Nomura Holdings Inc. Invests $773,000 in Rogers Co. (NYSE:ROG)

Nomura Holdings Inc. purchased a new position in shares of Rogers Co. (NYSE:ROG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,604 shares of the electronics maker’s stock, valued at approximately $773,000.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in Rogers by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 2,353,358 shares of the electronics maker’s stock valued at $239,125,000 after buying an additional 40,835 shares during the last quarter. Norges Bank purchased a new stake in Rogers in the fourth quarter valued at approximately $113,725,000. Neuberger Berman Group LLC boosted its position in Rogers by 35.6% in the fourth quarter. Neuberger Berman Group LLC now owns 972,623 shares of the electronics maker’s stock valued at $98,828,000 after buying an additional 255,423 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Rogers by 6.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 874,139 shares of the electronics maker’s stock valued at $88,823,000 after buying an additional 50,708 shares during the last quarter. Finally, Nuance Investments LLC boosted its position in Rogers by 26.6% in the fourth quarter. Nuance Investments LLC now owns 810,081 shares of the electronics maker’s stock valued at $82,312,000 after buying an additional 170,145 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Rogers Trading Down 1.8%

Rogers stock opened at $68.61 on Tuesday. Rogers Co. has a 12 month low of $51.43 and a 12 month high of $134.07. The stock’s 50 day simple moving average is $64.37 and its two-hundred day simple moving average is $85.36. The firm has a market cap of $1.27 billion, a PE ratio of 48.66 and a beta of 0.41.

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

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other Rogers news, VP Griffin Melaney Gappert sold 756 shares of the company’s stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $62.55, for a total value of $47,287.80. Following the sale, the vice president now owns 4,484 shares in the company, valued at approximately $280,474.20. This represents a 14.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.35% of the company’s stock.

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.