Goldman Sachs Group Inc. cut its position in shares of Rogers Co. (NYSE:ROG) by 20.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 132,465 shares of the electronics maker’s stock after selling 33,969 shares during the period. Goldman Sachs Group Inc. owned approximately 0.73% of Rogers worth $21,448,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Stone Ridge Asset Management LLC purchased a new position in shares of Rogers during the 4th quarter worth about $241,000. Guggenheim Capital LLC purchased a new position in shares of Rogers during the 4th quarter worth about $2,027,000. Advisor Group Inc. boosted its stake in shares of Rogers by 89.2% during the 4th quarter. Advisor Group Inc. now owns 2,007 shares of the electronics maker’s stock worth $325,000 after purchasing an additional 946 shares during the period. Profund Advisors LLC boosted its stake in shares of Rogers by 18.8% during the 4th quarter. Profund Advisors LLC now owns 2,255 shares of the electronics maker’s stock worth $365,000 after purchasing an additional 357 shares during the period. Finally, Koch Industries Inc. purchased a new position in shares of Rogers during the 4th quarter worth about $469,000. 96.61% of the stock is owned by hedge funds and other institutional investors.
In other Rogers news, SVP Jay B. Knoll sold 1,250 shares of the business’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $131.78, for a total value of $164,725.00. Following the completion of the sale, the senior vice president now directly owns 5,909 shares of the company’s stock, valued at approximately $778,688.02. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Jeffrey M. Grudzien sold 1,430 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $155.83, for a total transaction of $222,836.90. Following the completion of the sale, the senior vice president now directly owns 23,293 shares of the company’s stock, valued at $3,629,748.19. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.
Rogers (NYSE:ROG) last released its quarterly earnings data on Tuesday, February 27th. The electronics maker reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.06). The company had revenue of $209.01 million during the quarter, compared to analysts’ expectations of $206.50 million. Rogers had a net margin of 9.80% and a return on equity of 14.72%. equities research analysts anticipate that Rogers Co. will post 6.17 earnings per share for the current year.
ROG has been the subject of a number of recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $175.00 price target (down from $180.00) on shares of Rogers in a research note on Thursday, March 1st. B. Riley reaffirmed a “buy” rating and set a $180.00 price target on shares of Rogers in a research note on Friday, December 15th. ValuEngine cut shares of Rogers from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Zacks Investment Research cut shares of Rogers from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 4th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $162.75.
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Rogers Corporation manufactures and sells engineered materials and components for mission critical applications. The Company’s segments are Advanced Connectivity Solutions (ACS), Elastomeric Material Solutions (EMS), Power Electronics Solutions (PES) and Other. The ACS segment manufactures and sells circuit materials and solutions for applications in wireless communications infrastructure, automotive, connected devices, consumer electronics and aerospace/defense.
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