Moody Aldrich Partners LLC increased its stake in Rogers Co. (NYSE:ROG) by 23.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,729 shares of the electronics maker’s stock after acquiring an additional 2,604 shares during the quarter. Rogers comprises 1.8% of Moody Aldrich Partners LLC’s holdings, making the stock its 12th largest position. Moody Aldrich Partners LLC’s holdings in Rogers were worth $2,223,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of ROG. Wells Fargo & Company MN increased its stake in Rogers by 2.3% in the 2nd quarter. Wells Fargo & Company MN now owns 83,716 shares of the electronics maker’s stock worth $9,093,000 after buying an additional 1,900 shares during the period. Nationwide Fund Advisors increased its stake in Rogers by 16.2% in the 2nd quarter. Nationwide Fund Advisors now owns 32,859 shares of the electronics maker’s stock worth $3,569,000 after buying an additional 4,593 shares during the period. Amalgamated Bank increased its stake in Rogers by 4.6% in the 2nd quarter. Amalgamated Bank now owns 2,530 shares of the electronics maker’s stock worth $275,000 after buying an additional 111 shares during the period. Laurion Capital Management LP purchased a new position in Rogers in the 2nd quarter worth about $206,000. Finally, Thrivent Financial For Lutherans increased its stake in Rogers by 8.1% in the 2nd quarter. Thrivent Financial For Lutherans now owns 10,960 shares of the electronics maker’s stock worth $1,190,000 after buying an additional 820 shares during the period. 93.18% of the stock is currently owned by institutional investors.

Rogers Co. (NYSE ROG) opened at $164.78 on Thursday. The company has a current ratio of 3.74, a quick ratio of 2.74 and a debt-to-equity ratio of 0.18. The company has a market cap of $3,057.32, a PE ratio of 31.26 and a beta of 1.17. Rogers Co. has a 12-month low of $77.86 and a 12-month high of $184.00.

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

In other Rogers news, SVP Jeffrey M. Grudzien sold 1,888 shares of the firm’s 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 transaction, the senior vice president now owns 24,192 shares of the company’s stock, valued at approximately $3,828,867.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.50% of the company’s stock.

ROG has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Rogers from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. B. Riley reissued a “buy” rating and set a $180.00 target price (up previously from $147.00) on shares of Rogers in a research report on Monday, October 30th. Needham & Company LLC raised their target price on shares of Rogers to $180.00 and gave the company a “positive” rating in a research report on Tuesday, December 19th. Finally, ValuEngine downgraded shares of Rogers from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $164.00.

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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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