Rogers (NYSE:ROG) Sees Large Volume Increase – Still a Buy?

Shares of Rogers Co. (NYSE:ROG) saw strong trading volume on Wednesday . 245,622 shares were traded during trading, an increase of 73% from the previous session’s volume of 142,001 shares.The stock last traded at $70.32 and had previously closed at $70.82.

Rogers Price Performance

The business’s fifty day moving average price is $85.65 and its 200-day moving average price is $97.28. The stock has a market capitalization of $1.29 billion, a PE ratio of 49.36 and a beta of 0.56.

Rogers (NYSE:ROG) last posted its earnings results on Wednesday, February 19th. The electronics maker reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.03. The business had revenue of $192.20 million for the quarter, compared to analysts’ expectations 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 company posted $0.60 EPS. On average, analysts expect that Rogers Co. will post 3.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Rogers

A number of institutional investors have recently added to or reduced their stakes in ROG. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Rogers by 7.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 48,730 shares of the electronics maker’s stock worth $4,951,000 after purchasing an additional 3,520 shares in the last quarter. State of Wyoming lifted its position in Rogers by 5.6% during the fourth quarter. State of Wyoming now owns 14,069 shares of the electronics maker’s stock valued at $1,430,000 after purchasing an additional 745 shares during the last quarter. ProShare Advisors LLC increased its holdings in shares of Rogers by 44.9% in the 4th quarter. ProShare Advisors LLC now owns 5,625 shares of the electronics maker’s stock worth $572,000 after buying an additional 1,742 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in shares of Rogers during the 4th quarter valued at $773,000. Finally, Occudo Quantitative Strategies LP raised its position in shares of Rogers by 39.1% during the 4th quarter. Occudo Quantitative Strategies LP now owns 3,921 shares of the electronics maker’s stock valued at $398,000 after buying an additional 1,103 shares in the last quarter. 96.02% of the stock is currently 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.