Nisa Investment Advisors LLC Has $837,000 Stake in Rogers Corporation (ROG)
Nisa Investment Advisors LLC held its position in Rogers Corporation (NYSE:ROG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,710 shares of the electronics maker’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in Rogers Corporation were worth $837,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. DUPONT CAPITAL MANAGEMENT Corp boosted its position in Rogers Corporation by 136.4% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 24,485 shares of the electronics maker’s stock worth $2,103,000 after buying an additional 14,127 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Rogers Corporation by 40.6% in the first quarter. Russell Investments Group Ltd. now owns 14,200 shares of the electronics maker’s stock worth $1,219,000 after buying an additional 4,102 shares in the last quarter. Mycio Wealth Partners LLC boosted its position in Rogers Corporation by 33.9% in the first quarter. Mycio Wealth Partners LLC now owns 79,016 shares of the electronics maker’s stock worth $6,785,000 after buying an additional 19,987 shares in the last quarter. First Quadrant L P CA boosted its position in Rogers Corporation by 905.7% in the first quarter. First Quadrant L P CA now owns 14,995 shares of the electronics maker’s stock worth $1,288,000 after buying an additional 13,504 shares in the last quarter. Finally, James Investment Research Inc. bought a new position in Rogers Corporation during the first quarter worth $1,977,000. Institutional investors own 92.86% of the company’s stock.
Shares of Rogers Corporation (NYSE ROG) traded down 0.09% during midday trading on Monday, hitting $118.84. 24,195 shares of the stock were exchanged. Rogers Corporation has a 12-month low of $51.98 and a 12-month high of $123.38. The firm has a market cap of $2.16 billion, a PE ratio of 28.66 and a beta of 1.16. The firm has a 50-day moving average price of $111.59 and a 200 day moving average price of $95.87.
Rogers Corporation (NYSE:ROG) last released its quarterly earnings results on Monday, July 31st. The electronics maker reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.13. The business had revenue of $201.40 million during the quarter, compared to the consensus estimate of $195.60 million. Rogers Corporation had a return on equity of 13.28% and a net margin of 10.21%. The business’s revenue was up 27.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.88 EPS. Analysts predict that Rogers Corporation will post $5.55 earnings per share for the current fiscal year.
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A number of equities analysts have weighed in on the stock. Needham & Company LLC restated a “buy” rating and set a $135.00 price objective (up from $115.00) on shares of Rogers Corporation in a research report on Wednesday, August 2nd. B. Riley restated a “buy” rating and set a $147.00 price objective on shares of Rogers Corporation in a research report on Saturday. BidaskClub cut shares of Rogers Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Sidoti reiterated a “buy” rating and issued a $125.00 target price (up from $120.00) on shares of Rogers Corporation in a research report on Monday, June 19th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Rogers Corporation in a research report on Tuesday, May 23rd. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $132.25.
In other news, SVP Gary M. Glandon sold 1,000 shares of Rogers Corporation stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $107.50, for a total transaction of $107,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Robert C. Daigle sold 4,485 shares of Rogers Corporation 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 a total of 8,335 shares of company stock valued at $961,589 in the last ninety days. Corporate insiders own 1.50% of the company’s stock.
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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