Rogers (NYSE:ROG) Hits New 52-Week Low at $105.31

Rogers Co. (NYSE:ROG)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as $105.31 and last traded at $106.13, with a volume of 5499 shares trading hands. The stock had previously closed at $111.14.

Rogers Stock Down 2.3 %

The firm has a market cap of $2.02 billion, a P/E ratio of 30.53 and a beta of 0.53. The stock’s 50-day moving average is $121.20 and its 200-day moving average is $117.93.

Rogers (NYSE:ROG) last issued its earnings results on Thursday, July 25th. The electronics maker reported $0.69 EPS for the quarter, beating the consensus estimate of $0.60 by $0.09. The company had revenue of $214.20 million for the quarter, compared to the consensus estimate of $215.00 million. Rogers had a net margin of 6.75% and a return on equity of 4.67%. During the same quarter in the previous year, the company earned $1.07 EPS. As a group, analysts expect that Rogers Co. will post 3.04 EPS for the current fiscal year.

Insider Buying and Selling

In other news, VP Brian Keith Larabee sold 600 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $123.37, for a total value of $74,022.00. Following the completion of the sale, the vice president now owns 3,409 shares of the company’s stock, valued at approximately $420,568.33. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.35% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ROG. Vanguard Group Inc. boosted its holdings in shares of Rogers by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 2,261,077 shares of the electronics maker’s stock worth $268,367,000 after buying an additional 61,598 shares in the last quarter. Norges Bank bought a new position in Rogers in the 4th quarter worth about $197,159,000. Capital Research Global Investors boosted its stake in Rogers by 2.8% in the 4th quarter. Capital Research Global Investors now owns 1,461,059 shares of the electronics maker’s stock worth $192,962,000 after purchasing an additional 39,116 shares during the period. Victory Capital Management Inc. boosted its stake in Rogers by 12.1% in the 4th quarter. Victory Capital Management Inc. now owns 758,251 shares of the electronics maker’s stock worth $100,142,000 after purchasing an additional 81,771 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Rogers by 7.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 653,201 shares of the electronics maker’s stock valued at $86,270,000 after acquiring an additional 43,086 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.

About Rogers

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.