Hedges Asset Management LLC Boosts Position in Rogers Co. (NYSE:ROG)

Hedges Asset Management LLC grew its position in Rogers Co. (NYSE:ROG) by 36.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,550 shares of the electronics maker’s stock after buying an additional 950 shares during the quarter. Hedges Asset Management LLC’s holdings in Rogers were worth $361,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. KBC Group NV grew its stake in Rogers by 54.5% in the 3rd quarter. KBC Group NV now owns 669 shares of the electronics maker’s stock valued at $76,000 after acquiring an additional 236 shares during the last quarter. Central Pacific Bank Trust Division grew its position in shares of Rogers by 61.3% in the third quarter. Central Pacific Bank Trust Division now owns 1,000 shares of the electronics maker’s stock valued at $113,000 after purchasing an additional 380 shares during the last quarter. Algert Global LLC acquired a new stake in shares of Rogers in the second quarter valued at approximately $204,000. FMR LLC increased its stake in shares of Rogers by 83.1% during the 3rd quarter. FMR LLC now owns 2,309 shares of the electronics maker’s stock worth $261,000 after purchasing an additional 1,048 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of Rogers during the 2nd quarter worth approximately $317,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Insider Transactions at Rogers

In other Rogers news, SVP Michael Reed Webb sold 416 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $108.82, for a total transaction of $45,269.12. Following the transaction, the senior vice president now owns 4,400 shares of the company’s stock, valued at $478,808. This represents a 8.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.35% of the company’s stock.

Rogers Stock Performance

Shares of NYSE:ROG opened at $97.18 on Friday. The business’s fifty day moving average price is $101.97 and its two-hundred day moving average price is $106.40. The stock has a market cap of $1.81 billion, a PE ratio of 36.26 and a beta of 0.53. Rogers Co. has a one year low of $93.81 and a one year high of $134.07.

Rogers (NYSE:ROG) last posted 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 analysts’ expectations of $220.20 million. Rogers had a return on equity of 4.19% and a net margin of 5.91%. During the same quarter last year, the business posted $1.24 EPS. As a group, equities research analysts predict that Rogers Co. will post 2.71 earnings per share for the current fiscal year.

Rogers 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.