Leeward Investments LLC MA trimmed its holdings in shares of Rogers Corporation (NYSE:ROG – Free Report) by 2.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 137,559 shares of the electronics maker’s stock after selling 3,750 shares during the period. Leeward Investments LLC MA owned approximately 0.77% of Rogers worth $14,764,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC boosted its stake in Rogers by 2.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,704 shares of the electronics maker’s stock worth $453,000 after acquiring an additional 130 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Rogers by 4.1% during the fourth quarter. Signaturefd LLC now owns 3,343 shares of the electronics maker’s stock valued at $306,000 after purchasing an additional 133 shares during the period. Squarepoint Ops LLC boosted its position in shares of Rogers by 0.6% during the 3rd quarter. Squarepoint Ops LLC now owns 29,294 shares of the electronics maker’s stock worth $2,357,000 after purchasing an additional 162 shares in the last quarter. Cerity Partners LLC grew its stake in shares of Rogers by 6.1% in the 4th quarter. Cerity Partners LLC now owns 2,870 shares of the electronics maker’s stock valued at $263,000 after buying an additional 166 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position in Rogers by 1.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,395 shares of the electronics maker’s stock valued at $1,594,000 after buying an additional 235 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.
Rogers Price Performance
ROG opened at $158.90 on Wednesday. Rogers Corporation has a fifty-two week low of $61.17 and a fifty-two week high of $169.00. The firm has a market capitalization of $2.84 billion, a PE ratio of -52.79 and a beta of 0.52. The company’s 50-day moving average is $139.15 and its 200 day moving average is $114.36.
Insider Buying and Selling at Rogers
In related news, SVP Brian Keith Larabee sold 830 shares of Rogers stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $135.91, for a total transaction of $112,805.30. Following the transaction, the senior vice president owned 5,515 shares of the company’s stock, valued at $749,543.65. The trade was a 13.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.08% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on the company. Weiss Ratings raised Rogers from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 18th. B. Riley Financial increased their target price on Rogers to $200.00 and gave the stock a “buy” rating in a report on Monday, June 15th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $200.00.
Rogers Company Profile
Rogers Corporation (NYSE: ROG) is a global technology and materials company specializing in the development and manufacture of engineered materials and components. The company designs and produces a broad portfolio of high-performance elastomeric, foam, silicone, adhesive and thermal management solutions, as well as advanced circuit board laminates. Its products are engineered to meet stringent requirements in areas such as electrical insulation, thermal performance and electromagnetic shielding.
Rogers serves a diverse range of end markets, including automotive, aerospace and defense, telecommunications, consumer electronics and industrial applications.
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