Vanguard Group Inc. Has $290.49 Million Stake in Rogers Co. (NYSE:ROG)

Vanguard Group Inc. reduced its position in shares of Rogers Co. (NYSE:ROG) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,199,479 shares of the electronics maker’s stock after selling 20,697 shares during the quarter. Vanguard Group Inc. owned 11.79% of Rogers worth $290,485,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Rogers in the 4th quarter valued at about $197,159,000. Capital Research Global Investors lifted its position in shares of Rogers by 2.8% in the fourth quarter. Capital Research Global Investors now owns 1,461,059 shares of the electronics maker’s stock valued at $192,962,000 after buying an additional 39,116 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Rogers by 12.1% during the 4th quarter. Victory Capital Management Inc. now owns 758,251 shares of the electronics maker’s stock worth $100,142,000 after acquiring an additional 81,771 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Rogers by 7.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 653,201 shares of the electronics maker’s stock worth $86,270,000 after acquiring an additional 43,086 shares during the last quarter. Finally, ACK Asset Management LLC raised its stake in Rogers by 10.9% in the 4th quarter. ACK Asset Management LLC now owns 410,200 shares of the electronics maker’s stock valued at $54,175,000 after acquiring an additional 40,200 shares during the period. Institutional investors and hedge funds own 96.02% of the company’s stock.

Rogers Price Performance

Shares of Rogers stock opened at $120.61 on Friday. Rogers Co. has a 1 year low of $105.48 and a 1 year high of $173.16. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 33.13 and a beta of 0.60. The business has a fifty day simple moving average of $118.51 and a two-hundred day simple moving average of $118.81.

Rogers (NYSE:ROG) last announced its earnings results on Thursday, April 25th. The electronics maker reported $0.58 EPS for the quarter, topping the consensus estimate of $0.55 by $0.03. The business had revenue of $213.40 million during the quarter, compared to the consensus estimate of $210.00 million. Rogers had a net margin of 7.73% and a return on equity of 5.30%. As a group, equities analysts anticipate that Rogers Co. will post 3.07 earnings per share for the current fiscal year.

Rogers Profile

Rogers Corporation engages in the design, development, manufacture, and sale of engineered materials and components worldwide. It operates through Advanced Electronics Solutions (AES), Elastomeric Material Solutions (EMS), and Other segments. The AES segment offers circuit materials, ceramic substrate materials, busbars, and cooling solutions for applications in electric and hybrid electric vehicles (EV/HEV), wireless infrastructure, automotive, renewable energy, aerospace and defense, mass transit, industrial, connected devices, and wired infrastructure.