Insider Selling: Rogers Co. (NYSE:ROG) VP Sells 191 Shares of Stock

Rogers Co. (NYSE:ROG) VP Griffin Melaney Gappert sold 191 shares of Rogers stock in a transaction on Monday, July 29th. The shares were sold at an average price of $124.44, for a total transaction of $23,768.04. Following the completion of the sale, the vice president now directly owns 3,700 shares in the company, valued at approximately $460,428. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Rogers Stock Performance

Rogers stock opened at $116.63 on Friday. The company’s fifty day moving average price is $121.33 and its 200 day moving average price is $117.91. Rogers Co. has a 1 year low of $105.48 and a 1 year high of $165.16. The stock has a market capitalization of $2.17 billion, a P/E ratio of 32.04 and a beta of 0.53.

Rogers (NYSE:ROG) last released its quarterly earnings results on Thursday, July 25th. The electronics maker reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.09. Rogers had a net margin of 6.75% and a return on equity of 4.67%. The firm had revenue of $214.20 million for the quarter, compared to analysts’ expectations of $215.00 million. During the same quarter last year, the company earned $1.07 EPS. Sell-side analysts predict that Rogers Co. will post 3.04 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ROG. Norges Bank purchased a new position in Rogers in the 4th quarter valued at $197,159,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Rogers in the 1st quarter valued at $19,999,000. Victory Capital Management Inc. lifted its holdings in Rogers by 12.1% in the 4th quarter. Victory Capital Management Inc. now owns 758,251 shares of the electronics maker’s stock valued at $100,142,000 after purchasing an additional 81,771 shares in the last quarter. Leeward Investments LLC MA purchased a new position in Rogers in the 1st quarter valued at $9,607,000. Finally, Vanguard Group Inc. lifted its holdings in Rogers by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 2,261,077 shares of the electronics maker’s stock valued at $268,367,000 after purchasing an additional 61,598 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

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.