27,053 Shares in Rogers Co. (NYSE:ROG) Acquired by Invenomic Capital Management LP

Invenomic Capital Management LP purchased a new stake in Rogers Co. (NYSE:ROG) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 27,053 shares of the electronics maker’s stock, valued at approximately $3,057,000.

A number of other large investors have also recently bought and sold shares of the stock. Nuance Investments LLC acquired a new stake in shares of Rogers in the 2nd quarter valued at $45,354,000. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Rogers by 100.4% during the 2nd 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 in the last quarter. BNP Paribas Financial Markets lifted its holdings in Rogers by 948.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 126,353 shares of the electronics maker’s stock valued at $14,279,000 after purchasing an additional 114,302 shares during the last quarter. Marshall Wace LLP acquired a new position in Rogers in the second quarter valued at about $10,077,000. Finally, Dimensional Fund Advisors LP boosted its position in Rogers by 12.1% in the second quarter. Dimensional Fund Advisors LP now owns 767,827 shares of the electronics maker’s stock valued at $92,609,000 after buying an additional 82,922 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors.

Insider Activity

In other Rogers news, 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 sale, the senior vice president now owns 4,400 shares of the company’s stock, valued at $478,808. This represents a 8.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.27% of the stock is currently owned by corporate insiders.

Rogers Trading Down 0.6 %

NYSE ROG opened at $105.43 on Wednesday. Rogers Co. has a 1-year low of $96.10 and a 1-year high of $138.85. The company has a 50 day moving average of $104.57 and a 200-day moving average of $110.97. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 39.34 and a beta of 0.52.

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

Rogers Company 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.