Pentwater Capital Management LP Purchases Shares of 60,700 Rogers Co. (NYSE:ROG)

Pentwater Capital Management LP purchased a new stake in shares of Rogers Co. (NYSE:ROGGet Rating) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 60,700 shares of the electronics maker’s stock, valued at approximately $16,571,000. Pentwater Capital Management LP owned about 0.32% of Rogers at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ROG. Morgan Stanley boosted its position in Rogers by 22.8% during the second quarter. Morgan Stanley now owns 82,272 shares of the electronics maker’s stock valued at $16,519,000 after acquiring an additional 15,299 shares during the last quarter. Advisor Group Holdings Inc. boosted its position in Rogers by 4.2% during the third quarter. Advisor Group Holdings Inc. now owns 1,544 shares of the electronics maker’s stock valued at $288,000 after acquiring an additional 62 shares during the last quarter. Mackenzie Financial Corp bought a new stake in Rogers during the third quarter valued at $205,000. Barclays PLC boosted its position in shares of Rogers by 34.0% during the 3rd quarter. Barclays PLC now owns 17,846 shares of the electronics maker’s stock worth $3,327,000 after purchasing an additional 4,530 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its position in shares of Rogers by 4.4% during the 3rd quarter. CIBC Asset Management Inc now owns 1,436 shares of the electronics maker’s stock worth $268,000 after purchasing an additional 61 shares in the last quarter. 99.21% of the stock is currently owned by institutional investors and hedge funds.

NYSE ROG traded up $2.27 during trading hours on Tuesday, hitting $262.13. The company’s stock had a trading volume of 124,538 shares, compared to its average volume of 254,458. Rogers Co. has a 52 week low of $175.01 and a 52 week high of $274.51. The company has a market capitalization of $4.93 billion, a PE ratio of 53.12 and a beta of 1.47. The company has a current ratio of 3.58, a quick ratio of 2.63 and a debt-to-equity ratio of 0.17. The company’s 50-day simple moving average is $272.07 and its two-hundred day simple moving average is $271.57.

Rogers (NYSE:ROGGet Rating) last announced its quarterly earnings results on Thursday, April 28th. The electronics maker reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.39. The business had revenue of $248.30 million for the quarter, compared to analysts’ expectations of $233.00 million. Rogers had a net margin of 9.82% and a return on equity of 11.68%. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.92 EPS. Research analysts anticipate that Rogers Co. will post 6.15 EPS for the current fiscal year.

A number of equities analysts have recently issued reports on the stock. StockNews.com assumed coverage on shares of Rogers in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research raised shares of Rogers from a “hold” rating to a “strong-buy” rating and set a $313.00 price objective on the stock in a research report on Thursday, May 5th. Finally, TheStreet cut shares of Rogers from a “b” rating to a “c+” rating in a research report on Friday, April 29th. Six investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Rogers currently has a consensus rating of “Hold” and a consensus price target of $286.00.

Rogers Profile (Get Rating)

Rogers Corporation designs, develops, manufactures, and sells 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, telematics and thermal solutions, aerospace and defense, mass transit, clean energy, connected devices, and wired infrastructure markets.

Featured Articles

Institutional Ownership by Quarter for Rogers (NYSE:ROG)

Receive News & Ratings for Rogers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rogers and related companies with MarketBeat.com's FREE daily email newsletter.