Principal Financial Group Inc. Increases Position in Rogers Co. (NYSE:ROG)

Principal Financial Group Inc. grew its stake in shares of Rogers Co. (NYSE:ROG) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 82,455 shares of the electronics maker’s stock after purchasing an additional 2,538 shares during the quarter. Principal Financial Group Inc. owned approximately 0.44% of Rogers worth $8,378,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. KBC Group NV grew its stake in shares of Rogers by 54.5% in the 3rd quarter. KBC Group NV now owns 669 shares of the electronics maker’s stock valued at $76,000 after purchasing an additional 236 shares during the last quarter. FMR LLC increased its stake in shares of 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 purchasing an additional 1,048 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Rogers during the fourth quarter valued at $286,000. Procyon Advisors LLC grew its holdings in shares of Rogers by 11.9% during the fourth quarter. Procyon Advisors LLC now owns 3,108 shares of the electronics maker’s stock worth $316,000 after buying an additional 331 shares in the last quarter. Finally, Hedges Asset Management LLC lifted its stake in shares of Rogers by 36.5% during the 4th quarter. Hedges Asset Management LLC now owns 3,550 shares of the electronics maker’s stock worth $361,000 after purchasing an additional 950 shares during the period. Institutional investors and hedge funds own 96.02% of the company’s stock.

Rogers Price Performance

ROG opened at $79.81 on Friday. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 56.60 and a beta of 0.51. The business has a 50-day moving average of $94.17 and a two-hundred day moving average of $100.94. Rogers Co. has a 12 month low of $79.45 and a 12 month high of $134.07.

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