Rogers Corporation (ROG) Shares Sold by Public Sector Pension investment Board
Public Sector Pension investment Board cut its stake in shares of Rogers Corporation (NYSE:ROG) by 28.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,251 shares of the electronics maker’s stock after selling 3,600 shares during the quarter. Public Sector Pension investment Board owned about 0.05% of Rogers Corporation worth $1,005,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of Rogers Corporation by 60,174.9% in the 1st quarter. BlackRock Inc. now owns 2,189,786 shares of the electronics maker’s stock valued at $188,037,000 after purchasing an additional 2,186,153 shares in the last quarter. ACK Asset Management LLC lifted its stake 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 purchasing an additional 140,000 shares during the period. Teachers Advisors LLC lifted its stake 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 purchasing an additional 116,956 shares during the period. Bank of New York Mellon Corp lifted its stake 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 purchasing an additional 78,105 shares during the period. Finally, ClariVest Asset Management LLC purchased a new stake in Rogers Corporation during the second quarter worth about $8,050,000. 92.89% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have issued reports on ROG shares. 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 report on Wednesday, August 2nd. B. Riley reaffirmed a “buy” rating and issued a $147.00 price objective on shares of Rogers Corporation in a research note on Tuesday, August 15th. BidaskClub cut Rogers Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, June 16th. Sidoti reaffirmed a “buy” rating and set a $125.00 price objective (up from $120.00) on shares of Rogers Corporation in a report on Monday, June 19th. Finally, Zacks Investment Research upgraded Rogers Corporation from a “hold” rating to a “buy” rating and set a $130.00 target price on the stock in a research report on Friday, August 18th. Eight equities research analysts have rated the stock with a buy rating, Rogers Corporation has an average rating of “Buy” and an average target price of $134.25.
Rogers Corporation (NYSE:ROG) opened at 134.62 on Tuesday. The firm has a market capitalization of $2.45 billion, a PE ratio of 32.46 and a beta of 1.16. The stock has a 50 day moving average price of $121.78 and a 200-day moving average price of $108.07. Rogers Corporation has a 12-month low of $51.98 and a 12-month high of $134.67.
Rogers Corporation (NYSE:ROG) last announced its quarterly earnings data on Monday, July 31st. The electronics maker reported $1.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.13. Rogers Corporation had a net margin of 10.21% and a return on equity of 13.28%. The company had revenue of $201.40 million for the quarter, compared to analysts’ expectations of $195.60 million. During the same quarter in the previous year, the company posted $0.88 EPS. The business’s revenue was up 27.9% compared to the same quarter last year. On average, equities research analysts forecast that Rogers Corporation will post $5.55 EPS for the current year.
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In other news, SVP Jeffrey M. Grudzien sold 3,042 shares of the business’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $114.08, for a total transaction of $347,031.36. Following the sale, the senior vice president now directly owns 28,022 shares of the company’s stock, valued at $3,196,749.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Robert C. Daigle sold 4,485 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $121.52, for a total value of $545,017.20. The disclosure for this sale can be found here. Insiders have sold 15,292 shares of company stock valued at $1,835,484 over the last 90 days. 1.50% of the stock is currently owned by insiders.
Rogers Corporation 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.
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