Royce & Associates LP Acquires 3,584 Shares of Rogers Co. (NYSE:ROG)

Royce & Associates LP boosted its holdings in Rogers Co. (NYSE:ROG) by 0.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 543,946 shares of the electronics maker’s stock after purchasing an additional 3,584 shares during the quarter. Rogers comprises 0.6% of Royce & Associates LP’s holdings, making the stock its 28th largest holding. Royce & Associates LP owned 2.92% of Rogers worth $61,471,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ROG. SG Americas Securities LLC bought a new stake in shares of Rogers in the 2nd quarter valued at $4,001,000. Edgestream Partners L.P. raised its holdings in shares of Rogers by 433.8% during the first quarter. Edgestream Partners L.P. now owns 11,956 shares of the electronics maker’s stock valued at $1,419,000 after purchasing an additional 9,716 shares during the period. Texas Permanent School Fund Corp boosted its position in shares of Rogers by 34.1% during the 2nd quarter. Texas Permanent School Fund Corp now owns 19,669 shares of the electronics maker’s stock worth $2,372,000 after purchasing an additional 5,005 shares in the last quarter. Granite Investment Partners LLC grew its stake in shares of Rogers by 20.8% in the 2nd quarter. Granite Investment Partners LLC now owns 97,963 shares of the electronics maker’s stock valued at $11,815,000 after buying an additional 16,854 shares during the period. Finally, Nuance Investments LLC bought a new stake in Rogers in the 2nd quarter valued at about $45,354,000. 96.02% of the stock is owned by institutional investors and hedge funds.

Rogers Stock Performance

Shares of NYSE:ROG opened at $104.01 on Friday. The firm has a market cap of $1.94 billion, a P/E ratio of 38.81 and a beta of 0.51. Rogers Co. has a 52-week low of $96.10 and a 52-week high of $138.85. The business’s 50 day simple moving average is $104.17 and its two-hundred day simple moving average is $112.41.

Rogers (NYSE:ROG) last announced its quarterly earnings results on Thursday, October 24th. The electronics maker reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.13. The business had revenue of $210.30 million during 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 quarter in the previous year, the business posted $1.24 EPS. On average, equities analysts forecast that Rogers Co. will post 2.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Michael Reed Webb sold 416 shares of Rogers stock in a transaction 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 in the company, valued at $478,808. The trade was a 8.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.35% of the company’s stock.

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.