Principal Financial Group Inc. Decreases Stake in Rogers Co. (NYSE:ROG)

Principal Financial Group Inc. lessened its stake in Rogers Co. (NYSE:ROG – Get Rating) by 0.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 115,946 shares of the electronics maker’s stock after selling 264 shares during the quarter. Principal Financial Group Inc.’s holdings in Rogers were worth $13,837,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. BCK Capital Management LP boosted its holdings in Rogers by 100.0% in the 4th quarter. BCK Capital Management LP now owns 36,198 shares of the electronics maker’s stock worth $4,320,000 after acquiring an additional 18,101 shares during the period. FORA Capital LLC purchased a new position in Rogers in the 4th quarter worth approximately $738,000. UBS Group AG boosted its holdings in Rogers by 35,179.1% in the 4th quarter. UBS Group AG now owns 640,316 shares of the electronics maker’s stock worth $76,415,000 after acquiring an additional 638,501 shares during the period. Swiss National Bank boosted its holdings in Rogers by 1.8% in the 4th quarter. Swiss National Bank now owns 45,400 shares of the electronics maker’s stock worth $5,418,000 after acquiring an additional 800 shares during the period. Finally, Heartland Advisors Inc. purchased a new position in shares of Rogers during the 4th quarter valued at approximately $5,967,000. Hedge funds and other institutional investors own 95.35% of the company’s stock.

Rogers Stock Down 4.0 %

ROG opened at $153.49 on Thursday. The business has a 50 day moving average price of $158.02 and a 200 day moving average price of $138.93. Rogers Co. has a twelve month low of $98.45 and a twelve month high of $271.12. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.41 and a current ratio of 4.80. The firm has a market cap of $2.86 billion, a P/E ratio of 30.04 and a beta of 0.96.

Rogers (NYSE:ROG – Get Rating) last released its quarterly earnings data on Tuesday, February 28th. The electronics maker reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.18. Rogers had a return on equity of 7.05% and a net margin of 9.98%. The business had revenue of $223.70 million for the quarter, compared to analysts’ expectations of $235.40 million. Research analysts forecast that Rogers Co. will post 4.49 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. TheStreet raised Rogers from a “d+” rating to a “c-” rating in a research report on Tuesday, February 14th. StockNews.com started coverage on Rogers in a report on Thursday, May 18th. They set a “sell” rating on the stock. B. Riley lifted their price target on Rogers from $200.00 to $205.00 in a research note on Friday, April 28th. Finally, CJS Securities began coverage on Rogers in a research note on Tuesday, March 14th. They set an “outperform” rating and a $185.00 target price on the stock.

Insider Activity

In other news, CFO Ramakumar Mayampurath sold 1,200 shares of the stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $160.96, for a total value of $193,152.00. Following the completion of the transaction, the chief financial officer now owns 17,152 shares in the company, valued at approximately $2,760,785.92. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, CFO Ramakumar Mayampurath sold 1,200 shares of the stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $160.96, for a total transaction of $193,152.00. Following the completion of the sale, the chief financial officer now owns 17,152 shares in the company, valued at approximately $2,760,785.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Carol R. Jensen sold 1,000 shares of the stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $154.28, for a total transaction of $154,280.00. Following the sale, the director now owns 12,538 shares of the company’s stock, valued at approximately $1,934,362.64. The disclosure for this sale can be found here. Corporate insiders own 1.35% of the company’s stock.

About Rogers

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Rogers Corp. engages in the design, development, manufacture, and sale of engineered materials and components for mission critical applications. It operates through the following segments: Advanced Electronics Solutions (AES) and Elastomeric Material Solutions (EMS), and Other. The AES segment offers manufactures and sells circuit materials, ceramic substrate materials, busbars and cooling solutions for applications in electric and hybrid electric vehicles, wireless infrastructure, automotive, telematics and thermal solutions, aerospace and defense, mass transit, clean energy, connected devices and wired infrastructures.