Rogers Co. (NYSE:ROG) SVP Michael Reed Webb Sells 416 Shares

Rogers Co. (NYSE:ROG) 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 transaction of $45,269.12. Following the sale, 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 filing with the SEC, which is available at this hyperlink.

Rogers Stock Up 0.4 %

Shares of ROG stock opened at $104.01 on Friday. Rogers Co. has a fifty-two week low of $96.10 and a fifty-two week high of $138.85. The firm’s 50 day moving average price is $104.17 and its two-hundred day moving average price is $112.41. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 38.81 and a beta of 0.51.

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.

Institutional Investors Weigh In On Rogers

Institutional investors and hedge funds have recently modified their holdings of the stock. Asset Dedication LLC purchased a new stake in Rogers during the 2nd quarter worth $25,000. Bessemer Group Inc. grew its stake in shares of Rogers by 2,926.3% during the first quarter. Bessemer Group Inc. now owns 575 shares of the electronics maker’s stock valued at $68,000 after acquiring an additional 556 shares in the last quarter. KBC Group NV increased its position in shares of Rogers by 54.5% during the third quarter. KBC Group NV now owns 669 shares of the electronics maker’s stock worth $76,000 after acquiring an additional 236 shares during the last quarter. Covestor Ltd lifted its stake in shares of Rogers by 629.5% in the first quarter. Covestor Ltd now owns 766 shares of the electronics maker’s stock worth $91,000 after acquiring an additional 661 shares in the last quarter. Finally, Quest Partners LLC boosted its holdings in Rogers by 39,200.0% in the second quarter. Quest Partners LLC now owns 786 shares of the electronics maker’s stock valued at $95,000 after purchasing an additional 784 shares during the last quarter. Hedge funds and other 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.