Rogers Co. (NYSE:ROG) Shares Purchased by Hedges Asset Management LLC

Hedges Asset Management LLC raised its stake in Rogers Co. (NYSE:ROG) by 36.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,550 shares of the electronics maker’s stock after purchasing an additional 950 shares during the quarter. Hedges Asset Management LLC’s holdings in Rogers were worth $361,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Nuance Investments LLC boosted its holdings in Rogers by 70.2% in the third quarter. Nuance Investments LLC now owns 639,936 shares of the electronics maker’s stock valued at $72,319,000 after acquiring an additional 263,898 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Rogers by 100.4% in the 2nd 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 purchasing an additional 169,200 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new stake in shares of Rogers during the 3rd quarter worth about $17,517,000. BNP Paribas Financial Markets increased its position in Rogers by 948.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 126,353 shares of the electronics maker’s stock worth $14,279,000 after purchasing an additional 114,302 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in Rogers during the 2nd quarter worth approximately $10,077,000. 96.02% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Rogers

In other Rogers news, 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 value of $45,269.12. Following the completion of the transaction, the senior vice president now owns 4,400 shares in the company, valued at $478,808. This represents a 8.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.35% of the stock is currently owned by corporate insiders.

Rogers Stock Down 1.4 %

Shares of ROG stock opened at $97.18 on Friday. Rogers Co. has a fifty-two week low of $93.81 and a fifty-two week high of $134.07. The firm’s 50 day moving average price is $101.97 and its two-hundred day moving average price is $106.40. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 36.26 and a beta of 0.53.

Rogers (NYSE:ROG) last posted 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 for the quarter, compared to analyst estimates of $220.20 million. During the same quarter in the previous year, the business posted $1.24 EPS. On average, equities analysts forecast that Rogers Co. will post 2.71 EPS for the current fiscal year.

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.