Mount Yale Investment Advisors LLC acquired a new stake in shares of Rogers Co. (NYSE:ROG) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 928 shares of the electronics maker’s stock, valued at approximately $111,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ROG. LPL Financial LLC purchased a new position in Rogers during the 4th quarter valued at $201,000. Oppenheimer Asset Management Inc. purchased a new position in Rogers during the 1st quarter valued at $213,000. SG Americas Securities LLC purchased a new position in Rogers during the 1st quarter valued at $219,000. Cubist Systematic Strategies LLC purchased a new position in Rogers during the 1st quarter valued at $223,000. Finally, MML Investors Services LLC purchased a new position in Rogers during the 4th quarter valued at $237,000. Institutional investors own 93.51% of the company’s stock.

Shares of ROG stock opened at $110.99 on Wednesday. Rogers Co. has a twelve month low of $105.60 and a twelve month high of $184.00. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of 19.50 and a beta of 1.53. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.76 and a quick ratio of 3.68.

Rogers (NYSE:ROG) last issued its earnings results on Thursday, April 26th. The electronics maker reported $1.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.39 by $0.09. Rogers had a return on equity of 13.71% and a net margin of 9.56%. The business had revenue of $214.61 million during the quarter, compared to analysts’ expectations of $212.07 million. During the same period in the prior year, the business earned $1.68 EPS. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. equities analysts forecast that Rogers Co. will post 5.88 EPS for the current year.

Several equities research analysts have weighed in on the company. ValuEngine upgraded Rogers from a “sell” rating to a “hold” rating in a report on Monday, May 14th. Zacks Investment Research cut Rogers from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 2nd. Finally, B. Riley lowered their target price on Rogers from $180.00 to $155.00 and set a “buy” rating for the company in a report on Friday, April 27th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Rogers currently has a consensus rating of “Buy” and a consensus price target of $167.00.

In related news, CFO Janice E. Stipp sold 9,392 shares of the company’s stock in a transaction on Tuesday, May 1st. The stock was sold at an average price of $109.00, for a total transaction of $1,023,728.00. Following the completion of the sale, the chief financial officer now directly owns 17,666 shares in the company, valued at approximately $1,925,594. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jeffrey M. Grudzien sold 1,379 shares of the company’s stock in a transaction on Monday, May 21st. The stock was sold at an average price of $119.73, for a total value of $165,107.67. Following the sale, the senior vice president now owns 24,743 shares of the company’s stock, valued at $2,962,479.39. The disclosure for this sale can be found here. Insiders sold a total of 20,277 shares of company stock valued at $2,235,582 over the last quarter. Company insiders own 0.96% of the company’s stock.

Rogers Profile

Rogers Corporation designs, develops, manufactures, and sells engineered materials and components worldwide. The company's Advanced Connectivity Solutions segment offers circuit materials and solutions for connectivity applications in wireless communications infrastructure, automotive, connected devices, wired infrastructure, consumer electronics, and aerospace/defense.

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Institutional Ownership by Quarter for Rogers (NYSE:ROG)

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