Royce & Associates LP Has $37.74 Million Position in Rogers Co. (NYSE:ROG)

Royce & Associates LP lowered its position in Rogers Co. (NYSE:ROG) by 31.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 371,426 shares of the electronics maker’s stock after selling 172,520 shares during the period. Royce & Associates LP owned 1.99% of Rogers worth $37,741,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp increased its holdings in Rogers by 1.2% in the third quarter. State Street Corp now owns 706,815 shares of the electronics maker’s stock worth $79,877,000 after buying an additional 8,402 shares during the last quarter. Nuance Investments LLC grew its holdings in Rogers by 70.2% during the third quarter. Nuance Investments LLC now owns 639,936 shares of the electronics maker’s stock valued at $72,319,000 after purchasing an additional 263,898 shares during the last quarter. Geode Capital Management LLC grew its holdings in Rogers by 1.3% during the third quarter. Geode Capital Management LLC now owns 411,048 shares of the electronics maker’s stock valued at $46,461,000 after purchasing an additional 5,164 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Rogers by 5.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 242,914 shares of the electronics maker’s stock valued at $24,682,000 after purchasing an additional 13,311 shares during the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new position in Rogers during the third quarter valued at approximately $17,517,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Rogers Stock Up 7.8 %

Shares of ROG stock opened at $78.31 on Friday. Rogers Co. has a 12 month low of $71.63 and a 12 month high of $134.07. The business’s 50 day moving average is $88.92 and its two-hundred day moving average is $98.81. The company has a market cap of $1.45 billion, a PE ratio of 55.54 and a beta of 0.56.

Rogers (NYSE:ROG) last announced its quarterly earnings results on Wednesday, February 19th. The electronics maker reported $0.46 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. Rogers had a return on equity of 3.98% and a net margin of 3.14%. The company had revenue of $192.20 million for the quarter, compared to the consensus estimate of $191.75 million. During the same quarter last year, the company posted $0.60 earnings per share. As a group, equities analysts expect that Rogers Co. will post 3.57 EPS for the current fiscal year.

Rogers Company Profile

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.