Bridge City Capital LLC Boosts Stock Holdings in Rogers Co. (NYSE:ROG)

Bridge City Capital LLC boosted its position in Rogers Co. (NYSE:ROG) by 1.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,208 shares of the electronics maker’s stock after buying an additional 314 shares during the quarter. Bridge City Capital LLC’s holdings in Rogers were worth $1,365,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in ROG. Procyon Advisors LLC increased its holdings in shares of Rogers by 59.9% in the first quarter. Procyon Advisors LLC now owns 4,971 shares of the electronics maker’s stock worth $336,000 after purchasing an additional 1,863 shares during the period. GAMMA Investing LLC increased its position in shares of Rogers by 23,098.1% in the first quarter. GAMMA Investing LLC now owns 25,054 shares of the electronics maker’s stock worth $1,692,000 after purchasing an additional 24,946 shares during the last quarter. Versant Capital Management Inc raised its stake in Rogers by 698.9% in the first quarter. Versant Capital Management Inc now owns 703 shares of the electronics maker’s stock valued at $47,000 after purchasing an additional 615 shares in the last quarter. Central Pacific Bank Trust Division raised its stake in Rogers by 125.0% in the first quarter. Central Pacific Bank Trust Division now owns 2,250 shares of the electronics maker’s stock valued at $152,000 after purchasing an additional 1,250 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Rogers by 7.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 48,730 shares of the electronics maker’s stock valued at $4,951,000 after purchasing an additional 3,520 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Insider Buying and Selling

In related news, VP Griffin Melaney Gappert sold 756 shares of Rogers stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $62.55, for a total transaction of $47,287.80. Following the completion of the transaction, the vice president now directly owns 4,484 shares of the company’s stock, valued at $280,474.20. This trade represents a 14.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.35% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have commented on ROG shares. CL King began coverage on shares of Rogers in a research report on Monday, March 31st. They set a “buy” rating and a $85.00 price target on the stock. B. Riley lifted their price target on Rogers from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Wednesday, April 30th.

Rogers Price Performance

ROG opened at $66.88 on Monday. Rogers Co. has a one year low of $51.43 and a one year high of $134.07. The business has a 50 day simple moving average of $62.76 and a two-hundred day simple moving average of $81.61. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 47.44 and a beta of 0.45.

Rogers (NYSE:ROG) last announced its quarterly earnings results on Tuesday, April 29th. The electronics maker reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. The company had revenue of $190.50 million during the quarter, compared to analyst estimates of $187.50 million. Rogers had a return on equity of 3.98% and a net margin of 3.14%. As a group, sell-side 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.