Great West Life Assurance Co. Can Cuts Holdings in Rogers Co. (ROG)

Great West Life Assurance Co. Can decreased its position in Rogers Co. (NYSE:ROG) by 1.9% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 23,741 shares of the electronics maker’s stock after selling 450 shares during the period. Great West Life Assurance Co. Can owned about 0.13% of Rogers worth $2,645,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Rhumbline Advisers grew its stake in shares of Rogers by 1.7% in the 1st quarter. Rhumbline Advisers now owns 43,149 shares of the electronics maker’s stock valued at $5,158,000 after buying an additional 733 shares during the period. Comerica Bank grew its stake in shares of Rogers by 8.6% in the 1st quarter. Comerica Bank now owns 28,776 shares of the electronics maker’s stock valued at $3,462,000 after buying an additional 2,285 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Rogers in the 1st quarter valued at approximately $219,000. Trexquant Investment LP purchased a new stake in shares of Rogers in the 1st quarter valued at approximately $246,000. Finally, Victory Capital Management Inc. grew its stake in shares of Rogers by 6,357.7% in the 1st quarter. Victory Capital Management Inc. now owns 100,417 shares of the electronics maker’s stock valued at $12,004,000 after buying an additional 98,862 shares during the period. Hedge funds and other institutional investors own 94.46% of the company’s stock.

NYSE:ROG opened at $147.46 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.92 and a quick ratio of 3.72. The company has a market cap of $2.71 billion, a P/E ratio of 25.60 and a beta of 1.54. Rogers Co. has a fifty-two week low of $105.60 and a fifty-two week high of $184.00.



Rogers (NYSE:ROG) last posted its quarterly earnings data on Tuesday, July 31st. The electronics maker reported $1.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.33 by ($0.14). The company had revenue of $214.68 million for the quarter, compared to analysts’ expectations of $214.33 million. Rogers had a return on equity of 13.02% and a net margin of 8.99%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.33 EPS. equities analysts forecast that Rogers Co. will post 5.47 EPS for the current year.

Several analysts have recently weighed in on the stock. ValuEngine raised shares of Rogers from a “hold” rating to a “buy” rating in a research note on Tuesday, August 28th. Zacks Investment Research raised shares of Rogers from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th. Sidoti reissued a “buy” rating and issued a $175.00 price target on shares of Rogers in a research note on Thursday, September 6th. Finally, B. Riley dropped their price target on shares of Rogers from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Wednesday, August 1st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Rogers presently has an average rating of “Buy” and an average target price of $167.75.

In related news, VP Marc J. Beulque sold 2,865 shares of the stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $137.92, for a total transaction of $395,140.80. Following the completion of the transaction, the vice president now owns 2,298 shares of the company’s stock, valued at approximately $316,940.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jeffrey M. Grudzien sold 1,751 shares of the stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $131.11, for a total transaction of $229,573.61. Following the transaction, the senior vice president now directly owns 22,992 shares of the company’s stock, valued at approximately $3,014,481.12. The disclosure for this sale can be found here. Insiders have sold a total of 6,116 shares of company stock valued at $834,369 in the last ninety days. 1.50% of the stock is currently owned by corporate insiders.

Rogers Profile

Rogers Corporation designs, develops, manufactures, and sells engineered materials and components worldwide. The company's Advanced Connectivity Solutions segment offers circuit materials and solutions for connectivity applications in wireless communications infrastructure, automotive, connected devices, wired infrastructure, consumer electronics, and aerospace/defense.

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Institutional Ownership by Quarter for Rogers (NYSE:ROG)

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