Rogers Co. (NYSE:ROG) Holdings Lifted by Redwood Investment Management LLC

Redwood Investment Management LLC grew its stake in shares of Rogers Co. (NYSE:ROG) by 11.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,329 shares of the electronics maker’s stock after purchasing an additional 538 shares during the period. Redwood Investment Management LLC’s holdings in Rogers were worth $632,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Bessemer Group Inc. lifted its stake in Rogers by 2,926.3% in the 1st quarter. Bessemer Group Inc. now owns 575 shares of the electronics maker’s stock worth $68,000 after acquiring an additional 556 shares in the last quarter. Covestor Ltd lifted its stake in Rogers by 629.5% in the 1st quarter. Covestor Ltd now owns 766 shares of the electronics maker’s stock worth $91,000 after acquiring an additional 661 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in Rogers in the 1st quarter worth about $95,000. AdvisorNet Financial Inc raised its stake in shares of Rogers by 136,400.0% during the 1st quarter. AdvisorNet Financial Inc now owns 1,365 shares of the electronics maker’s stock worth $162,000 after purchasing an additional 1,364 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in shares of Rogers during the 1st quarter worth about $214,000. 96.02% of the stock is owned by hedge funds and other institutional investors.

Rogers Stock Performance

Shares of NYSE ROG traded down $2.04 during mid-day trading on Thursday, reaching $120.14. 10,841 shares of the company traded hands, compared to its average volume of 162,915. The stock has a market cap of $2.23 billion, a PE ratio of 33.57 and a beta of 0.53. The company’s fifty day moving average is $121.22 and its two-hundred day moving average is $117.88. Rogers Co. has a fifty-two week low of $105.48 and a fifty-two week high of $165.16.

Rogers (NYSE:ROG) last released its earnings results on Thursday, July 25th. The electronics maker reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.09. The firm had revenue of $214.20 million for the quarter, compared to analyst estimates of $215.00 million. Rogers had a return on equity of 4.67% and a net margin of 6.75%. During the same quarter last year, the firm posted $1.07 EPS. Research analysts forecast that Rogers Co. will post 3.04 earnings per share for the current year.

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.