Chatham Capital Group Inc. Has $2.33 Million Holdings in Rogers Co. (NYSE:ROG)

Chatham Capital Group Inc. decreased its position in Rogers Co. (NYSE:ROG) by 1.0% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 14,668 shares of the electronics maker’s stock after selling 147 shares during the period. Chatham Capital Group Inc. owned about 0.08% of Rogers worth $2,330,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ROG. Thrivent Financial for Lutherans raised its stake in shares of Rogers by 90.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 402,566 shares of the electronics maker’s stock worth $39,878,000 after purchasing an additional 190,848 shares in the last quarter. Norges Bank acquired a new stake in shares of Rogers in the fourth quarter valued at about $18,528,000. Ellis Investment Partners LLC acquired a new stake in shares of Rogers in the first quarter valued at about $104,000. RK Capital Management LLC acquired a new stake in Rogers during the fourth quarter worth approximately $4,646,000. Finally, SG Americas Securities LLC grew its stake in Rogers by 302.7% during the first quarter. SG Americas Securities LLC now owns 51,579 shares of the electronics maker’s stock worth $8,195,000 after purchasing an additional 38,772 shares during the period. Hedge funds and other institutional investors own 93.89% of the company’s stock.

In other Rogers news, VP Marc J. Beulque sold 209 shares of Rogers stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $193.00, for a total transaction of $40,337.00. Following the completion of the sale, the vice president now owns 2,225 shares of the company’s stock, valued at $429,425. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Bruce D. Hoechner sold 3,300 shares of Rogers stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $170.05, for a total value of $561,165.00. Following the sale, the insider now directly owns 67,972 shares of the company’s stock, valued at approximately $11,558,638.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,003 shares of company stock valued at $3,346,540. 1.09% of the stock is owned by company insiders.

Shares of ROG stock traded down $4.49 during trading hours on Friday, reaching $153.17. The company had a trading volume of 211,800 shares, compared to its average volume of 188,652. The company has a quick ratio of 3.42, a current ratio of 4.65 and a debt-to-equity ratio of 0.26. Rogers Co. has a 12 month low of $89.21 and a 12 month high of $206.43. The firm has a market capitalization of $2.86 billion, a PE ratio of 26.55 and a beta of 2.12.

Rogers (NYSE:ROG) last released its earnings results on Tuesday, April 30th. The electronics maker reported $1.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.53. Rogers had a return on equity of 13.71% and a net margin of 9.94%. The business had revenue of $239.80 million during the quarter, compared to the consensus estimate of $226.25 million. During the same period last year, the business posted $1.48 earnings per share. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, equities research analysts anticipate that Rogers Co. will post 6.64 earnings per share for the current fiscal year.

Several equities research analysts recently commented on the company. ValuEngine cut Rogers from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. B. Riley raised their price objective on Rogers from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Zacks Investment Research raised Rogers from a “hold” rating to a “buy” rating and set a $214.00 price objective for the company in a research note on Friday, May 3rd. Needham & Company LLC reissued a “buy” rating and issued a $155.00 price objective on shares of Rogers in a research note on Thursday, February 21st. Finally, Stifel Nicolaus started coverage on Rogers in a research note on Thursday, May 30th. They issued a “buy” rating and a $200.00 price objective for the company. Six investment analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus price target of $190.80.

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About Rogers

Rogers Corporation designs, develops, manufactures, and sells engineered materials and components worldwide. It operates in Advanced Connectivity Solutions (ACS), Elastomeric Material Solutions (EMS), Power Electronics Solutions (PES), and Other segments. The ACS segment offers circuit materials and solutions for connectivity applications in wireless infrastructure, automotive, aerospace and defense, connected devices, wired infrastructure, and consumer electronics under the RO3000, RO4000, RT/duroid, TMM, AD Series, and CLTE Series names.

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Institutional Ownership by Quarter for Rogers (NYSE:ROG)

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