Rogers (NYSE:ROG) Reaches New 12-Month Low – What’s Next?

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

Rogers Trading Up 1.8 %

The company has a market capitalization of $1.89 billion, a PE ratio of 27.84 and a beta of 0.50. The stock’s 50-day moving average is $104.46 and its two-hundred day moving average is $112.97.

Rogers (NYSE:ROG) last issued its quarterly earnings results on Thursday, July 25th. The electronics maker reported $0.69 earnings per share for the quarter, topping 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 firm had revenue of $214.20 million for the quarter, compared to the consensus estimate of $215.00 million. During the same period in the prior year, the business posted $1.07 earnings per share. On average, equities research analysts forecast that Rogers Co. will post 3.04 EPS for the current fiscal year.

Insider Activity at Rogers

In other news, VP Brian Keith Larabee sold 600 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $123.37, for a total value of $74,022.00. Following the transaction, the vice president now directly owns 3,409 shares in the company, valued at approximately $420,568.33. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.35% of the stock is owned by company insiders.

Institutional Trading of Rogers

Several institutional investors and hedge funds have recently modified their holdings of the stock. Roubaix Capital LLC purchased a new position in shares of Rogers during the third quarter valued at $1,346,000. Pinnacle Associates Ltd. grew its holdings in Rogers by 1.4% during the 3rd quarter. Pinnacle Associates Ltd. now owns 120,734 shares of the electronics maker’s stock worth $13,644,000 after acquiring an additional 1,704 shares in the last quarter. Hedges Asset Management LLC grew its holdings in Rogers by 23.8% during the 3rd quarter. Hedges Asset Management LLC now owns 2,600 shares of the electronics maker’s stock worth $294,000 after acquiring an additional 500 shares in the last quarter. Creative Planning increased its position in Rogers by 26.1% during the 3rd quarter. Creative Planning now owns 5,531 shares of the electronics maker’s stock valued at $625,000 after purchasing an additional 1,144 shares during the period. Finally, Procyon Advisors LLC raised its holdings in shares of Rogers by 22.5% in the 3rd quarter. Procyon Advisors LLC now owns 2,777 shares of the electronics maker’s stock valued at $314,000 after purchasing an additional 510 shares in the last quarter. 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.