Los Angeles Capital Management & Equity Research Inc. maintained its position in Rogers Corporation (NYSE:ROG) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,282 shares of the electronics maker’s stock at the end of the second quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Rogers Corporation were worth $682,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. BlackRock Inc. increased its stake in Rogers Corporation by 60,174.9% during the 1st quarter. BlackRock Inc. now owns 2,189,786 shares of the electronics maker’s stock worth $188,037,000 after acquiring an additional 2,186,153 shares during the period. Vanguard Group Inc. increased its stake in Rogers Corporation by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 1,553,763 shares of the electronics maker’s stock worth $133,421,000 after acquiring an additional 43,385 shares during the period. Neuberger Berman Group LLC increased its stake in Rogers Corporation by 1.9% during the 2nd quarter. Neuberger Berman Group LLC now owns 1,533,535 shares of the electronics maker’s stock worth $166,573,000 after acquiring an additional 28,911 shares during the period. Dimensional Fund Advisors LP increased its stake in Rogers Corporation by 3.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,044,159 shares of the electronics maker’s stock worth $89,662,000 after acquiring an additional 34,003 shares during the period. Finally, State Street Corp increased its stake in Rogers Corporation by 5.5% during the 1st quarter. State Street Corp now owns 428,072 shares of the electronics maker’s stock worth $36,761,000 after acquiring an additional 22,288 shares during the period. Hedge funds and other institutional investors own 92.89% of the company’s stock.

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ROG has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Rogers Corporation from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 28th. Sidoti reaffirmed a “buy” rating and issued a $125.00 target price (up previously from $120.00) on shares of Rogers Corporation in a report on Monday, June 19th. BidaskClub downgraded Rogers Corporation from a “strong-buy” rating to a “buy” rating in a report on Friday, June 16th. B. Riley reaffirmed a “buy” rating and issued a $147.00 target price on shares of Rogers Corporation in a report on Sunday, August 20th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $135.00 target price (up previously from $115.00) on shares of Rogers Corporation in a report on Wednesday, August 2nd. Eight research analysts have rated the stock with a buy rating, Rogers Corporation presently has a consensus rating of “Buy” and a consensus target price of $134.25.

Shares of Rogers Corporation (NYSE:ROG) opened at 127.02 on Friday. The firm has a 50 day moving average price of $118.88 and a 200-day moving average price of $105.01. The firm has a market cap of $2.31 billion, a P/E ratio of 30.63 and a beta of 1.15. Rogers Corporation has a one year low of $51.98 and a one year high of $128.53.

Rogers Corporation (NYSE:ROG) last released its quarterly earnings results on Monday, July 31st. The electronics maker reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.13. The firm had revenue of $201.40 million for the quarter, compared to analysts’ expectations of $195.60 million. Rogers Corporation had a net margin of 10.21% and a return on equity of 13.28%. The business’s quarterly revenue was up 27.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.88 earnings per share. Analysts forecast that Rogers Corporation will post $5.55 earnings per share for the current year.

In other news, SVP Robert C. Daigle sold 545 shares of the company’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $127.82, for a total value of $69,661.90. Following the transaction, the senior vice president now owns 23,362 shares of the company’s stock, valued at $2,986,130.84. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Robert C. Daigle sold 509 shares of the company’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $128.15, for a total transaction of $65,228.35. Following the completion of the transaction, the senior vice president now directly owns 22,915 shares in the company, valued at approximately $2,936,557.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,838 shares of company stock worth $1,776,187. Insiders own 1.50% of the company’s stock.

Rogers Corporation 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.

Institutional Ownership by Quarter for Rogers Corporation (NYSE:ROG)

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