Covestor Ltd Purchases 354 Shares of Rogers Co. (NYSE:ROG)

Covestor Ltd raised its position in shares of Rogers Co. (NYSE:ROG) by 43.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,164 shares of the electronics maker’s stock after purchasing an additional 354 shares during the quarter. Covestor Ltd’s holdings in Rogers were worth $118,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Rogers by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 2,353,358 shares of the electronics maker’s stock valued at $239,125,000 after buying an additional 40,835 shares in the last quarter. Norges Bank bought a new stake in Rogers during the fourth quarter valued at about $113,725,000. Neuberger Berman Group LLC lifted its position in shares of Rogers by 35.6% in the fourth quarter. Neuberger Berman Group LLC now owns 972,623 shares of the electronics maker’s stock valued at $98,828,000 after acquiring an additional 255,423 shares in the last quarter. Nuance Investments LLC boosted its stake in shares of Rogers by 26.6% in the fourth quarter. Nuance Investments LLC now owns 810,081 shares of the electronics maker’s stock worth $82,312,000 after acquiring an additional 170,145 shares during the period. Finally, State Street Corp grew its position in shares of Rogers by 1.2% during the third 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 in the last quarter. 96.02% of the stock is currently owned by institutional investors.

Rogers Stock Performance

Shares of NYSE:ROG opened at $56.16 on Friday. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 39.83 and a beta of 0.51. The firm has a fifty day moving average price of $76.08 and a 200 day moving average price of $93.25. Rogers Co. has a fifty-two week low of $53.05 and a fifty-two week high of $134.07.

Rogers (NYSE:ROG) last released its quarterly earnings data on Wednesday, February 19th. The electronics maker reported $0.46 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. Rogers had a net margin of 3.14% and a return on equity of 3.98%. The business 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 firm earned $0.60 EPS. As a group, research analysts predict that Rogers Co. will post 3.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, CL King began coverage on Rogers in a report on Monday, March 31st. They issued a “buy” rating and a $85.00 price target on the stock.

Rogers 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.