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

Rogers Co. (NYSE:ROG) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $95.90 and last traded at $95.95, with a volume of 5033 shares trading hands. The stock had previously closed at $98.43.

Rogers Price Performance

The business has a fifty day moving average of $103.79 and a 200-day moving average of $107.78. The stock has a market cap of $1.78 billion, a PE ratio of 35.64 and a beta of 0.53.

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

Insider Activity

In other news, SVP Michael Reed Webb sold 416 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $108.82, for a total value of $45,269.12. Following the sale, the senior vice president now directly owns 4,400 shares in the company, valued at approximately $478,808. This trade represents a 8.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.35% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. KBC Group NV lifted its holdings in shares of Rogers by 54.5% during the 3rd quarter. KBC Group NV now owns 669 shares of the electronics maker’s stock valued at $76,000 after purchasing an additional 236 shares during the last quarter. Quest Partners LLC raised its holdings in shares of Rogers by 39,200.0% in the second quarter. Quest Partners LLC now owns 786 shares of the electronics maker’s stock worth $95,000 after buying an additional 784 shares during the last quarter. Central Pacific Bank Trust Division lifted its stake in shares of Rogers by 61.3% during the third quarter. Central Pacific Bank Trust Division now owns 1,000 shares of the electronics maker’s stock worth $113,000 after buying an additional 380 shares during the period. Algert Global LLC purchased a new stake in Rogers in the second quarter valued at approximately $204,000. Finally, FMR LLC increased its holdings in Rogers by 83.1% in the 3rd quarter. FMR LLC now owns 2,309 shares of the electronics maker’s stock worth $261,000 after buying an additional 1,048 shares during the period. 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.