Frontier Capital Management Co. LLC Sells 4,688 Shares of Rogers Corporation (ROG)
Frontier Capital Management Co. LLC cut its holdings in Rogers Corporation (NYSE:ROG) by 1.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 351,374 shares of the electronics maker’s stock after selling 4,688 shares during the quarter. Frontier Capital Management Co. LLC owned approximately 1.93% of Rogers Corporation worth $46,831,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. BNP Paribas Arbitrage SA grew its position in shares of Rogers Corporation by 431.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 19,642 shares of the electronics maker’s stock worth $2,134,000 after buying an additional 15,947 shares during the period. Teachers Advisors LLC grew its position in shares of Rogers Corporation by 322.9% in the 1st 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 during the period. Canada Pension Plan Investment Board purchased a new stake in shares of Rogers Corporation in the 2nd quarter worth about $1,521,000. Timpani Capital Management LLC purchased a new stake in shares of Rogers Corporation in the 2nd quarter worth about $1,234,000. Finally, Legal & General Group Plc grew its position in shares of Rogers Corporation by 8.8% in the 2nd quarter. Legal & General Group Plc now owns 35,403 shares of the electronics maker’s stock worth $3,845,000 after buying an additional 2,877 shares during the period. 93.53% of the stock is currently owned by hedge funds and other institutional investors.
In other Rogers Corporation news, SVP Jeffrey M. Grudzien sold 3,042 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $114.08, for a total transaction of $347,031.36. Following the transaction, the senior vice president now owns 28,022 shares in the company, valued at approximately $3,196,749.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Robert C. Daigle sold 208 shares of the company’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $135.86, for a total transaction of $28,258.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,981 shares of company stock worth $4,644,611. 1.50% of the stock is currently owned by company insiders.
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Rogers Corporation (NYSE ROG) opened at $152.64 on Friday. The company has a market capitalization of $2,774.08, a PE ratio of 28.48 and a beta of 1.14. The company has a debt-to-equity ratio of 0.27, a quick ratio of 3.16 and a current ratio of 4.12.
Rogers Corporation (NYSE:ROG) last announced its quarterly earnings results on Thursday, November 2nd. The electronics maker reported $1.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.15. The company had revenue of $206.80 million for the quarter, compared to analysts’ expectations of $198.16 million. Rogers Corporation had a net margin of 10.88% and a return on equity of 14.60%. Rogers Corporation’s revenue was up 25.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.86 EPS. equities analysts expect that Rogers Corporation will post 5.5 earnings per share for the current year.
A number of research firms have recently weighed in on ROG. B. Riley upped their target price on shares of Rogers Corporation from $147.00 to $180.00 and gave the stock a “buy” rating in a research report on Sunday. Needham & Company LLC reiterated a “buy” rating and issued a $165.00 price target on shares of Rogers Corporation in a research note on Friday. Zacks Investment Research cut shares of Rogers Corporation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, BidaskClub upgraded shares of Rogers Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Rogers Corporation currently has an average rating of “Buy” and a consensus target price of $150.00.
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.
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