Rogers Co. (NYSE:ROG) Shares Bought by Nuance Investments LLC

Nuance Investments LLC boosted its stake in shares of Rogers Co. (NYSE:ROG) by 26.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 810,081 shares of the electronics maker’s stock after purchasing an additional 170,145 shares during the quarter. Rogers accounts for about 3.3% of Nuance Investments LLC’s holdings, making the stock its 10th biggest position. Nuance Investments LLC’s holdings in Rogers were worth $82,312,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ROG. Vestmark Advisory Solutions Inc. acquired a new position in shares of Rogers in the fourth quarter worth $222,000. FMR LLC lifted its position in shares of Rogers by 83.1% during the 3rd quarter. FMR LLC now owns 2,309 shares of the electronics maker’s stock worth $261,000 after purchasing an additional 1,048 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Rogers during the fourth quarter worth about $286,000. Procyon Advisors LLC lifted its position in Rogers by 11.9% in the fourth quarter. Procyon Advisors LLC now owns 3,108 shares of the electronics maker’s stock worth $316,000 after purchasing an additional 331 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new stake in Rogers during the fourth quarter valued at approximately $325,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Rogers Stock Down 3.3 %

Shares of Rogers stock opened at $70.84 on Wednesday. The stock has a market capitalization of $1.31 billion, a P/E ratio of 50.24 and a beta of 0.56. Rogers Co. has a 12-month low of $70.66 and a 12-month high of $134.07. The company has a 50-day simple moving average of $85.65 and a 200 day simple moving average of $97.28.

Rogers (NYSE:ROG) last issued its quarterly earnings results on Wednesday, February 19th. The electronics maker reported $0.46 EPS for the quarter, topping the consensus estimate of $0.43 by $0.03. Rogers had a net margin of 3.14% and a return on equity of 3.98%. The company had revenue of $192.20 million during the quarter, compared to analysts’ expectations of $191.75 million. During the same quarter in the previous year, the company earned $0.60 EPS. On average, equities analysts anticipate that Rogers Co. will post 3.57 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.