State of Wyoming Purchases 745 Shares of Rogers Co. (NYSE:ROG)

State of Wyoming lifted its position in Rogers Co. (NYSE:ROG) by 5.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 14,069 shares of the electronics maker’s stock after acquiring an additional 745 shares during the period. State of Wyoming’s holdings in Rogers were worth $1,430,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sterling Capital Management LLC lifted its position in Rogers by 810.8% during the fourth quarter. Sterling Capital Management LLC now owns 592 shares of the electronics maker’s stock valued at $60,000 after purchasing an additional 527 shares during the period. Covestor Ltd lifted its position in Rogers by 43.7% during the fourth quarter. Covestor Ltd now owns 1,164 shares of the electronics maker’s stock valued at $118,000 after purchasing an additional 354 shares during the period. Bank of Montreal Can lifted its position in Rogers by 6.2% during the fourth quarter. Bank of Montreal Can now owns 2,022 shares of the electronics maker’s stock valued at $205,000 after purchasing an additional 118 shares during the period. Vestmark Advisory Solutions Inc. bought a new position in Rogers during the fourth quarter valued at approximately $222,000. Finally, Canada Pension Plan Investment Board bought a new position in Rogers during the fourth quarter valued at approximately $274,000. Institutional investors own 96.02% of the company’s stock.

Analysts Set New Price Targets

ROG has been the topic of a number of research analyst reports. B. Riley increased their price objective on shares of Rogers from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Wednesday, April 30th. CL King initiated coverage on shares of Rogers in a research report on Monday, March 31st. They issued a “buy” rating and a $85.00 price target on the stock.

Insider Transactions at Rogers

In related news, VP Griffin Melaney Gappert sold 756 shares of the firm’s stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $62.55, for a total transaction of $47,287.80. Following the completion of the transaction, the vice president now directly owns 4,484 shares of the company’s stock, valued at approximately $280,474.20. This trade represents a 14.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.35% of the company’s stock.

Rogers Trading Up 0.3%

ROG opened at $69.98 on Friday. Rogers Co. has a 1-year low of $51.43 and a 1-year high of $134.07. The company has a market capitalization of $1.30 billion, a PE ratio of 49.63 and a beta of 0.41. The firm’s 50 day simple moving average is $64.48 and its two-hundred day simple moving average is $85.70.

Rogers (NYSE:ROG) last released its quarterly earnings results on Tuesday, April 29th. The electronics maker reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.03. Rogers had a net margin of 3.14% and a return on equity of 3.98%. The business had revenue of $190.50 million for the quarter, compared to the consensus estimate of $187.50 million. Equities analysts forecast that Rogers Co. will post 3.57 earnings per share for the current fiscal year.

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.