Rogers (NYSE:ROG) Sets New 12-Month Low – What’s Next?

Shares of Rogers Co. (NYSE:ROG) hit a new 52-week low on Thursday . The stock traded as low as $71.76 and last traded at $72.64, with a volume of 87785 shares trading hands. The stock had previously closed at $74.43.

Rogers Stock Up 7.8 %

The company has a 50-day simple moving average of $89.37 and a two-hundred day simple moving average of $99.08. The stock has a market cap of $1.45 billion, a P/E ratio of 55.54 and a beta of 0.56.

Rogers (NYSE:ROG) last announced its earnings results on Wednesday, February 19th. The electronics maker reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. The company had revenue of $192.20 million during the quarter, compared to the consensus estimate of $191.75 million. Rogers had a return on equity of 3.98% and a net margin of 3.14%. During the same quarter in the prior year, the company earned $0.60 earnings per share. As a group, sell-side 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 hedge funds and other institutional investors have recently made changes to their positions in ROG. Sterling Capital Management LLC raised its holdings in shares of Rogers by 810.8% during the fourth quarter. Sterling Capital Management LLC now owns 592 shares of the electronics maker’s stock valued at $60,000 after acquiring an additional 527 shares in the last quarter. KBC Group NV raised its holdings 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 purchasing an additional 236 shares in the last quarter. Covestor Ltd raised its holdings in Rogers by 43.7% in the fourth quarter. Covestor Ltd now owns 1,164 shares of the electronics maker’s stock worth $118,000 after purchasing an additional 354 shares in the last quarter. Bank of Montreal Can raised its holdings in Rogers by 6.2% in the fourth 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. Finally, Vestmark Advisory Solutions Inc. bought a new position in Rogers in the fourth quarter worth $222,000. Institutional investors own 96.02% of the company’s stock.

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.