Rogers (NYSE:ROG) Sets New 12-Month Low – Here’s What Happened

Rogers Co. (NYSE:ROG) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $71.86 and last traded at $75.33, with a volume of 257617 shares. The stock had previously closed at $74.17.

Rogers Trading Up 1.6 %

The business has a 50 day moving average of $93.63 and a 200-day moving average of $100.69. The firm has a market capitalization of $1.39 billion, a P/E ratio of 53.42 and a beta of 0.51.

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 analysts’ consensus estimates of $0.43 by $0.03. Rogers had a return on equity of 3.98% and a net margin of 3.14%. The business had revenue of $192.20 million during the quarter, compared to analysts’ expectations of $191.75 million. During the same period in the prior year, the business earned $0.60 EPS. On average, analysts anticipate that Rogers Co. will post 3.57 EPS for the current fiscal year.

Institutional Trading of Rogers

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Rogers by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 2,353,358 shares of the electronics maker’s stock worth $239,125,000 after acquiring an additional 40,835 shares during the last quarter. Norges Bank acquired a new position in Rogers during the 4th quarter worth approximately $113,725,000. Neuberger Berman Group LLC boosted its position in Rogers by 35.6% during the 4th quarter. Neuberger Berman Group LLC now owns 972,623 shares of the electronics maker’s stock worth $98,828,000 after acquiring an additional 255,423 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Rogers by 6.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 874,139 shares of the electronics maker’s stock worth $88,823,000 after acquiring an additional 50,708 shares during the last quarter. Finally, Nuance Investments LLC boosted its position in Rogers by 26.6% during the 4th quarter. Nuance Investments LLC now owns 810,081 shares of the electronics maker’s stock worth $82,312,000 after acquiring an additional 170,145 shares during the last quarter. 96.02% of the stock is owned by 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.