Gabelli Funds LLC Raises Holdings in Rogers Co. (NYSE:ROG)

Gabelli Funds LLC increased its position in shares of Rogers Co. (NYSE:ROG) by 3.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 42,450 shares of the electronics maker’s stock after purchasing an additional 1,595 shares during the period. Gabelli Funds LLC’s holdings in Rogers were worth $4,313,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. XTX Topco Ltd grew its holdings in Rogers by 90.2% during the 4th quarter. XTX Topco Ltd now owns 9,826 shares of the electronics maker’s stock worth $998,000 after acquiring an additional 4,661 shares in the last quarter. Mariner LLC boosted its stake in shares of Rogers by 27.3% during the fourth quarter. Mariner LLC now owns 19,989 shares of the electronics maker’s stock valued at $2,031,000 after purchasing an additional 4,283 shares in the last quarter. Barclays PLC increased its holdings in Rogers by 22.7% during the fourth quarter. Barclays PLC now owns 37,515 shares of the electronics maker’s stock valued at $3,812,000 after buying an additional 6,935 shares during the period. Granite Investment Partners LLC raised its stake in Rogers by 3.5% in the fourth quarter. Granite Investment Partners LLC now owns 79,583 shares of the electronics maker’s stock worth $8,086,000 after buying an additional 2,715 shares in the last quarter. Finally, Cooper Creek Partners Management LLC purchased a new stake in Rogers during the fourth quarter worth $8,317,000. 96.02% of the stock is currently owned by institutional investors.

Rogers Stock Performance

Shares of Rogers stock opened at $53.82 on Friday. Rogers Co. has a one year low of $51.43 and a one year high of $134.07. The company has a market capitalization of $996.73 million, a PE ratio of 38.17 and a beta of 0.51. The company has a 50-day simple moving average of $73.26 and a two-hundred day simple moving average of $91.81.

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

Analysts Set New Price Targets

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

About Rogers

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.