Rogers (NYSE:ROG) Sets New 52-Week Low – Here’s Why

Rogers Co. (NYSE:ROG)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as $71.13 and last traded at $71.50, with a volume of 60191 shares changing hands. The stock had previously closed at $73.26.

Rogers Price Performance

The company has a market cap of $1.31 billion, a P/E ratio of 50.27 and a beta of 0.56. The company’s 50-day moving average is $85.13 and its two-hundred day moving average is $97.09.

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Rogers by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 2,353,358 shares of the electronics maker’s stock valued at $239,125,000 after buying an additional 40,835 shares during the last quarter. Norges Bank bought a new stake in shares of Rogers in the fourth quarter worth $113,725,000. Neuberger Berman Group LLC increased its position in Rogers by 35.6% during the fourth quarter. Neuberger Berman Group LLC now owns 972,623 shares of the electronics maker’s stock valued at $98,828,000 after acquiring an additional 255,423 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Rogers by 6.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 874,139 shares of the electronics maker’s stock valued at $88,823,000 after acquiring an additional 50,708 shares during the period. Finally, Nuance Investments LLC boosted its position in Rogers by 26.6% in the fourth quarter. Nuance Investments LLC now owns 810,081 shares of the electronics maker’s stock worth $82,312,000 after purchasing an additional 170,145 shares during the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Rogers Company Profile

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.