Rogers (NYSE:ROG) Shares Gap Up to $109.54

Rogers Co. (NYSE:ROG)’s share price gapped up before the market opened on Friday . The stock had previously closed at $109.54, but opened at $120.74. Rogers shares last traded at $124.64, with a volume of 143,179 shares trading hands.

Rogers Stock Up 11.1 %

The firm’s 50 day moving average price is $114.61 and its 200-day moving average price is $121.24. The company has a current ratio of 4.53, a quick ratio of 3.21 and a debt-to-equity ratio of 0.02. The company has a market cap of $2.27 billion, a P/E ratio of 40.37 and a beta of 0.69.

Rogers (NYSE:ROG) last announced its quarterly earnings data on Wednesday, February 21st. The electronics maker reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.40). The business had revenue of $204.60 million during the quarter, compared to the consensus estimate of $220.00 million. Rogers had a net margin of 6.23% and a return on equity of 5.82%. As a group, equities research analysts expect that Rogers Co. will post 2.93 EPS for the current year.

Institutional Investors Weigh In On Rogers

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ROG. Norges Bank acquired a new position in shares of Rogers during the 4th quarter worth about $197,159,000. Schroder Investment Management Group acquired a new position in Rogers during the third quarter valued at approximately $19,085,000. Victory Capital Management Inc. increased its stake in Rogers by 12.1% in the fourth quarter. Victory Capital Management Inc. now owns 758,251 shares of the electronics maker’s stock valued at $100,142,000 after purchasing an additional 81,771 shares in the last quarter. Leeward Investments LLC MA acquired a new stake in Rogers in the first quarter worth $9,607,000. Finally, Panagora Asset Management Inc. boosted its position in shares of Rogers by 137.5% during the third quarter. Panagora Asset Management Inc. now owns 84,016 shares of the electronics maker’s stock worth $11,046,000 after purchasing an additional 48,635 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.

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.