Rogers (NYSE:ROG) Sets New 1-Year Low – Here’s What Happened

Rogers Co. (NYSE:ROG)’s stock price hit a new 52-week low during trading on Friday . The company traded as low as $96.10 and last traded at $101.68, with a volume of 21112 shares traded. The stock had previously closed at $99.50.

Rogers Stock Performance

The business’s 50-day moving average is $104.56 and its 200 day moving average is $113.12. The company has a market cap of $1.86 billion, a PE ratio of 31.86 and a beta of 0.50.

Rogers (NYSE:ROG) last issued its earnings results on Thursday, July 25th. The electronics maker reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.09. Rogers had a return on equity of 4.67% and a net margin of 6.75%. The company had revenue of $214.20 million during the quarter, compared to analysts’ expectations of $215.00 million. During the same period in the prior year, the business posted $1.07 EPS. Equities research analysts anticipate that Rogers Co. will post 3.04 EPS for the current fiscal year.

Insider Buying and Selling

In related news, VP Brian Keith Larabee sold 600 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $123.37, for a total value of $74,022.00. Following the sale, the vice president now directly owns 3,409 shares of the company’s stock, valued at $420,568.33. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.35% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ROG. Vanguard Group Inc. raised its stake in Rogers by 2.8% in the first quarter. Vanguard Group Inc. now owns 2,261,077 shares of the electronics maker’s stock worth $268,367,000 after buying an additional 61,598 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Rogers by 12.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 767,827 shares of the electronics maker’s stock worth $92,609,000 after acquiring an additional 82,922 shares in the last quarter. Nuance Investments LLC purchased a new position in shares of Rogers in the 2nd quarter valued at approximately $45,354,000. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Rogers by 100.4% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 337,700 shares of the electronics maker’s stock valued at $40,730,000 after purchasing an additional 169,200 shares in the last quarter. Finally, Leeward Investments LLC MA grew its stake in Rogers by 42.6% in the second quarter. Leeward Investments LLC MA now owns 115,382 shares of the electronics maker’s stock worth $13,916,000 after purchasing an additional 34,441 shares during the period. 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.