Maryland State Retirement & Pension System Acquires 44 Shares of Rogers Co. (NYSE:ROG)

Maryland State Retirement & Pension System lifted its holdings in Rogers Co. (NYSE:ROGGet Rating) by 0.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,511 shares of the electronics maker’s stock after purchasing an additional 44 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Rogers were worth $2,041,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in ROG. EverSource Wealth Advisors LLC bought a new stake in shares of Rogers in the fourth quarter worth $25,000. Parkside Financial Bank & Trust lifted its position in shares of Rogers by 61.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 97 shares of the electronics maker’s stock worth $26,000 after purchasing an additional 37 shares in the last quarter. Quadrant Capital Group LLC raised its position in Rogers by 89.8% during the fourth quarter. Quadrant Capital Group LLC now owns 112 shares of the electronics maker’s stock worth $31,000 after acquiring an additional 53 shares in the last quarter. Concord Wealth Partners bought a new stake in Rogers during the fourth quarter worth $78,000. Finally, Sageworth Trust Co of South Dakota bought a new stake in Rogers during the fourth quarter worth $93,000. 99.21% of the stock is currently owned by institutional investors and hedge funds.

Shares of ROG opened at $259.58 on Thursday. The firm has a market capitalization of $4.88 billion, a PE ratio of 52.55 and a beta of 1.47. The company’s 50-day moving average is $265.45 and its 200-day moving average is $270.10. Rogers Co. has a fifty-two week low of $176.00 and a fifty-two week high of $274.51. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.58 and a quick ratio of 2.63.

Rogers (NYSE:ROGGet Rating) last issued its quarterly earnings data on Thursday, April 28th. The electronics maker reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.39. The company had revenue of $248.30 million for the quarter, compared to analyst estimates of $233.00 million. Rogers had a net margin of 9.82% and a return on equity of 11.68%. The company’s revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.92 earnings per share. Analysts predict that Rogers Co. will post 6.15 earnings per share for the current fiscal year.

In other news, Director Keith Barnes sold 400 shares of the stock in a transaction dated Thursday, June 9th. The shares were sold at an average price of $260.20, for a total value of $104,080.00. Following the transaction, the director now directly owns 1,820 shares of the company’s stock, valued at $473,564. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.90% of the stock is owned by corporate insiders.

Several research firms have issued reports on ROG. TheStreet lowered shares of Rogers from a “b” rating to a “c+” rating in a research report on Friday, April 29th. StockNews.com began coverage on shares of Rogers in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Six analysts have rated the stock with a hold rating, According to MarketBeat, Rogers has a consensus rating of “Hold” and an average price target of $277.00.

Rogers Company Profile (Get Rating)

Rogers Corporation designs, develops, manufactures, and sells 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, telematics and thermal solutions, aerospace and defense, mass transit, clean energy, connected devices, and wired infrastructure markets.

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Institutional Ownership by Quarter for Rogers (NYSE:ROG)

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