361 Capital LLC Purchases Shares of 18,570 Rogers Corporation (ROG)

361 Capital LLC bought a new position in Rogers Corporation (NYSE:ROG) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 18,570 shares of the electronics maker’s stock, valued at approximately $2,475,000. 361 Capital LLC owned 0.10% of Rogers Corporation as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Alps Advisors Inc. boosted its holdings in shares of Rogers Corporation by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 5,891 shares of the electronics maker’s stock valued at $640,000 after buying an additional 16 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of Rogers Corporation by 1.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 7,400 shares of the electronics maker’s stock valued at $804,000 after buying an additional 100 shares in the last quarter. Amalgamated Bank boosted its holdings in shares of Rogers Corporation by 4.6% during the 2nd quarter. Amalgamated Bank now owns 2,530 shares of the electronics maker’s stock valued at $275,000 after buying an additional 111 shares in the last quarter. Ameritas Investment Partners Inc. boosted its holdings in shares of Rogers Corporation by 10.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,584 shares of the electronics maker’s stock valued at $172,000 after buying an additional 147 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in shares of Rogers Corporation by 2.5% during the 2nd quarter. US Bancorp DE now owns 6,549 shares of the electronics maker’s stock valued at $711,000 after buying an additional 159 shares in the last quarter. 93.26% of the stock is currently owned by institutional investors.

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In related news, insider Bruce D. Hoechner sold 23,200 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $133.23, for a total value of $3,090,936.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Robert C. Daigle sold 208 shares of the firm’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $135.86, for a total value of $28,258.88. The disclosure for this sale can be found here. Insiders have sold a total of 35,981 shares of company stock valued at $4,644,611 over the last quarter. Corporate insiders own 1.50% of the company’s stock.

A number of brokerages have recently commented on ROG. B. Riley restated a “buy” rating and set a $147.00 target price on shares of Rogers Corporation in a report on Saturday, August 5th. Needham & Company LLC restated a “buy” rating and set a $135.00 target price (up previously from $115.00) on shares of Rogers Corporation in a research note on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Rogers Corporation from a “hold” rating to a “buy” rating and set a $130.00 target price on the stock in a research note on Friday, August 18th. Finally, BidaskClub upgraded shares of Rogers Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Rogers Corporation presently has a consensus rating of “Buy” and a consensus price target of $160.25.

Rogers Corporation (NYSE ROG) traded up $5.19 during trading on Friday, reaching $158.30. 191,800 shares of the company traded hands, compared to its average volume of 127,280. The stock has a market cap of $2,793.33, a price-to-earnings ratio of 28.57 and a beta of 1.14. Rogers Corporation has a one year low of $69.37 and a one year high of $160.07. The company has a quick ratio of 2.74, a current ratio of 3.74 and a debt-to-equity ratio of 0.18.

Rogers Corporation (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 firm had revenue of $206.80 million during the quarter, compared to the consensus estimate of $198.16 million. Rogers Corporation had a return on equity of 14.22% and a net margin of 10.88%. The company’s quarterly revenue was up 25.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.86 EPS. analysts predict that Rogers Corporation will post 5.85 EPS for the current fiscal year.

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.

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

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