New York State Common Retirement Fund Has $2.97 Million Stock Position in Rogers Co. (NYSE:ROG)

New York State Common Retirement Fund lessened its holdings in shares of Rogers Co. (NYSE:ROG) by 5.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,448 shares of the electronics maker’s stock after selling 1,320 shares during the quarter. New York State Common Retirement Fund owned approximately 0.12% of Rogers worth $2,965,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BKM Wealth Management LLC acquired a new position in shares of Rogers during the 4th quarter worth approximately $30,000. B. Riley Wealth Advisors Inc. boosted its position in Rogers by 8.8% during the third quarter. B. Riley Wealth Advisors Inc. now owns 1,626 shares of the electronics maker’s stock worth $214,000 after purchasing an additional 132 shares during the period. Asset Management One Co. Ltd. acquired a new position in shares of Rogers in the third quarter valued at $224,000. Quantbot Technologies LP bought a new position in shares of Rogers in the third quarter valued at about $255,000. Finally, Teacher Retirement System of Texas lifted its stake in shares of Rogers by 17.9% during the 3rd quarter. Teacher Retirement System of Texas now owns 2,073 shares of the electronics maker’s stock worth $273,000 after buying an additional 314 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

Rogers Stock Performance

Shares of ROG opened at $119.01 on Tuesday. The firm has a market cap of $2.22 billion, a P/E ratio of 32.70 and a beta of 0.67. Rogers Co. has a 52 week low of $105.48 and a 52 week high of $173.16. The firm’s 50-day simple moving average is $114.98 and its 200 day simple moving average is $120.73.

Rogers (NYSE:ROG) last posted its earnings results on Wednesday, February 21st. The electronics maker reported $0.60 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.40). The firm had revenue of $204.60 million during the quarter, compared to analyst estimates of $220.00 million. Rogers had a net margin of 7.73% and a return on equity of 5.30%. As a group, equities analysts forecast that Rogers Co. will post 3.07 earnings per share for the current year.

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.