Rogers Co. (NYSE:ROG) Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue increased its stake in Rogers Co. (NYSE:ROGGet Rating) by 8.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,166 shares of the electronics maker’s stock after acquiring an additional 1,105 shares during the period. State of Alaska Department of Revenue’s holdings in Rogers were worth $3,712,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of ROG. Millennium Management LLC grew its stake in Rogers by 641.7% during the fourth quarter. Millennium Management LLC now owns 283,902 shares of the electronics maker’s stock worth $77,505,000 after buying an additional 245,624 shares during the period. Citigroup Inc. increased its holdings in Rogers by 85.4% in the 1st quarter. Citigroup Inc. now owns 490,033 shares of the electronics maker’s stock valued at $133,141,000 after purchasing an additional 225,749 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Rogers by 233.7% in the 1st quarter. JPMorgan Chase & Co. now owns 255,719 shares of the electronics maker’s stock valued at $69,479,000 after purchasing an additional 179,098 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Rogers by 110.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 310,564 shares of the electronics maker’s stock valued at $84,380,000 after purchasing an additional 163,307 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in Rogers in the 4th quarter valued at $31,277,000. 88.30% of the stock is owned by institutional investors and hedge funds.

Rogers Stock Down 0.4 %

Shares of Rogers stock opened at $241.48 on Thursday. The business has a 50-day moving average of $260.48 and a 200-day moving average of $264.70. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.10 and a quick ratio of 3.00. The company has a market capitalization of $4.54 billion, a PE ratio of 55.39 and a beta of 1.34. Rogers Co. has a 1-year low of $180.42 and a 1-year high of $274.51.

Insider Activity

In other news, SVP Randall Colin Gouveia sold 1,502 shares of the firm’s stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $266.46, for a total transaction of $400,222.92. Following the completion of the sale, the senior vice president now directly owns 8,230 shares in the company, valued at $2,192,965.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.90% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Rogers from a “hold” rating to a “sell” rating in a report on Monday, August 15th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $277.00.

About Rogers

(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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