Procyon Advisors LLC Grows Holdings in Rogers Co. (NYSE:ROG)

Procyon Advisors LLC lifted its stake in shares of Rogers Co. (NYSE:ROG) by 11.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,108 shares of the electronics maker’s stock after buying an additional 331 shares during the quarter. Procyon Advisors LLC’s holdings in Rogers were worth $316,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in shares of Rogers by 29.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 77,211 shares of the electronics maker’s stock worth $8,726,000 after acquiring an additional 17,648 shares during the period. Geode Capital Management LLC boosted its position in shares of Rogers by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 411,048 shares of the electronics maker’s stock valued at $46,461,000 after purchasing an additional 5,164 shares in the last quarter. Invenomic Capital Management LP bought a new stake in shares of Rogers in the 3rd quarter worth approximately $3,057,000. Jane Street Group LLC lifted its stake in Rogers by 46.8% during the third quarter. Jane Street Group LLC now owns 27,011 shares of the electronics maker’s stock valued at $3,053,000 after purchasing an additional 8,615 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Rogers by 5.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 229,603 shares of the electronics maker’s stock worth $25,947,000 after buying an additional 11,876 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.

Rogers Stock Performance

NYSE ROG opened at $95.62 on Monday. The stock has a market capitalization of $1.78 billion, a P/E ratio of 35.68 and a beta of 0.53. The business’s fifty day moving average is $102.53 and its two-hundred day moving average is $106.84. Rogers Co. has a 1 year low of $93.81 and a 1 year high of $134.07.

Rogers (NYSE:ROG) last announced its 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. The business had revenue of $210.30 million during the quarter, compared to the consensus estimate of $220.20 million. Rogers had a return on equity of 4.19% and a net margin of 5.91%. During the same period in the prior year, the business posted $1.24 earnings per share. On average, research analysts forecast that Rogers Co. will post 2.71 earnings per share for the current year.

Insider Transactions at Rogers

In related news, SVP Michael Reed Webb sold 416 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $108.82, for a total value of $45,269.12. Following the completion of the transaction, the senior vice president now owns 4,400 shares of the company’s stock, valued at approximately $478,808. This trade represents a 8.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.27% of the stock is currently owned by insiders.

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.