Rogers (NYSE:ROG) Stock Price Up 3.7% – Here’s Why

Shares of Rogers Co. (NYSE:ROG) traded up 3.7% on Monday . The company traded as high as $89.87 and last traded at $89.05. 37,119 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 130,303 shares. The stock had previously closed at $85.87.

Rogers Price Performance

The stock has a market capitalization of $1.62 billion, a PE ratio of 61.40 and a beta of 0.51. The company has a 50 day moving average price of $96.05 and a 200-day moving average price of $101.63.

Rogers (NYSE:ROG) last released its quarterly earnings results on Wednesday, February 19th. The electronics maker reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. The company had revenue of $192.20 million during the quarter, compared to the consensus estimate of $191.75 million. Rogers had a net margin of 3.14% and a return on equity of 3.98%. During the same period in the prior year, the firm earned $0.60 earnings per share. As a group, equities analysts anticipate that Rogers Co. will post 3.57 earnings per share for the current year.

Hedge Funds Weigh In On Rogers

A number of institutional investors have recently bought and sold shares of ROG. Sterling Capital Management LLC lifted its position in shares of Rogers by 810.8% during the 4th quarter. Sterling Capital Management LLC now owns 592 shares of the electronics maker’s stock valued at $60,000 after buying an additional 527 shares in the last quarter. KBC Group NV increased its stake in shares of Rogers by 54.5% in the third quarter. KBC Group NV now owns 669 shares of the electronics maker’s stock worth $76,000 after purchasing an additional 236 shares in the last quarter. Covestor Ltd raised its position in shares of Rogers by 43.7% during the 4th quarter. Covestor Ltd now owns 1,164 shares of the electronics maker’s stock valued at $118,000 after purchasing an additional 354 shares during the period. Bank of Montreal Can lifted its stake in shares of Rogers by 6.2% during the 4th quarter. Bank of Montreal Can now owns 2,022 shares of the electronics maker’s stock valued at $205,000 after buying an additional 118 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. bought a new position in Rogers in the 4th quarter worth $222,000. 96.02% of the stock is owned by institutional investors.

About Rogers

Rogers Corporation engages in the design, development, manufacture, and sale of engineered materials and components worldwide. It operates through Advanced Electronics Solutions (AES), Elastomeric Material Solutions (EMS), and Other segments. The AES segment offers circuit materials, ceramic substrate materials, busbars, and cooling solutions for applications in electric and hybrid electric vehicles (EV/HEV), wireless infrastructure, automotive, renewable energy, aerospace and defense, mass transit, industrial, connected devices, and wired infrastructure.