New York State Teachers Retirement System lowered its position in Rogers Corporation (NYSE:ROG) by 7.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 54,659 shares of the electronics maker’s stock after selling 4,500 shares during the period. New York State Teachers Retirement System owned approximately 0.30% of Rogers Corporation worth $4,694,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Norges Bank purchased a new position in shares of Rogers Corporation during the fourth quarter valued at approximately $17,213,000. ACK Asset Management LLC boosted its position in shares of Rogers Corporation by 57.1% in the first quarter. ACK Asset Management LLC now owns 385,000 shares of the electronics maker’s stock valued at $28,294,000 after buying an additional 140,000 shares during the period. Value Holdings Management CO. LLC boosted its position in shares of Rogers Corporation by 675.2% in the first quarter. Value Holdings Management CO. LLC now owns 136,430 shares of the electronics maker’s stock valued at $5,582,000 after buying an additional 118,830 shares during the period. Teachers Advisors LLC boosted its position in shares of Rogers Corporation by 322.9% in the first quarter. Teachers Advisors LLC now owns 153,175 shares of the electronics maker’s stock valued at $13,153,000 after buying an additional 116,956 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Rogers Corporation by 31.4% in the first quarter. Bank of New York Mellon Corp now owns 326,777 shares of the electronics maker’s stock valued at $28,060,000 after buying an additional 78,105 shares during the period. 93.13% of the stock is owned by institutional investors.

Rogers Corporation (NYSE:ROG) traded down 1.46% during trading on Thursday, hitting $115.02. The stock had a trading volume of 147,028 shares. Rogers Corporation has a one year low of $51.98 and a one year high of $123.38. The stock has a 50 day moving average of $111.59 and a 200 day moving average of $95.87. The firm has a market capitalization of $2.09 billion, a P/E ratio of 27.78 and a beta of 1.16.

Rogers Corporation (NYSE:ROG) last posted its quarterly earnings data on Monday, July 31st. The electronics maker reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.13. The business had revenue of $201.40 million during the quarter, compared to the consensus estimate of $195.60 million. Rogers Corporation had a net margin of 10.21% and a return on equity of 13.64%. The company’s quarterly revenue was up 27.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.88 earnings per share. Equities research analysts expect that Rogers Corporation will post $5.48 earnings per share for the current fiscal year.

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Several brokerages recently commented on ROG. Needham & Company LLC reaffirmed a “buy” rating and issued a $135.00 target price (up from $115.00) on shares of Rogers Corporation in a research report on Wednesday. BidaskClub lowered Rogers Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. B. Riley reiterated a “buy” rating and set a $120.00 price objective on shares of Rogers Corporation in a research note on Monday. Sidoti restated a “buy” rating and issued a $125.00 target price (up from $120.00) on shares of Rogers Corporation in a research note on Monday, June 19th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Rogers Corporation in a research note on Tuesday, May 23rd. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Rogers Corporation presently has a consensus rating of “Buy” and an average price target of $125.50.

In other Rogers Corporation news, Director Keith Barnes sold 850 shares of the company’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $111.19, for a total transaction of $94,511.50. Following the completion of the sale, the director now directly owns 2,850 shares of the company’s stock, valued at $316,891.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Peter C. Wallace sold 2,000 shares of the company’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $107.28, for a total value of $214,560.00. Following the completion of the transaction, the director now owns 14,300 shares in the company, valued at approximately $1,534,104. The disclosure for this sale can be found here. Insiders sold 3,850 shares of company stock valued at $416,572 in the last ninety days. Corporate insiders own 1.50% of the company’s stock.

Rogers Corporation Company Profile

Rogers Corporation manufactures and sells engineered materials and components for mission critical applications. The Company’s segments are Advanced Connectivity Solutions (ACS), Elastomeric Material Solutions (EMS), Power Electronics Solutions (PES) and Other. The ACS segment manufactures and sells circuit materials and solutions for applications in wireless communications infrastructure, automotive, connected devices, consumer electronics and aerospace/defense.

Institutional Ownership by Quarter for Rogers Corporation (NYSE:ROG)

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