1,492,840 Shares in Rogers Co. (NYSE:ROG) Acquired by Norges Bank

Norges Bank bought a new stake in Rogers Co. (NYSE:ROGFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,492,840 shares of the electronics maker’s stock, valued at approximately $197,159,000. Norges Bank owned 8.02% of Rogers as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ROG. Schroder Investment Management Group purchased a new position in Rogers during the 3rd quarter valued at about $19,085,000. Victory Capital Management Inc. raised its stake in shares of Rogers by 12.1% in the fourth quarter. Victory Capital Management Inc. now owns 758,251 shares of the electronics maker’s stock valued at $100,142,000 after acquiring an additional 81,771 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Rogers by 7.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 653,201 shares of the electronics maker’s stock valued at $86,270,000 after purchasing an additional 43,086 shares during the period. Pinnacle Associates Ltd. grew its stake in Rogers by 45.0% during the 4th quarter. Pinnacle Associates Ltd. now owns 120,734 shares of the electronics maker’s stock worth $15,945,000 after purchasing an additional 37,456 shares in the last quarter. Finally, Walleye Capital LLC raised its position in Rogers by 2,125.9% in the 3rd quarter. Walleye Capital LLC now owns 31,986 shares of the electronics maker’s stock valued at $4,205,000 after purchasing an additional 30,549 shares in the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Rogers Stock Performance

ROG stock opened at $116.87 on Thursday. Rogers Co. has a fifty-two week low of $105.48 and a fifty-two week high of $173.16. The company’s 50 day moving average price is $116.41 and its 200 day moving average price is $120.60. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of 32.11 and a beta of 0.67.

Rogers (NYSE:ROGGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The electronics maker reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.03. Rogers had a net margin of 7.73% and a return on equity of 5.30%. The business had revenue of $213.40 million during the quarter, compared to analysts’ expectations of $210.00 million. Equities analysts forecast that Rogers Co. will post 3.07 EPS for the current fiscal year.

Rogers Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Rogers (NYSE:ROG)

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