Vanguard Group Inc. Boosts Holdings in Rogers Co. (NYSE:ROG)

Vanguard Group Inc. raised its stake in Rogers Co. (NYSE:ROG) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,353,358 shares of the electronics maker’s stock after acquiring an additional 40,835 shares during the quarter. Vanguard Group Inc. owned approximately 12.61% of Rogers worth $239,125,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp raised its holdings in shares of Rogers by 1.2% in the 3rd quarter. State Street Corp now owns 706,815 shares of the electronics maker’s stock worth $79,877,000 after purchasing an additional 8,402 shares during the period. Geode Capital Management LLC raised its stake in shares of Rogers by 1.3% in the third quarter. Geode Capital Management LLC now owns 411,048 shares of the electronics maker’s stock valued at $46,461,000 after buying an additional 5,164 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Rogers by 5.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 242,914 shares of the electronics maker’s stock valued at $24,682,000 after buying an additional 13,311 shares during the last quarter. Oddo BHF Asset Management Sas bought a new position in shares of Rogers during the 3rd quarter worth $17,517,000. Finally, Principal Financial Group Inc. increased its holdings in Rogers by 3.2% in the 4th quarter. Principal Financial Group Inc. now owns 82,455 shares of the electronics maker’s stock worth $8,378,000 after acquiring an additional 2,538 shares during the last quarter. 96.02% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, CL King initiated coverage on shares of Rogers in a report on Monday, March 31st. They set a “buy” rating and a $85.00 price objective on the stock.

Rogers Trading Down 1.3 %

Rogers stock opened at $60.88 on Friday. The firm has a 50 day simple moving average of $80.83 and a 200 day simple moving average of $95.37. Rogers Co. has a 1-year low of $56.13 and a 1-year high of $134.07. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 43.18 and a beta of 0.51.

Rogers (NYSE:ROG) last released its quarterly earnings data 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 return on equity of 3.98% and a net margin of 3.14%. The company had revenue of $192.20 million for the quarter, compared to analyst estimates of $191.75 million. During the same period in the previous year, the company posted $0.60 EPS. On average, equities research analysts forecast that Rogers Co. will post 3.57 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.