Rogers (NYSE:ROG) Hits New 1-Year Low at $104.00

Shares of Rogers Co. (NYSE:ROG) reached a new 52-week low during trading on Monday . The stock traded as low as $104.00 and last traded at $104.57, with a volume of 12985 shares changing hands. The stock had previously closed at $104.94.

Rogers Trading Down 2.7 %

The firm has a market capitalization of $1.90 billion, a PE ratio of 28.83 and a beta of 0.53. The stock’s 50 day moving average price is $120.03 and its two-hundred day moving average price is $117.55.

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

Insider Activity at Rogers

In other news, VP Brian Keith Larabee sold 600 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $123.37, for a total value of $74,022.00. Following the completion of the transaction, the vice president now owns 3,409 shares of the company’s stock, valued at $420,568.33. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.35% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Rogers

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank purchased a new position in Rogers during the fourth quarter worth approximately $197,159,000. Nuance Investments LLC purchased a new position in shares of Rogers in the 2nd quarter worth $45,354,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Rogers in the first quarter valued at $19,999,000. Dimensional Fund Advisors LP grew its position in Rogers by 12.1% during the second quarter. Dimensional Fund Advisors LP now owns 767,827 shares of the electronics maker’s stock valued at $92,609,000 after acquiring an additional 82,922 shares during the period. Finally, Victory Capital Management Inc. increased its stake in Rogers by 12.1% during the fourth quarter. Victory Capital Management Inc. now owns 758,251 shares of the electronics maker’s stock worth $100,142,000 after acquiring an additional 81,771 shares during 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.