Frontier Capital Management Co. LLC Has $30.86 Million Position in Rogers Corporation (ROG)

Frontier Capital Management Co. LLC decreased its stake in shares of Rogers Corporation (NYSE:ROG) by 25.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 359,343 shares of the electronics maker’s stock after selling 125,819 shares during the period. Frontier Capital Management Co. LLC owned about 1.99% of Rogers Corporation worth $30,857,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Stevens Capital Management LP raised its stake in shares of Rogers Corporation by 22.3% in the first quarter. Stevens Capital Management LP now owns 5,493 shares of the electronics maker’s stock worth $472,000 after buying an additional 1,002 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Rogers Corporation by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 7,300 shares of the electronics maker’s stock worth $627,000 after buying an additional 100 shares during the last quarter. Conestoga Capital Advisors LLC raised its stake in shares of Rogers Corporation by 3.4% in the first quarter. Conestoga Capital Advisors LLC now owns 272,383 shares of the electronics maker’s stock worth $23,390,000 after buying an additional 8,833 shares during the last quarter. Beck Mack & Oliver LLC acquired a new stake in shares of Rogers Corporation during the first quarter worth $215,000. Finally, First Quadrant L P CA raised its stake in shares of Rogers Corporation by 905.7% in the first quarter. First Quadrant L P CA now owns 14,995 shares of the electronics maker’s stock worth $1,288,000 after buying an additional 13,504 shares during the last quarter. Institutional investors and hedge funds own 93.96% of the company’s stock.

Institutional Ownership by Quarter for Rogers Corporation (NYSE:ROG)

Rogers Corporation (ROG) traded down 0.65% during trading on Friday, reaching $106.18. 151,442 shares of the company’s stock traded hands. Rogers Corporation has a one year low of $51.98 and a one year high of $113.26. The company has a 50 day moving average of $107.74 and a 200 day moving average of $87.79. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 32.13 and a beta of 1.10.

Rogers Corporation (NYSE:ROG) last posted its quarterly earnings results on Wednesday, April 26th. The electronics maker reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.53. The company had revenue of $203.80 million for the quarter, compared to analyst estimates of $190.48 million. Rogers Corporation had a return on equity of 12.50% and a net margin of 8.63%. Rogers Corporation’s revenue for the quarter was up 26.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.94 EPS. Equities research analysts predict that Rogers Corporation will post $5.33 EPS for the current year.

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A number of equities research analysts recently commented on ROG shares. BidaskClub lowered shares of Rogers Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday. B. Riley reiterated a “buy” rating and set a $105.00 price target on shares of Rogers Corporation in a report on Monday, March 6th. Needham & Company LLC boosted their price objective on shares of Rogers Corporation from $79.00 to $91.00 and gave the company a “buy” rating in a research report on Tuesday, February 21st. Sidoti raised shares of Rogers Corporation from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 11th. Finally, Zacks Investment Research downgraded shares of Rogers Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, March 14th. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $102.60.

In other news, SVP Robert C. Daigle sold 18,872 shares of the stock in a transaction dated Thursday, April 27th. The stock was sold at an average price of $98.48, for a total value of $1,858,514.56. Following the transaction, the senior vice president now owns 35,579 shares in the company, valued at approximately $3,503,819.92. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Keith Barnes sold 850 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $111.19, for a total value of $94,511.50. Following the transaction, the director now owns 2,850 shares in the company, valued at approximately $316,891.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,722 shares of company stock worth $2,544,106. Company insiders own 1.50% of the company’s stock.

About Rogers Corporation

Rogers Corporation manufactures and sells engineered materials and components for mission critical applications. The Company’s segments are Advanced Connectivity Solutions (ACS), Elastomeric Material Solutions (EMS), Power Electronics Solutions (PES) and Other. The ACS segment manufactures and sells circuit materials and solutions for applications in wireless communications infrastructure, automotive, connected devices, consumer electronics and aerospace/defense.

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