Fmr LLC Buys 1,048 Shares of Rogers Co. (NYSE:ROG)

Fmr LLC lifted its stake in Rogers Co. (NYSE:ROG) by 83.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,309 shares of the electronics maker’s stock after acquiring an additional 1,048 shares during the period. Fmr LLC’s holdings in Rogers were worth $261,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC bought a new position in shares of Rogers in the second quarter valued at approximately $217,000. Raymond James & Associates bought a new stake in Rogers during the second quarter valued at about $3,720,000. Nisa Investment Advisors LLC grew its position in shares of Rogers by 1.2% in the second quarter. Nisa Investment Advisors LLC now owns 7,865 shares of the electronics maker’s stock valued at $949,000 after purchasing an additional 94 shares during the last quarter. Fifth Third Bancorp grew its holdings in Rogers by 26.5% in the 2nd quarter. Fifth Third Bancorp now owns 2,967 shares of the electronics maker’s stock valued at $358,000 after buying an additional 622 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its position in Rogers by 1.2% in the 2nd quarter. Louisiana State Employees Retirement System now owns 8,400 shares of the electronics maker’s stock worth $1,013,000 after buying an additional 100 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Rogers

In other news, SVP Michael Reed Webb sold 416 shares of the firm’s 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 transaction, the senior vice president now directly owns 4,400 shares of the company’s stock, valued at approximately $478,808. This trade represents a 8.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.27% of the company’s stock.

Rogers Trading Down 1.5 %

ROG opened at $99.95 on Friday. The business has a 50 day moving average of $104.38 and a 200-day moving average of $109.95. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 37.29 and a beta of 0.52. Rogers Co. has a 1-year low of $96.10 and a 1-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 (EPS) for the quarter, topping the consensus estimate 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 last year, the business posted $1.24 EPS. Equities analysts predict that Rogers Co. will post 2.71 EPS for the current year.

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.