Nan Shan Life Insurance Co. Ltd. Increases Stock Holdings in Rogers Co. (NYSE:ROG)

Nan Shan Life Insurance Co. Ltd. boosted its position in shares of Rogers Co. (NYSE:ROG) by 113.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,780 shares of the electronics maker’s stock after purchasing an additional 57,280 shares during the period. Nan Shan Life Insurance Co. Ltd. owned approximately 0.58% of Rogers worth $16,737,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. BlackRock Inc. increased its holdings in shares of Rogers by 11.1% during the 3rd quarter. BlackRock Inc. now owns 3,053,586 shares of the electronics maker’s stock worth $299,434,000 after buying an additional 305,830 shares during the last quarter. Sei Investments Co. raised its position in Rogers by 1.3% in the third quarter. Sei Investments Co. now owns 66,166 shares of the electronics maker’s stock valued at $6,452,000 after purchasing an additional 877 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Rogers by 42.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,371 shares of the electronics maker’s stock valued at $233,000 after purchasing an additional 709 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Rogers by 3.6% during the 3rd quarter. Victory Capital Management Inc. now owns 21,456 shares of the electronics maker’s stock worth $2,104,000 after purchasing an additional 737 shares during the period. Finally, THB Asset Management increased its position in shares of Rogers by 26.9% during the 4th quarter. THB Asset Management now owns 7,983 shares of the electronics maker’s stock worth $1,239,000 after purchasing an additional 1,692 shares during the last quarter. 94.49% of the stock is currently owned by institutional investors.

ROG has been the subject of a number of recent analyst reports. TheStreet upgraded shares of Rogers from a “c+” rating to a “b” rating in a research report on Thursday, February 18th. B. Riley upped their price objective on Rogers from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Zacks Investment Research lowered Rogers from a “buy” rating to a “hold” rating in a report on Wednesday, December 30th.

NYSE:ROG traded down $7.68 during mid-day trading on Tuesday, hitting $184.21. The stock had a trading volume of 1,813 shares, compared to its average volume of 81,849. Rogers Co. has a twelve month low of $75.72 and a twelve month high of $195.38. The stock has a 50-day simple moving average of $171.89 and a two-hundred day simple moving average of $137.05. The company has a current ratio of 4.46, a quick ratio of 3.43 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $3.44 billion, a PE ratio of 619.02 and a beta of 1.82.

Rogers (NYSE:ROG) last announced its earnings results on Wednesday, February 17th. The electronics maker reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.16. Rogers had a net margin of 0.77% and a return on equity of 9.06%. Sell-side analysts predict that Rogers Co. will post 4.89 EPS for the current fiscal year.

In related news, SVP Robert C. Daigle sold 2,100 shares of the stock in a transaction dated Monday, December 14th. The shares were sold at an average price of $153.63, for a total transaction of $322,623.00. Following the completion of the transaction, the senior vice president now directly owns 15,217 shares of the company’s stock, valued at $2,337,787.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Robert C. Daigle sold 3,291 shares of the firm’s stock in a transaction dated Friday, December 11th. The shares were sold at an average price of $151.33, for a total transaction of $498,027.03. Following the completion of the sale, the senior vice president now owns 17,317 shares of the company’s stock, valued at approximately $2,620,581.61. The disclosure for this sale can be found here. Insiders sold a total of 26,106 shares of company stock worth $4,335,081 over the last quarter. Company insiders own 1.09% of the company’s stock.

About Rogers

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, and wired infrastructure under the RO4000, RO3000, RT/duroid, TMM, AD Series, CuClad, Kappa, DiClad, IsoClad, COOLSPAN, MAGTREX, TC Series, IM Series, 92ML, and CLTE Series names.

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Institutional Ownership by Quarter for Rogers (NYSE:ROG)

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