Rogers Co. (NYSE:ROG) Position Trimmed by Westport Asset Management Inc.

Westport Asset Management Inc. lowered its stake in Rogers Co. (NYSE:ROG) by 4.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 21,656 shares of the electronics maker’s stock after selling 1,000 shares during the period. Rogers accounts for approximately 1.1% of Westport Asset Management Inc.’s holdings, making the stock its 27th biggest position. Westport Asset Management Inc.’s holdings in Rogers were worth $2,447,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Asset Dedication LLC acquired a new position in shares of Rogers in the second quarter worth about $25,000. Bessemer Group Inc. boosted its stake in Rogers by 2,926.3% in the 1st quarter. Bessemer Group Inc. now owns 575 shares of the electronics maker’s stock worth $68,000 after purchasing an additional 556 shares during the period. KBC Group NV grew its position in Rogers by 54.5% during the 3rd quarter. KBC Group NV now owns 669 shares of the electronics maker’s stock worth $76,000 after purchasing an additional 236 shares in the last quarter. Quest Partners LLC grew its position in Rogers by 39,200.0% during the 2nd quarter. Quest Partners LLC now owns 786 shares of the electronics maker’s stock worth $95,000 after purchasing an additional 784 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Rogers during the 2nd quarter valued at $103,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Rogers Stock Down 2.3 %

Shares of Rogers stock traded down $2.48 during midday trading on Tuesday, hitting $104.38. The company’s stock had a trading volume of 9,706 shares, compared to its average volume of 149,154. Rogers Co. has a 1-year low of $96.10 and a 1-year high of $138.85. The firm has a market capitalization of $1.95 billion, a P/E ratio of 39.87 and a beta of 0.51. The stock has a 50-day simple moving average of $104.64 and a 200-day simple moving average of $111.55.

Rogers (NYSE:ROG) last announced its quarterly earnings data on Thursday, October 24th. The electronics maker reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.13. The firm had revenue of $210.30 million during the quarter, compared to analyst estimates of $220.20 million. Rogers had a return on equity of 4.19% and a net margin of 5.91%. During the same period last year, the company posted $1.24 EPS. As a group, sell-side analysts predict that Rogers Co. will post 2.71 earnings per share for the current year.

Insider Buying and Selling at Rogers

In related news, SVP Michael Reed Webb sold 416 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $108.82, for a total value of $45,269.12. Following the transaction, the senior vice president now owns 4,400 shares in the company, valued at approximately $478,808. This represents a 8.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.27% 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.