Rogers Co. (NYSE:ROG) Holdings Increased by Nan Shan Life Insurance Co. Ltd.


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Nan Shan Life Insurance Co. Ltd. increased its position in Rogers Co. (NYSE:ROG) by 113.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 107,780 shares of the electronics maker’s stock after acquiring an additional 57,280 shares during the period. Nan Shan Life Insurance Co. Ltd.’s holdings in Rogers were worth $16,737,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of ROG. Point72 Hong Kong Ltd acquired a new position in Rogers in the 3rd quarter worth approximately $33,000. Stockman Wealth Management Inc. acquired a new stake in Rogers in the fourth quarter valued at approximately $207,000. WealthTrust Axiom LLC bought a new stake in Rogers in the fourth quarter worth approximately $232,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Rogers by 42.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,371 shares of the electronics maker’s stock worth $233,000 after purchasing an additional 709 shares during the last quarter. Finally, Garrison Point Advisors LLC bought a new position in shares of Rogers during the 4th quarter valued at $233,000. 94.49% of the stock is owned by institutional investors.

NYSE ROG traded down $7.68 during trading on Tuesday, hitting $184.21. The company’s stock had a trading volume of 1,813 shares, compared to its average volume of 81,849. Rogers Co. has a 52 week low of $75.72 and a 52 week high of $195.38. The firm has a market cap of $3.44 billion, a P/E ratio of 619.02 and a beta of 1.82. The firm has a 50 day moving average price of $171.89 and a 200 day moving average price of $137.05. The company has a quick ratio of 3.43, a current ratio of 4.46 and a debt-to-equity ratio of 0.06.

Rogers (NYSE:ROG) last released its earnings results on Wednesday, February 17th. The electronics maker reported $1.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $0.16. Rogers had a net margin of 0.77% and a return on equity of 9.06%. On average, equities analysts expect that Rogers Co. will post 4.89 earnings per share for the current year.

Several research firms have weighed in on ROG. B. Riley raised their target price on Rogers from $215.00 to $225.00 and gave the company a “buy” rating in a report on Friday. TheStreet upgraded Rogers from a “c+” rating to a “b” rating in a report on Thursday, February 18th. Finally, Zacks Investment Research cut shares of Rogers from a “buy” rating to a “hold” rating in a research note on Wednesday, December 30th.

In other Rogers news, SVP Robert C. Daigle sold 3,291 shares of the business’s stock in a transaction on Friday, December 11th. The shares were sold at an average price of $151.33, for a total value of $498,027.03. Following the sale, the senior vice president now owns 17,317 shares of the company’s stock, valued at approximately $2,620,581.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Bruce D. Hoechner sold 6,700 shares of the firm’s stock in a transaction dated Friday, February 19th. The stock was sold at an average price of $186.38, for a total transaction of $1,248,746.00. Following the transaction, the chief executive officer now directly owns 96,266 shares of the company’s stock, valued at $17,942,057.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,106 shares of company stock worth $4,335,081. 1.09% of the stock is owned by company insiders.

Rogers Company Profile

Rogers Corporation designs, develops, manufactures, and sells engineered materials and components worldwide. It operates in Advanced Connectivity Solutions (ACS), Elastomeric Material Solutions (EMS), Power Electronics Solutions (PES), and Other segments. The ACS segment offers circuit materials and solutions for connectivity applications in wireless infrastructure, automotive, aerospace and defense, connected devices, and wired infrastructure under the RO4000, RO3000, RT/duroid, TMM, AD Series, CuClad, Kappa, DiClad, IsoClad, COOLSPAN, MAGTREX, TC Series, IM Series, 92ML, and CLTE Series names.

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Institutional Ownership by Quarter for Rogers (NYSE:ROG)

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