Redwood Investment Management LLC Increases Stock Holdings in Rogers Co. (NYSE:ROG)

Redwood Investment Management LLC increased its holdings in Rogers Co. (NYSE:ROG) by 4.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,618 shares of the electronics maker’s stock after buying an additional 216 shares during the period. Redwood Investment Management LLC’s holdings in Rogers were worth $509,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its holdings in shares of Rogers by 12.1% in the second quarter. Dimensional Fund Advisors LP now owns 767,827 shares of the electronics maker’s stock valued at $92,609,000 after purchasing an additional 82,922 shares in the last quarter. Nuance Investments LLC grew its holdings in Rogers by 70.2% during the 3rd quarter. Nuance Investments LLC now owns 639,936 shares of the electronics maker’s stock valued at $72,319,000 after buying an additional 263,898 shares during the last quarter. Royce & Associates LP increased its position in Rogers by 0.7% during the third quarter. Royce & Associates LP now owns 543,946 shares of the electronics maker’s stock worth $61,471,000 after buying an additional 3,584 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Rogers by 100.4% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 337,700 shares of the electronics maker’s stock worth $40,730,000 after acquiring an additional 169,200 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Rogers by 5.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 229,603 shares of the electronics maker’s stock valued at $25,947,000 after acquiring an additional 11,876 shares in the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Rogers

In related news, SVP Michael Reed Webb sold 416 shares of the stock in a transaction dated 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 directly owns 4,400 shares in the company, valued at approximately $478,808. This represents a 8.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.35% of the company’s stock.

Rogers Trading Down 0.1 %

Rogers stock opened at $104.92 on Friday. The stock has a 50-day moving average price of $104.48 and a 200 day moving average price of $110.71. Rogers Co. has a 52 week low of $96.10 and a 52 week high of $138.85. The stock has a market cap of $1.96 billion, a PE ratio of 39.15 and a beta of 0.52.

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

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.