Keybank National Association OH Takes $422,000 Position in Rogers Co. (NYSE:ROG)

Posted by Defense World Staff on Aug 23rd, 2023

Keybank National Association OH purchased a new stake in Rogers Co. (NYSE:ROG – Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,585 shares of the electronics maker’s stock, valued at approximately $422,000.

Several other hedge funds also recently made changes to their positions in the stock. Tower Research Capital LLC TRC grew its position in shares of Rogers by 443.0% in the first quarter. Tower Research Capital LLC TRC now owns 581 shares of the electronics maker’s stock valued at $95,000 after purchasing an additional 474 shares in the last quarter. Bank of New York Mellon Corp grew its position in Rogers by 1.7% during the first quarter. Bank of New York Mellon Corp now owns 172,049 shares of the electronics maker’s stock worth $28,118,000 after buying an additional 2,944 shares in the last quarter. US Bancorp DE grew its position in Rogers by 141.3% during the first quarter. US Bancorp DE now owns 5,838 shares of the electronics maker’s stock worth $954,000 after buying an additional 3,419 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Rogers during the first quarter worth about $461,000. Finally, Russell Investments Group Ltd. grew its position in Rogers by 52.5% during the first quarter. Russell Investments Group Ltd. now owns 16,896 shares of the electronics maker’s stock worth $2,761,000 after buying an additional 5,817 shares in the last quarter. 90.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ROG has been the subject of several recent analyst reports. StockNews.com initiated coverage on Rogers in a research report on Thursday, August 17th. They set a “hold” rating for the company. B. Riley upped their price objective on Rogers from $200.00 to $205.00 in a report on Friday, April 28th.

Check Out Our Latest Research Report on ROG

Rogers Price Performance

ROG opened at $136.05 on Wednesday. The stock has a 50-day moving average price of $158.78 and a 200-day moving average price of $156.94. Rogers Co. has a 12-month low of $98.45 and a 12-month high of $265.85. The company has a current ratio of 4.91, a quick ratio of 3.48 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $2.53 billion, a P/E ratio of 26.52 and a beta of 0.95.

Insider Activity

In related news, Director Anne K. Roby bought 315 shares of the stock in a transaction dated Wednesday, August 9th. The stock was bought at an average price of $148.06 per share, with a total value of $46,638.90. Following the purchase, the director now owns 615 shares in the company, valued at approximately $91,056.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.90% of the stock is currently owned by corporate insiders.

Rogers Company Profile

(Free Report)

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, telematics and thermal solutions, aerospace and defense, mass transit, clean energy, connected devices, and wired infrastructure.