Cavalier Investments LLC Invests $600,000 in Rogers Corporation (ROG) Stock
Cavalier Investments LLC bought a new stake in Rogers Corporation (NYSE:ROG) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,500 shares of the electronics maker’s stock, valued at approximately $600,000.
A number of other hedge funds also recently made changes to their positions in the stock. Prudential Financial Inc. lifted its holdings in shares of Rogers Corporation by 30.6% in the 3rd quarter. Prudential Financial Inc. now owns 43,109 shares of the electronics maker’s stock worth $5,745,000 after purchasing an additional 10,100 shares in the last quarter. IndexIQ Advisors LLC lifted its holdings in shares of Rogers Corporation by 83.5% in the 3rd quarter. IndexIQ Advisors LLC now owns 10,092 shares of the electronics maker’s stock worth $1,345,000 after purchasing an additional 4,593 shares in the last quarter. USA Financial Portformulas Corp bought a new position in shares of Rogers Corporation in the 3rd quarter worth $315,000. American Century Companies Inc. lifted its holdings in shares of Rogers Corporation by 4.9% in the 3rd quarter. American Century Companies Inc. now owns 31,772 shares of the electronics maker’s stock worth $4,235,000 after purchasing an additional 1,491 shares in the last quarter. Finally, Advisors Preferred LLC bought a new position in shares of Rogers Corporation in the 3rd quarter worth $314,000. Institutional investors and hedge funds own 93.41% of the company’s stock.
In other Rogers Corporation news, SVP Robert C. Daigle sold 208 shares of the company’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $135.86, for a total value of $28,258.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Carol R. Jensen sold 3,500 shares of the stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $115.79, for a total transaction of $405,265.00. Following the sale, the director now owns 10,088 shares of the company’s stock, valued at approximately $1,168,089.52. The disclosure for this sale can be found here. In the last three months, insiders sold 35,981 shares of company stock worth $4,644,611. 1.50% of the stock is owned by corporate insiders.
Rogers Corporation (NYSE ROG) traded down $3.56 during mid-day trading on Tuesday, hitting $149.08. The stock had a trading volume of 183,664 shares, compared to its average volume of 154,507. The company has a market cap of $2,650.00, a P/E ratio of 28.48 and a beta of 1.14. Rogers Corporation has a 12 month low of $67.01 and a 12 month high of $154.00. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.74 and a quick ratio of 2.74.
Rogers Corporation (NYSE:ROG) last issued its earnings results on Thursday, November 2nd. The electronics maker reported $1.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.15. Rogers Corporation had a return on equity of 14.22% and a net margin of 10.88%. The business had revenue of $206.80 million for the quarter, compared to analysts’ expectations of $198.16 million. During the same period in the previous year, the firm posted $0.86 EPS. The business’s revenue for the quarter was up 25.1% compared to the same quarter last year. analysts predict that Rogers Corporation will post 5.5 EPS for the current fiscal year.
A number of brokerages recently issued reports on ROG. B. Riley reiterated a “buy” rating and issued a $147.00 target price on shares of Rogers Corporation in a report on Sunday, August 20th. Needham & Company LLC reissued a “buy” rating and issued a $165.00 price target on shares of Rogers Corporation in a research report on Friday. Zacks Investment Research lowered Rogers Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, BidaskClub lowered Rogers Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $150.00.
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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.
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