Bbva Compass Bancshares Inc. Decreases Stake in Rogers Corporation (ROG)

Bbva Compass Bancshares Inc. trimmed its stake in shares of Rogers Corporation (NYSE:ROG) by 8.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,990 shares of the electronics maker’s stock after selling 680 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Rogers Corporation were worth $932,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Creative Planning raised its holdings in shares of Rogers Corporation by 6,455.6% during the second quarter. Creative Planning now owns 1,180 shares of the electronics maker’s stock valued at $128,000 after purchasing an additional 1,162 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Rogers Corporation during the first quarter valued at approximately $106,000. Victory Capital Management Inc. raised its holdings in shares of Rogers Corporation by 17.5% during the second quarter. Victory Capital Management Inc. now owns 1,414 shares of the electronics maker’s stock valued at $154,000 after purchasing an additional 211 shares during the last quarter. Riverhead Capital Management LLC raised its holdings in shares of Rogers Corporation by 87.4% during the second quarter. Riverhead Capital Management LLC now owns 1,499 shares of the electronics maker’s stock valued at $163,000 after purchasing an additional 699 shares during the last quarter. Finally, San Francisco Sentry Investment Group CA purchased a new position in shares of Rogers Corporation during the second quarter valued at approximately $163,000. 93.53% of the stock is owned by hedge funds and other institutional investors.

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Several research analysts have recently weighed in on ROG shares. Zacks Investment Research cut shares of Rogers Corporation from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. B. Riley reissued a “buy” rating and set a $180.00 price objective (up from $147.00) on shares of Rogers Corporation in a report on Monday, October 30th. Needham & Company LLC reissued a “buy” rating and set a $135.00 price objective (up from $115.00) on shares of Rogers Corporation in a report on Wednesday, August 2nd. Finally, BidaskClub raised shares of Rogers Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $150.00.

Shares of Rogers Corporation (NYSE:ROG) opened at $152.64 on Friday. The firm has a market cap of $2,774.08, a P/E ratio of 28.48 and a beta of 1.14. The company has a current ratio of 4.12, a quick ratio of 3.16 and a debt-to-equity ratio of 0.27.

Rogers Corporation (NYSE:ROG) last announced its earnings results on Thursday, November 2nd. The electronics maker reported $1.41 EPS for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.15. Rogers Corporation had a net margin of 10.88% and a return on equity of 14.60%. The business had revenue of $206.80 million during the quarter, compared to analysts’ expectations of $198.16 million. During the same period in the prior year, the company earned $0.86 earnings per share. The firm’s revenue was up 25.1% on a year-over-year basis. analysts predict that Rogers Corporation will post 5.5 EPS for the current fiscal year.

In other Rogers Corporation news, Director Carol R. Jensen sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $115.79, for a total transaction of $405,265.00. Following the completion of the sale, the director now directly owns 10,088 shares of the company’s stock, valued at $1,168,089.52. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Robert C. Daigle sold 208 shares of the company’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $135.86, for a total transaction of $28,258.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,981 shares of company stock valued at $4,644,611. 1.50% of the stock is owned by corporate insiders.

About Rogers Corporation

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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