Intech Investment Management LLC increased its position in Rogers Corporation (NYSE:ROG – Free Report) by 552.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,063 shares of the electronics maker’s stock after purchasing an additional 45,778 shares during the period. Intech Investment Management LLC owned 0.30% of Rogers worth $4,951,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Global Retirement Partners LLC grew its stake in Rogers by 6,576.5% in the fourth quarter. Global Retirement Partners LLC now owns 1,135 shares of the electronics maker’s stock worth $104,000 after purchasing an additional 1,118 shares during the period. Virtus Advisers LLC purchased a new stake in Rogers in the third quarter worth $127,000. Quadrant Capital Group LLC purchased a new stake in Rogers in the third quarter worth $130,000. PNC Financial Services Group Inc. grew its stake in Rogers by 119.7% in the third quarter. PNC Financial Services Group Inc. now owns 1,905 shares of the electronics maker’s stock worth $153,000 after purchasing an additional 1,038 shares during the period. Finally, Cornerstone Investment Partners LLC purchased a new stake in Rogers in the fourth quarter worth $205,000. 96.02% of the stock is owned by hedge funds and other institutional investors.
Rogers Price Performance
Shares of NYSE:ROG opened at $141.41 on Monday. Rogers Corporation has a 1-year low of $61.17 and a 1-year high of $148.44. The business has a fifty day moving average price of $124.17 and a 200-day moving average price of $105.95. The company has a market capitalization of $2.52 billion, a PE ratio of -46.98 and a beta of 0.52.
Insider Buying and Selling at Rogers
In other news, SVP Brian Keith Larabee sold 830 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $135.91, for a total transaction of $112,805.30. Following the completion of the transaction, the senior vice president directly owned 5,515 shares in the company, valued at $749,543.65. This trade represents a 13.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.08% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on the company. Weiss Ratings raised Rogers from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 18th. B. Riley Financial reaffirmed a “buy” rating on shares of Rogers in a research note on Thursday, April 23rd. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Rogers presently has an average rating of “Hold” and an average target price of $133.00.
Check Out Our Latest Report on ROG
Rogers Company Profile
Rogers Corporation (NYSE: ROG) is a global technology and materials company specializing in the development and manufacture of engineered materials and components. The company designs and produces a broad portfolio of high-performance elastomeric, foam, silicone, adhesive and thermal management solutions, as well as advanced circuit board laminates. Its products are engineered to meet stringent requirements in areas such as electrical insulation, thermal performance and electromagnetic shielding.
Rogers serves a diverse range of end markets, including automotive, aerospace and defense, telecommunications, consumer electronics and industrial applications.
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