Nelson Van Denburg & Campbell Wealth Management Group LLC cut its stake in shares of Rogers Co. (NYSE:ROG) by 64.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 440 shares of the electronics maker’s stock after selling 790 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in Rogers were worth $59,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. CIBC Asset Management Inc acquired a new stake in shares of Rogers during the second quarter valued at about $211,000. Arizona State Retirement System increased its position in shares of Rogers by 1.1% during the second quarter. Arizona State Retirement System now owns 28,770 shares of the electronics maker’s stock valued at $4,965,000 after acquiring an additional 325 shares during the last quarter. Aperio Group LLC increased its position in shares of Rogers by 5.0% during the second quarter. Aperio Group LLC now owns 15,088 shares of the electronics maker’s stock valued at $2,604,000 after acquiring an additional 722 shares during the last quarter. Bbva USA Bancshares Inc. increased its position in shares of Rogers by 16.6% during the second quarter. Bbva USA Bancshares Inc. now owns 4,805 shares of the electronics maker’s stock valued at $830,000 after acquiring an additional 685 shares during the last quarter. Finally, First National Bank of Hutchinson acquired a new stake in shares of Rogers during the second quarter valued at about $310,000. Institutional investors and hedge funds own 96.54% of the company’s stock.
Shares of ROG stock opened at $144.62 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.33 and a current ratio of 4.52. The stock has a market capitalization of $2.44 billion, a P/E ratio of 19.94 and a beta of 2.20. The company has a 50 day moving average price of $135.94 and a 200 day moving average price of $153.45. Rogers Co. has a fifty-two week low of $89.21 and a fifty-two week high of $206.43.
Rogers (NYSE:ROG) last issued its quarterly earnings data on Wednesday, July 31st. The electronics maker reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.09. The business had revenue of $242.90 million during the quarter, compared to the consensus estimate of $244.90 million. Rogers had a net margin of 10.39% and a return on equity of 14.33%. The company’s revenue was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.19 EPS. On average, research analysts forecast that Rogers Co. will post 6.3 EPS for the current fiscal year.
A number of brokerages have weighed in on ROG. ValuEngine cut shares of Rogers from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research cut shares of Rogers from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 3rd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $194.75.
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, wired infrastructure, and consumer electronics under the RO3000, RO4000, RT/duroid, TMM, AD Series, and CLTE Series names.
Featured Article: Quantitative Easing
Receive News & Ratings for Rogers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rogers and related companies with MarketBeat.com's FREE daily email newsletter.