Nisa Investment Advisors LLC Decreases Stock Position in Rogers Co. (NYSE:ROG)

Nisa Investment Advisors LLC decreased its holdings in shares of Rogers Co. (NYSE:ROG) by 4.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 7,760 shares of the electronics maker’s stock after selling 367 shares during the period. Nisa Investment Advisors LLC’s holdings in Rogers were worth $1,025,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Belpointe Asset Management LLC grew its position in Rogers by 115.8% during the 1st quarter. Belpointe Asset Management LLC now owns 164 shares of the electronics maker’s stock worth $27,000 after purchasing an additional 88 shares during the last quarter. BKM Wealth Management LLC acquired a new position in shares of Rogers in the 4th quarter valued at $30,000. Covestor Ltd raised its stake in Rogers by 5,866.7% in the 1st quarter. Covestor Ltd now owns 358 shares of the electronics maker’s stock worth $97,000 after acquiring an additional 352 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in Rogers by 29.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 750 shares of the electronics maker’s stock valued at $121,000 after purchasing an additional 169 shares during the last quarter. Finally, SkyView Investment Advisors LLC acquired a new position in shares of Rogers in the second quarter valued at about $188,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Rogers Trading Down 0.6 %

Shares of NYSE:ROG opened at $110.15 on Tuesday. The business has a 50-day moving average price of $115.92 and a 200-day moving average price of $122.26. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 36.35 and a beta of 0.69. Rogers Co. has a 52-week low of $107.37 and a 52-week high of $173.16. The company has a quick ratio of 3.21, a current ratio of 4.53 and a debt-to-equity ratio of 0.02.

Rogers (NYSE:ROG) last announced its quarterly earnings data on Wednesday, February 21st. The electronics maker reported $0.60 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.40). The business had revenue of $204.60 million for the quarter, compared to analyst estimates of $220.00 million. Rogers had a net margin of 6.23% and a return on equity of 5.82%. Equities analysts predict that Rogers Co. will post 2.93 EPS for the current year.

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.