Rogers (NYSE:ROG) Stock Price Up 3.7% – Time to Buy?

Rogers Co. (NYSE:ROG) rose 3.7% during mid-day trading on Monday . The company traded as high as $89.87 and last traded at $89.05. Approximately 37,119 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 130,303 shares. The stock had previously closed at $85.87.

Rogers Trading Down 0.8 %

The business’s fifty day moving average price is $95.30 and its two-hundred day moving average price is $101.36. The firm has a market cap of $1.59 billion, a P/E ratio of 60.29 and a beta of 0.51.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ROG. JPMorgan Chase & Co. grew its position in shares of Rogers by 29.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 77,211 shares of the electronics maker’s stock worth $8,726,000 after buying an additional 17,648 shares during the period. Geode Capital Management LLC boosted its holdings 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. Invenomic Capital Management LP bought a new position in Rogers during the 3rd quarter worth about $3,057,000. Jane Street Group LLC grew its holdings in shares of Rogers by 46.8% during the third quarter. Jane Street Group LLC now owns 27,011 shares of the electronics maker’s stock worth $3,053,000 after buying an additional 8,615 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Rogers by 5.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 229,603 shares of the electronics maker’s stock worth $25,947,000 after acquiring an additional 11,876 shares in the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

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.