Bridge City Capital LLC Decreases Stake in Rogers Co. (NYSE:ROG)

Bridge City Capital LLC cut its position in Rogers Co. (NYSE:ROG) by 1.4% during the fourth quarter, HoldingsChannel reports. The firm owned 19,894 shares of the electronics maker’s stock after selling 287 shares during the quarter. Bridge City Capital LLC’s holdings in Rogers were worth $2,021,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. State Street Corp grew its stake in shares of Rogers by 1.2% during the third quarter. State Street Corp now owns 706,815 shares of the electronics maker’s stock worth $79,877,000 after purchasing an additional 8,402 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Rogers by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 411,048 shares of the electronics maker’s stock worth $46,461,000 after acquiring an additional 5,164 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Rogers by 5.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 242,914 shares of the electronics maker’s stock valued at $24,682,000 after acquiring an additional 13,311 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new stake in shares of Rogers during the 3rd quarter worth about $17,517,000. Finally, BNP Paribas Financial Markets lifted its stake in Rogers by 948.5% during the third quarter. BNP Paribas Financial Markets now owns 126,353 shares of the electronics maker’s stock worth $14,279,000 after purchasing an additional 114,302 shares during the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Rogers Stock Down 3.3 %

Shares of Rogers stock opened at $72.06 on Friday. The firm has a market capitalization of $1.33 billion, a P/E ratio of 51.11 and a beta of 0.56. Rogers Co. has a 52 week low of $71.63 and a 52 week high of $134.07. The firm’s 50 day moving average is $86.55 and its two-hundred day moving average is $97.73.

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

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.