Thrivent Financial for Lutherans Sells 165 Shares of Rogers Co. (NYSE:ROG)

Thrivent Financial for Lutherans lowered its stake in shares of Rogers Co. (NYSE:ROG) by 1.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,126 shares of the electronics maker’s stock after selling 165 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.07% of Rogers worth $1,334,000 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. Vestmark Advisory Solutions Inc. acquired a new position in shares of Rogers during the fourth quarter worth approximately $222,000. FMR LLC lifted its holdings in Rogers by 83.1% during the 3rd quarter. FMR LLC now owns 2,309 shares of the electronics maker’s stock worth $261,000 after buying an additional 1,048 shares in the last quarter. SG Americas Securities LLC acquired a new position in Rogers during the 4th quarter worth $286,000. Procyon Advisors LLC boosted its position in Rogers by 11.9% in the 4th quarter. Procyon Advisors LLC now owns 3,108 shares of the electronics maker’s stock valued at $316,000 after buying an additional 331 shares during the last quarter. Finally, Hedges Asset Management LLC increased its stake in shares of Rogers by 36.5% in the 4th quarter. Hedges Asset Management LLC now owns 3,550 shares of the electronics maker’s stock valued at $361,000 after buying an additional 950 shares during the period. Institutional investors and hedge funds own 96.02% of the company’s stock.

Rogers Stock Down 4.4 %

Shares of ROG opened at $67.73 on Monday. The stock’s fifty day simple moving average is $84.08 and its 200-day simple moving average is $96.67. The firm has a market capitalization of $1.25 billion, a PE ratio of 48.04 and a beta of 0.56. Rogers Co. has a 12-month low of $67.40 and a 12-month high of $134.07.

Rogers (NYSE:ROG) last released its earnings results on Wednesday, February 19th. The electronics maker reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. Rogers had a net margin of 3.14% and a return on equity of 3.98%. The company had revenue of $192.20 million for the quarter, compared to the consensus estimate of $191.75 million. During the same period in the prior year, the company posted $0.60 EPS. Analysts anticipate that Rogers Co. will post 3.57 EPS for the current year.

About Rogers

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.