Michael Reed Webb Sells 416 Shares of Rogers Co. (NYSE:ROG) Stock

Rogers Co. (NYSE:ROG) SVP Michael Reed Webb sold 416 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $108.82, for a total transaction of $45,269.12. Following the completion of the sale, the senior vice president now directly owns 4,400 shares of the company’s stock, valued at $478,808. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Rogers Stock Down 3.5 %

NYSE:ROG traded down $3.72 during trading hours on Tuesday, reaching $102.83. The company had a trading volume of 108,837 shares, compared to its average volume of 150,419. The stock has a 50-day moving average of $104.15 and a two-hundred day moving average of $112.66. The firm has a market capitalization of $1.92 billion, a PE ratio of 39.76 and a beta of 0.51. Rogers Co. has a one year low of $96.10 and a one year high of $138.85.

Rogers (NYSE:ROG) last posted its quarterly earnings results on Thursday, October 24th. The electronics maker reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.13. Rogers had a return on equity of 4.19% and a net margin of 5.91%. The firm had revenue of $210.30 million during the quarter, compared to the consensus estimate of $220.20 million. During the same period last year, the company earned $1.24 earnings per share. As a group, sell-side analysts expect that Rogers Co. will post 2.71 earnings per share for the current year.

Institutional Trading of Rogers

Several hedge funds and other institutional investors have recently bought and sold shares of ROG. Vanguard Group Inc. lifted its holdings in shares of Rogers by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 2,261,077 shares of the electronics maker’s stock worth $268,367,000 after acquiring an additional 61,598 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Rogers by 12.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 767,827 shares of the electronics maker’s stock valued at $92,609,000 after purchasing an additional 82,922 shares during the last quarter. Nuance Investments LLC lifted its holdings in Rogers by 70.2% during the 3rd quarter. Nuance Investments LLC now owns 639,936 shares of the electronics maker’s stock valued at $72,319,000 after purchasing an additional 263,898 shares during the last quarter. Royce & Associates LP grew its position in shares of Rogers by 0.7% during the 3rd quarter. Royce & Associates LP now owns 543,946 shares of the electronics maker’s stock worth $61,471,000 after buying an additional 3,584 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Rogers by 100.4% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 337,700 shares of the electronics maker’s stock valued at $40,730,000 after buying an additional 169,200 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

About Rogers

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.