Rogers (NYSE:ROG) Sets New 1-Year Low – What’s Next?

Shares of Rogers Co. (NYSE:ROG) hit a new 52-week low during trading on Friday . The stock traded as low as $84.75 and last traded at $84.89, with a volume of 130587 shares traded. The stock had previously closed at $89.59.

Rogers Trading Down 4.2 %

The company has a market cap of $1.60 billion, a price-to-earnings ratio of 60.85 and a beta of 0.51. The firm’s 50-day moving average price is $96.43 and its 200 day moving average price is $101.84.

Rogers (NYSE:ROG) last announced its quarterly earnings data on Wednesday, February 19th. The electronics maker reported $0.46 EPS for the quarter, topping the consensus estimate of $0.43 by $0.03. Rogers had a net margin of 3.14% and a return on equity of 3.96%. The company had revenue of $192.20 million during the quarter, compared to the consensus estimate of $191.75 million. During the same quarter last year, the firm posted $0.60 EPS. Analysts forecast that Rogers Co. will post 3.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Rogers

A number of large investors have recently modified their holdings of ROG. Norges Bank bought a new position in shares of Rogers in the 4th quarter worth $113,725,000. Nuance Investments LLC lifted its holdings in shares of Rogers by 70.2% in the 3rd quarter. Nuance Investments LLC now owns 639,936 shares of the electronics maker’s stock worth $72,319,000 after purchasing an additional 263,898 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in Rogers by 35.6% during the 4th quarter. Neuberger Berman Group LLC now owns 972,623 shares of the electronics maker’s stock valued at $98,828,000 after acquiring an additional 255,423 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Rogers by 66.0% during the 4th quarter. Ameriprise Financial Inc. now owns 453,144 shares of the electronics maker’s stock valued at $46,044,000 after acquiring an additional 180,086 shares in the last quarter. Finally, Oddo BHF Asset Management Sas bought a new position in Rogers during the 3rd quarter valued at $17,517,000. 96.02% of the stock is currently owned by institutional investors.

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.