Creative Planning Has $625,000 Stake in Rogers Co. (NYSE:ROG)

Creative Planning increased its stake in shares of Rogers Co. (NYSE:ROG) by 26.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,531 shares of the electronics maker’s stock after acquiring an additional 1,144 shares during the period. Creative Planning’s holdings in Rogers were worth $625,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ROG. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Rogers in the 1st quarter valued at about $2,257,000. SG Americas Securities LLC bought a new position in shares of Rogers in the 2nd quarter valued at about $4,001,000. Trillium Asset Management LLC grew its position in shares of Rogers by 6.6% in the 1st quarter. Trillium Asset Management LLC now owns 81,651 shares of the electronics maker’s stock valued at $9,691,000 after acquiring an additional 5,037 shares during the period. Edgestream Partners L.P. grew its position in shares of Rogers by 433.8% in the 1st quarter. Edgestream Partners L.P. now owns 11,956 shares of the electronics maker’s stock valued at $1,419,000 after acquiring an additional 9,716 shares during the period. Finally, Texas Permanent School Fund Corp grew its position in shares of Rogers by 34.1% in the 2nd quarter. Texas Permanent School Fund Corp now owns 19,669 shares of the electronics maker’s stock valued at $2,372,000 after acquiring an additional 5,005 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Rogers Stock Performance

Shares of ROG stock opened at $101.87 on Tuesday. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 38.01 and a beta of 0.51. The company has a 50-day simple moving average of $104.14 and a 200 day simple moving average of $112.70. Rogers Co. has a 52 week low of $96.10 and a 52 week high of $138.85.

Rogers (NYSE:ROG) last issued its quarterly earnings data on Thursday, October 24th. The electronics maker reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.13. The business had revenue of $210.30 million during the quarter, compared to analysts’ expectations of $220.20 million. Rogers had a net margin of 5.91% and a return on equity of 4.19%. During the same quarter in the previous year, the company earned $1.24 EPS. Sell-side analysts forecast that Rogers Co. will post 2.71 EPS for the current year.

Rogers Company 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.