Bridge City Capital LLC Acquires 2,481 Shares of Rogers Co. (NYSE:ROG)

Bridge City Capital LLC lifted its holdings in Rogers Co. (NYSE:ROG) by 27.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,473 shares of the electronics maker’s stock after acquiring an additional 2,481 shares during the period. Bridge City Capital LLC’s holdings in Rogers were worth $1,568,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the stock. Price T Rowe Associates Inc. MD raised its position in Rogers by 1.1% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 8,930 shares of the electronics maker’s stock worth $1,541,000 after purchasing an additional 99 shares during the period. Oregon Public Employees Retirement Fund raised its position in Rogers by 1.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 7,222 shares of the electronics maker’s stock worth $1,246,000 after purchasing an additional 100 shares during the period. Municipal Employees Retirement System of Michigan raised its position in Rogers by 1.8% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 5,520 shares of the electronics maker’s stock worth $953,000 after purchasing an additional 100 shares during the period. State of Alaska Department of Revenue raised its position in Rogers by 1.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 6,316 shares of the electronics maker’s stock worth $1,090,000 after purchasing an additional 103 shares during the period. Finally, Meeder Asset Management Inc. purchased a new stake in Rogers in the 2nd quarter worth about $25,000. 96.75% of the stock is owned by hedge funds and other institutional investors.

A number of research firms recently weighed in on ROG. Zacks Investment Research lowered shares of Rogers from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 3rd. ValuEngine lowered shares of Rogers from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $194.75.

Shares of NYSE:ROG opened at $155.86 on Wednesday. The firm has a market cap of $2.81 billion, a PE ratio of 27.01 and a beta of 2.20. The firm’s 50 day simple moving average is $140.16 and its 200-day simple moving average is $152.97. Rogers Co. has a one year low of $89.21 and a one year high of $206.43. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.33 and a current ratio of 4.52.

Rogers (NYSE:ROG) last issued its earnings results on Wednesday, July 31st. The electronics maker reported $1.64 EPS for the quarter, topping the Zacks’ consensus estimate of $1.55 by $0.09. The business had revenue of $242.90 million for the quarter, compared to analyst estimates of $244.90 million. Rogers had a net margin of 10.39% and a return on equity of 14.33%. The company’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same period last year, the company posted $1.19 earnings per share. Equities research analysts predict that Rogers Co. will post 6.3 EPS for the current fiscal year.

Rogers Company 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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