Conestoga Capital Advisors LLC Has $87.45 Million Stake in Rogers Co. (ROG)

Conestoga Capital Advisors LLC grew its holdings in Rogers Co. (NYSE:ROG) by 0.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 550,387 shares of the electronics maker’s stock after acquiring an additional 3,430 shares during the quarter. Rogers accounts for approximately 2.4% of Conestoga Capital Advisors LLC’s holdings, making the stock its 14th largest holding. Conestoga Capital Advisors LLC owned 2.97% of Rogers worth $87,445,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in ROG. BlackRock Inc. boosted its stake in Rogers by 0.5% during the fourth quarter. BlackRock Inc. now owns 2,645,386 shares of the electronics maker’s stock worth $262,050,000 after buying an additional 12,748 shares during the last quarter. Vanguard Group Inc boosted its stake in Rogers by 2.6% during the third quarter. Vanguard Group Inc now owns 1,867,288 shares of the electronics maker’s stock worth $275,089,000 after buying an additional 46,605 shares during the last quarter. Vanguard Group Inc. boosted its stake in Rogers by 2.6% during the third quarter. Vanguard Group Inc. now owns 1,867,288 shares of the electronics maker’s stock worth $275,089,000 after buying an additional 46,605 shares during the last quarter. Neuberger Berman Group LLC boosted its stake in Rogers by 2.8% during the third quarter. Neuberger Berman Group LLC now owns 1,734,911 shares of the electronics maker’s stock worth $255,587,000 after buying an additional 46,962 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in Rogers by 90.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 402,566 shares of the electronics maker’s stock worth $39,878,000 after buying an additional 190,848 shares during the last quarter. Hedge funds and other institutional investors own 93.89% of the company’s stock.

NYSE ROG traded up $0.21 during trading hours on Friday, hitting $183.61. 137,795 shares of the company were exchanged, compared to its average volume of 235,476. The company has a market cap of $3.40 billion, a price-to-earnings ratio of 31.82 and a beta of 2.06. Rogers Co. has a 52-week low of $89.21 and a 52-week high of $206.43. The company has a debt-to-equity ratio of 0.26, a current ratio of 4.65 and a quick ratio of 3.42.

Rogers (NYSE:ROG) last released its quarterly earnings data on Tuesday, April 30th. The electronics maker reported $1.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.32 by $0.53. The business had revenue of $239.80 million during the quarter, compared to analysts’ expectations of $226.25 million. Rogers had a return on equity of 13.71% and a net margin of 9.94%. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.48 EPS. Equities research analysts anticipate that Rogers Co. will post 6.67 earnings per share for the current fiscal year.

A number of equities research analysts have commented on ROG shares. Zacks Investment Research upgraded Rogers from a “hold” rating to a “buy” rating and set a $214.00 target price on the stock in a research report on Friday, May 3rd. B. Riley lifted their target price on Rogers from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. ValuEngine upgraded Rogers from a “hold” rating to a “buy” rating in a report on Wednesday, February 27th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $155.00 price objective on shares of Rogers in a report on Thursday, February 21st. Five investment analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus target price of $188.50.

In related news, SVP Robert C. Daigle sold 13,294 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $191.13, for a total value of $2,540,882.22. Following the completion of the sale, the senior vice president now directly owns 27,229 shares of the company’s stock, valued at approximately $5,204,278.77. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Helen Zhang sold 12,142 shares of the company’s stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $154.05, for a total value of $1,870,475.10. Following the completion of the sale, the senior vice president now directly owns 15,942 shares of the company’s stock, valued at $2,455,865.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 40,035 shares of company stock valued at $6,763,170. Insiders own 1.09% of the company’s stock.

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Rogers Profile

Rogers Corporation designs, develops, manufactures, and sells engineered materials and components worldwide. It operates in Advanced Connectivity Solutions (ACS), Elastomeric Material Solutions (EMS), Power Electronics Solutions (PES), and Other segments. The ACS segment offers circuit materials and solutions for connectivity applications in wireless infrastructure, automotive, aerospace and defense, connected devices, wired infrastructure, and consumer electronics under the RO3000, RO4000, RT/duroid, TMM, AD Series, and CLTE Series names.

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Institutional Ownership by Quarter for Rogers (NYSE:ROG)

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