California Public Employees Retirement System Grows Holdings in Rogers Co. (ROG)

California Public Employees Retirement System raised its holdings in shares of Rogers Co. (NYSE:ROG) by 19.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,224 shares of the electronics maker’s stock after purchasing an additional 6,024 shares during the quarter. California Public Employees Retirement System’s holdings in Rogers were worth $4,828,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. lifted its holdings in shares of Rogers by 178.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 782 shares of the electronics maker’s stock worth $105,000 after acquiring an additional 501 shares during the last quarter. Quantbot Technologies LP lifted its holdings in shares of Rogers by 852.9% in the 3rd quarter. Quantbot Technologies LP now owns 1,134 shares of the electronics maker’s stock worth $151,000 after acquiring an additional 1,015 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Rogers by 17.5% in the 2nd quarter. Victory Capital Management Inc. now owns 1,414 shares of the electronics maker’s stock worth $154,000 after acquiring an additional 211 shares during the last quarter. Riverhead Capital Management LLC lifted its holdings in shares of Rogers by 87.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,499 shares of the electronics maker’s stock worth $163,000 after acquiring an additional 699 shares during the last quarter. Finally, San Francisco Sentry Investment Group CA bought a new stake in shares of Rogers in the 2nd quarter worth about $163,000. Institutional investors and hedge funds own 93.22% of the company’s stock.

Shares of Rogers Co. (ROG) opened at $168.16 on Tuesday. Rogers Co. has a twelve month low of $76.20 and a twelve month high of $184.00. The firm has a market cap of $3,070.00, a PE ratio of 36.40 and a beta of 1.17. The company has a current ratio of 3.74, a quick ratio of 2.74 and a debt-to-equity ratio of 0.18.

Rogers (NYSE:ROG) last announced its quarterly earnings data on Thursday, November 2nd. The electronics maker reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.15. Rogers had a net margin of 10.88% and a return on equity of 14.22%. The company had revenue of $206.80 million during the quarter, compared to analyst estimates of $198.16 million. During the same quarter last year, the business posted $0.86 EPS. The firm’s revenue for the quarter was up 25.1% on a year-over-year basis. equities analysts forecast that Rogers Co. will post 5.85 earnings per share for the current fiscal year.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Rogers from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 4th. Needham & Company LLC raised their target price on shares of Rogers to $180.00 and gave the stock a “positive” rating in a report on Tuesday, December 19th. ValuEngine lowered shares of Rogers from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, B. Riley restated a “buy” rating and issued a $180.00 target price on shares of Rogers in a report on Friday, December 15th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $164.00.

In related news, SVP Jeffrey M. Grudzien sold 1,888 shares of Rogers stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $158.27, for a total transaction of $298,813.76. Following the completion of the sale, the senior vice president now owns 24,192 shares in the company, valued at approximately $3,828,867.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.50% of the company’s stock.

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About Rogers

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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Institutional Ownership by Quarter for Rogers (NYSE:ROG)

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