares of the electronics maker’s stock, valued at approximately $3,049,000. Rogers accounts for about 1.7% of Insight Capital Research & Management Inc.’s investment portfolio, making the stock its 12th biggest position. Insight Capital Research & Management Inc. owned approximately 0.13% of Rogers at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Neuberger Berman Group LLC boosted its stake in shares of Rogers by 2.1% during the third quarter. Neuberger Berman Group LLC now owns 1,565,202 shares of the electronics maker’s stock valued at $208,610,000 after purchasing an additional 31,667 shares during the period. California Public Employees Retirement System increased its holdings in Rogers by 19.9% in the 3rd quarter. California Public Employees Retirement System now owns 36,224 shares of the electronics maker’s stock worth $4,828,000 after buying an additional 6,024 shares during the period. Cubist Systematic Strategies LLC acquired a new position in Rogers in the 3rd quarter worth approximately $341,000. Granahan Investment Management Inc. MA acquired a new position in Rogers in the 3rd quarter worth approximately $244,000. Finally, Oppenheimer Asset Management Inc. increased its holdings in Rogers by 178.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 782 shares of the electronics maker’s stock worth $105,000 after buying an additional 501 shares during the period. 93.26% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Bruce D. Hoechner sold 23,200 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $133.23, for a total transaction of $3,090,936.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Robert C. Daigle sold 2,074 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $125.02, for a total value of $259,291.48. Following the transaction, the senior vice president now owns 25,565 shares in the company, valued at approximately $3,196,136.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,644 shares of company stock worth $4,106,436. Insiders own 1.50% of the company’s stock.

Several equities research analysts have commented on the company. ValuEngine lowered Rogers from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. B. Riley upped their price objective on Rogers from $147.00 to $180.00 and gave the stock a “buy” rating in a research report on Sunday, November 5th. Needham & Company LLC restated a “buy” rating and issued a $165.00 price objective on shares of Rogers in a research report on Friday, November 3rd. Finally, Zacks Investment Research upgraded Rogers from a “hold” rating to a “strong-buy” rating and set a $171.00 price objective on the stock in a research report on Wednesday, November 8th. One analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $160.25.

Rogers Co. (NYSE ROG) traded up $0.33 during trading on Tuesday, reaching $155.33. The company’s stock had a trading volume of 146,200 shares, compared to its average volume of 129,081. The company has a current ratio of 3.74, a quick ratio of 2.74 and a debt-to-equity ratio of 0.18. Rogers Co. has a 1-year low of $74.24 and a 1-year high of $168.07. The stock has a market cap of $2,827.81, a price-to-earnings ratio of 28.92 and a beta of 1.16.

Rogers (NYSE:ROG) last released its quarterly earnings data on Thursday, November 2nd. The electronics maker reported $1.41 EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of $206.80 million for the quarter, compared to analyst estimates of $198.16 million. During the same quarter in the prior year, the firm posted $0.86 EPS. The business’s quarterly revenue was up 25.1% compared to the same quarter last year. sell-side analysts forecast that Rogers Co. will post 5.85 earnings per share for the current fiscal year.

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Rogers 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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Institutional Ownership by Quarter for Rogers (NYSE:ROG)

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