Rogers (NYSE:ROG) Sets New 12-Month Low – What’s Next?

Rogers Co. (NYSE:ROG)’s share price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $95.90 and last traded at $95.95, with a volume of 5033 shares trading hands. The stock had previously closed at $98.43.

Rogers Stock Down 2.7 %

The firm has a market capitalization of $1.79 billion, a P/E ratio of 35.74 and a beta of 0.53. The company’s 50 day moving average is $103.93 and its 200-day moving average is $108.03.

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

Insider Activity

In other news, SVP Michael Reed Webb sold 416 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $108.82, for a total value 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. This represents a 8.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.35% of the company’s stock.

Institutional Investors Weigh In On Rogers

Several institutional investors have recently bought and sold shares of ROG. Nuance Investments LLC purchased a new position in Rogers during the 2nd quarter worth $45,354,000. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Rogers by 100.4% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 337,700 shares of the electronics maker’s stock worth $40,730,000 after purchasing an additional 169,200 shares during the last quarter. Oddo BHF Asset Management Sas bought a new stake in Rogers in the 3rd quarter worth about $17,517,000. BNP Paribas Financial Markets increased its stake in Rogers by 948.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 126,353 shares of the electronics maker’s stock valued at $14,279,000 after buying an additional 114,302 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Rogers during the 2nd quarter worth approximately $10,077,000. Institutional investors own 96.02% of the company’s stock.

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.