BNP Paribas Arbitrage SA increased its position in Rogers Corporation (NYSE:ROG) by 431.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,642 shares of the electronics maker’s stock after buying an additional 15,947 shares during the period. BNP Paribas Arbitrage SA owned 0.11% of Rogers Corporation worth $2,134,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Stevens Capital Management LP boosted its position in shares of Rogers Corporation by 22.3% in the first quarter. Stevens Capital Management LP now owns 5,493 shares of the electronics maker’s stock worth $472,000 after buying an additional 1,002 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of Rogers Corporation by 322.9% in the first quarter. Teachers Advisors LLC now owns 153,175 shares of the electronics maker’s stock worth $13,153,000 after buying an additional 116,956 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Rogers Corporation by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 7,300 shares of the electronics maker’s stock worth $627,000 after buying an additional 100 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of Rogers Corporation by 79.3% in the second quarter. State of Alaska Department of Revenue now owns 3,568 shares of the electronics maker’s stock worth $387,000 after buying an additional 1,578 shares in the last quarter. Finally, HighTower Advisors LLC boosted its position in shares of Rogers Corporation by 0.7% in the first quarter. HighTower Advisors LLC now owns 5,842 shares of the electronics maker’s stock worth $502,000 after buying an additional 42 shares in the last quarter. 93.40% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Rogers Corporation (NYSE ROG) opened at 118.55 on Friday. The firm’s 50-day moving average price is $116.32 and its 200-day moving average price is $101.33. Rogers Corporation has a 12 month low of $51.98 and a 12 month high of $123.38. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 28.59 and a beta of 1.16.

Rogers Corporation (NYSE:ROG) last announced 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. Rogers Corporation had a return on equity of 13.28% and a net margin of 10.21%. The company had revenue of $201.40 million during the quarter, compared to the consensus estimate of $195.60 million. During the same period in the prior year, the company earned $0.88 earnings per share. The company’s revenue for the quarter was up 27.9% compared to the same quarter last year. On average, equities analysts anticipate that Rogers Corporation will post $5.55 earnings per share for the current year.

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A number of equities research analysts have commented on ROG shares. 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 Tuesday, August 15th. BidaskClub lowered Rogers Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 16th. Royal Bank Of Canada restated an “outperform” rating on shares of Rogers Corporation in a research report on Tuesday, May 23rd. Finally, Sidoti restated a “buy” rating and set a $125.00 price objective (up from $120.00) on shares of Rogers Corporation in a research report on Monday, June 19th. Eight equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average target price of $134.25.

In other Rogers Corporation news, Director Carol R. Jensen sold 3,500 shares of the stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $115.79, for a total value of $405,265.00. Following the completion of the sale, the director now directly owns 10,088 shares in the company, valued at $1,168,089.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jeffrey M. Grudzien sold 3,042 shares of the stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $114.08, for a total value of $347,031.36. Following the completion of the sale, the senior vice president now owns 28,022 shares of the company’s stock, valued at $3,196,749.76. The disclosure for this sale can be found here. Insiders sold 11,877 shares of company stock valued at $1,391,825 over the last 90 days. Corporate insiders own 1.50% of the company’s stock.

About Rogers Corporation

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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