WealthTrust Axiom LLC purchased a new position in Rogers Co. (NYSE:ROG) in the fourth quarter, HoldingsChannel reports. The fund purchased 1,500 shares of the electronics maker’s stock, valued at approximately $242,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Amalgamated Bank raised its stake in Rogers by 4.6% in the second quarter. Amalgamated Bank now owns 2,530 shares of the electronics maker’s stock worth $275,000 after buying an additional 111 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in Rogers by 10.2% in the second quarter. Ameritas Investment Partners Inc. now owns 1,584 shares of the electronics maker’s stock worth $172,000 after buying an additional 147 shares in the last quarter. M&T Bank Corp raised its stake in Rogers by 8.4% in the second quarter. M&T Bank Corp now owns 2,595 shares of the electronics maker’s stock worth $282,000 after buying an additional 202 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Rogers by 59.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 916 shares of the electronics maker’s stock worth $148,000 after buying an additional 340 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in Rogers by 5.4% in the fourth quarter. Louisiana State Employees Retirement System now owns 7,800 shares of the electronics maker’s stock worth $1,263,000 after buying an additional 400 shares in the last quarter. 93.18% of the stock is owned by institutional investors.

In other Rogers news, SVP Jeffrey M. Grudzien sold 1,888 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $158.27, for a total transaction of $298,813.76. Following the completion of the transaction, the senior vice president now owns 24,192 shares of the company’s stock, valued at $3,828,867.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is currently owned by company insiders.

A number of equities analysts recently issued reports on ROG shares. B. Riley reissued a “buy” rating and issued a $180.00 price target (up from $147.00) on shares of Rogers in a research note on Monday, October 30th. Needham & Company LLC reissued a “buy” rating and issued a $165.00 price target on shares of Rogers in a research note on Friday, November 3rd. Zacks Investment Research raised shares of Rogers from a “hold” rating to a “strong-buy” rating and set a $171.00 price target for the company in a research note on Wednesday, November 8th. Finally, ValuEngine downgraded shares of Rogers from a “buy” rating to a “hold” rating in a research note 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 stock. The stock currently has a consensus rating of “Buy” and an average price target of $164.00.

Rogers Co. (NYSE:ROG) opened at $161.42 on Friday. Rogers Co. has a one year low of $78.52 and a one year high of $184.00. The firm has a market cap of $2,997.48, a P/E ratio of 30.65 and a beta of 1.22. The company has a current ratio of 3.74, a quick ratio of 2.74 and a debt-to-equity ratio of 0.18.

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

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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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