Rogers Co. (NYSE:ROG) VP Brian Keith Larabee Sells 600 Shares of Stock

Rogers Co. (NYSE:ROG) VP Brian Keith Larabee sold 600 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $123.37, for a total transaction of $74,022.00. Following the sale, the vice president now directly owns 3,409 shares in the company, valued at approximately $420,568.33. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Rogers Stock Down 4.5 %

Shares of NYSE:ROG opened at $116.63 on Friday. The firm’s 50 day moving average price is $121.33 and its 200-day moving average price is $117.91. Rogers Co. has a twelve month low of $105.48 and a twelve month high of $165.16. The stock has a market capitalization of $2.17 billion, a PE ratio of 32.04 and a beta of 0.53.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Bessemer Group Inc. boosted 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 purchasing an additional 556 shares in the last quarter. Covestor Ltd lifted its stake in shares of Rogers by 629.5% during the first quarter. Covestor Ltd now owns 766 shares of the electronics maker’s stock worth $91,000 after buying an additional 661 shares during the period. Central Pacific Bank Trust Division acquired a new stake in shares of Rogers during the first quarter worth $95,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Rogers during the second quarter worth $103,000. Finally, AdvisorNet Financial Inc raised its holdings in shares of Rogers by 136,400.0% during the first quarter. AdvisorNet Financial Inc now owns 1,365 shares of the electronics maker’s stock worth $162,000 after purchasing an additional 1,364 shares during the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

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.