Granite Investment Partners LLC Raises Stock Position in Rogers Co. (NYSE:ROG)

Granite Investment Partners LLC lifted its stake in Rogers Co. (NYSE:ROG) by 3.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,583 shares of the electronics maker’s stock after buying an additional 2,715 shares during the period. Granite Investment Partners LLC owned approximately 0.43% of Rogers worth $8,086,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ROG. Vanguard Group Inc. grew its holdings in shares of Rogers by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 2,353,358 shares of the electronics maker’s stock worth $239,125,000 after purchasing an additional 40,835 shares during the last quarter. Norges Bank acquired a new stake in shares of Rogers in the 4th quarter valued at about $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 worth $98,828,000 after buying an additional 255,423 shares during the period. Nuance Investments LLC lifted its stake in Rogers by 26.6% in the fourth quarter. Nuance Investments LLC now owns 810,081 shares of the electronics maker’s stock valued at $82,312,000 after buying an additional 170,145 shares during the last quarter. Finally, State Street Corp lifted its stake in Rogers by 1.2% in the third quarter. State Street Corp now owns 706,815 shares of the electronics maker’s stock valued at $79,877,000 after buying an additional 8,402 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Rogers Stock Performance

Shares of NYSE:ROG opened at $56.16 on Friday. Rogers Co. has a one year low of $53.05 and a one year high of $134.07. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 39.83 and a beta of 0.51. The company has a 50-day simple moving average of $76.08 and a 200-day simple moving average of $93.25.

Rogers (NYSE:ROG) last posted its quarterly earnings data on Wednesday, February 19th. The electronics maker reported $0.46 EPS for the quarter, beating 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 the consensus estimate of $191.75 million. During the same period in the prior year, the business earned $0.60 EPS. As a group, research analysts forecast that Rogers Co. will post 3.57 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, CL King started coverage on shares of Rogers in a report on Monday, March 31st. They issued a “buy” rating and a $85.00 target price on the stock.

Rogers 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.