Rogers (NYSE:ROG) Shares Up 3.7% – Here’s Why

Rogers Co. (NYSE:ROG) traded up 3.7% during mid-day trading on Monday . The company traded as high as $89.87 and last traded at $89.05. 37,119 shares changed hands during trading, a decline of 72% from the average session volume of 130,303 shares. The stock had previously closed at $85.87.

Rogers Price Performance

The company’s 50-day simple moving average is $95.30 and its 200-day simple moving average is $101.36. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 60.29 and a beta of 0.51.

Rogers (NYSE:ROG) last released its earnings results on Wednesday, February 19th. The electronics maker reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.03. The company had revenue of $192.20 million for the quarter, compared to analyst estimates of $191.75 million. Rogers had a return on equity of 3.98% and a net margin of 3.14%. During the same period in the prior year, the firm posted $0.60 EPS. Research analysts expect that Rogers Co. will post 3.57 earnings per share for the current year.

Hedge Funds Weigh In On Rogers

Large investors have recently modified their holdings of the business. Bank of Montreal Can boosted its position in shares of Rogers by 6.2% during the 4th quarter. Bank of Montreal Can now owns 2,022 shares of the electronics maker’s stock worth $205,000 after purchasing an additional 118 shares in the last quarter. Redwood Investment Management LLC grew its holdings in shares of Rogers by 4.9% in the third quarter. Redwood Investment Management LLC now owns 4,618 shares of the electronics maker’s stock valued at $509,000 after acquiring an additional 216 shares in the last quarter. Inspire Investing LLC increased its position in shares of Rogers by 5.7% during the 4th quarter. Inspire Investing LLC now owns 4,327 shares of the electronics maker’s stock valued at $440,000 after purchasing an additional 232 shares during the last quarter. KBC Group NV raised its position in Rogers by 54.5% in the third quarter. KBC Group NV now owns 669 shares of the electronics maker’s stock worth $76,000 after acquiring an additional 236 shares during the period. Finally, Procyon Advisors LLC raised its holdings in shares of Rogers by 11.9% in the 4th quarter. Procyon Advisors LLC now owns 3,108 shares of the electronics maker’s stock worth $316,000 after purchasing an additional 331 shares during the period. Institutional investors own 96.02% of the company’s stock.

About Rogers

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.