Rogers Co. (NYSE:ROG) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. grew its holdings in Rogers Co. (NYSE:ROG) by 0.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 870,456 shares of the electronics maker’s stock after acquiring an additional 884 shares during the period. Victory Capital Management Inc. owned about 4.66% of Rogers worth $98,370,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Roubaix Capital LLC acquired a new stake in Rogers in the 3rd quarter valued at $1,346,000. Pinnacle Associates Ltd. boosted its position in shares of Rogers by 1.4% in the third quarter. Pinnacle Associates Ltd. now owns 120,734 shares of the electronics maker’s stock worth $13,644,000 after buying an additional 1,704 shares during the period. Hedges Asset Management LLC grew its stake in shares of Rogers by 23.8% in the third quarter. Hedges Asset Management LLC now owns 2,600 shares of the electronics maker’s stock valued at $294,000 after buying an additional 500 shares in the last quarter. Creative Planning raised its holdings in shares of Rogers by 26.1% during the 3rd quarter. Creative Planning now owns 5,531 shares of the electronics maker’s stock valued at $625,000 after buying an additional 1,144 shares during the period. Finally, Procyon Advisors LLC lifted its position in Rogers by 22.5% during the 3rd quarter. Procyon Advisors LLC now owns 2,777 shares of the electronics maker’s stock worth $314,000 after acquiring an additional 510 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Rogers Stock Up 0.8 %

Shares of NYSE:ROG opened at $103.61 on Thursday. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 38.66 and a beta of 0.51. The company has a 50 day moving average of $104.14 and a two-hundred day moving average of $112.47. Rogers Co. has a 52-week low of $96.10 and a 52-week high of $138.85.

Rogers (NYSE:ROG) last announced its earnings results on Thursday, October 24th. The electronics maker reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.13. Rogers had a net margin of 5.91% and a return on equity of 4.19%. The business had revenue of $210.30 million during the quarter, compared to the consensus estimate of $220.20 million. During the same period in the prior year, the firm earned $1.24 earnings per share. On average, equities analysts anticipate that Rogers Co. will post 2.71 earnings per share for the current year.

Insider Activity

In related news, SVP Michael Reed Webb sold 416 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $108.82, for a total value of $45,269.12. Following the transaction, the senior vice president now 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.35% of the company’s stock.

Rogers Profile

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.