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Highlights
- Barclays PLC raised its position in Rogers Co. by 285.5% in Q3.
- Institutional ownership in Rogers Co. is at 96.02%.
- Rogers Co. posted earnings per share of $0.98 for the quarter, exceeding estimates.
Rogers Corporation has recently seen a notable increase in institutional involvement, with Barclays PLC boosting its stake in the company. Known for its innovative materials and components, Rogers operates in key sectors such as electric vehicles and aerospace, contributing to its growing presence among NYSE Technology Stocks. The company remains a significant player in the tech industry.
Barclays PLC Increases Position in Rogers Co. (NYSE:ROG)
In a notable move during the third quarter, Barclays PLC increased its interest in Rogers Co. by 285.5%. According to the most recent filing with the Securities and Exchange Commission (SEC), Barclays acquired an additional 22,647 shares, bringing its total to 30,580 shares. As of the latest report, Barclays’ interest in Rogers is valued at approximately $3.46 million.
Institutional Activity in Rogers Co.
Rogers Co. has gained significant attention from institutional investors. Dimensional Fund Advisors LP grew its stake by 12.1% in the second quarter, now holding over 767,000 shares. Similarly, State Street Corp increased its position by 1.2% during Q3. Other investors, like Nuance Investments LLC, raised their positions by a staggering 70.2% in Q3, now holding approximately 640,000 shares. Institutional players now represent 96.02% of Rogers’ stock.
Stock Performance of Rogers Co.
Shares of Rogers Co. opened at $101.19 on the most recent trading day, with a market capitalization of $1.89 billion. The stock’s price fluctuated between a low of $96.10 and a high of $137.35 over the past year. The 50-day simple moving average stands at $104.21, and the 200-day moving average is $109.59. Rogers continues to see consistent activity in the market as institutional investors maintain a strong presence.
Rogers Co. Earnings Report
Rogers Co. reported earnings of $0.98 per share for the third quarter, surpassing the consensus estimate of $0.85. Revenue for the quarter came in at $210.30 million, slightly missing the expected $220.20 million. With a net margin of 5.91% and a return on equity of 4.19%, Rogers demonstrated steady financial performance despite the challenges. Analysts project Rogers to report an EPS of 2.71 for the current year, reflecting a solid overall performance despite a decrease from the prior year’s EPS of $1.24.
