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

Rogers Co. (NYSE:ROG) SVP Michael Reed Webb sold 416 shares of the stock in a transaction dated Friday, November 8th. The shares were 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 in the company, valued at approximately $478,808. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Rogers Trading Down 3.5 %

Shares of NYSE ROG opened at $102.82 on Wednesday. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 38.37 and a beta of 0.51. Rogers Co. has a 52 week low of $96.10 and a 52 week high of $138.85. The company’s 50-day moving average price is $104.14 and its 200 day moving average price is $112.53.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Asset Dedication LLC purchased a new position in Rogers in the 2nd quarter valued at about $25,000. Bessemer Group Inc. lifted its holdings in shares of Rogers by 2,926.3% during the 1st quarter. Bessemer Group Inc. now owns 575 shares of the electronics maker’s stock worth $68,000 after acquiring an additional 556 shares during the period. KBC Group NV lifted its holdings in shares of Rogers by 54.5% during the 3rd quarter. KBC Group NV now owns 669 shares of the electronics maker’s stock worth $76,000 after acquiring an additional 236 shares during the period. Covestor Ltd lifted its holdings in shares of Rogers by 629.5% during the 1st quarter. Covestor Ltd now owns 766 shares of the electronics maker’s stock worth $91,000 after acquiring an additional 661 shares during the period. Finally, Quest Partners LLC increased its position in Rogers by 39,200.0% during the 2nd quarter. Quest Partners LLC now owns 786 shares of the electronics maker’s stock worth $95,000 after purchasing an additional 784 shares in the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

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.