Rogers Co. (NYSE:ROG) Shares Sold by Westport Asset Management Inc.

Westport Asset Management Inc. trimmed its position in Rogers Co. (NYSE:ROG) by 4.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,656 shares of the electronics maker’s stock after selling 1,000 shares during the period. Rogers accounts for about 1.1% of Westport Asset Management Inc.’s investment portfolio, making the stock its 27th biggest holding. Westport Asset Management Inc. owned about 0.12% of Rogers worth $2,447,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Asset Dedication LLC bought a new stake in shares of Rogers in the 2nd quarter worth approximately $25,000. Bessemer Group Inc. lifted its stake in Rogers by 2,926.3% in the first quarter. Bessemer Group Inc. now owns 575 shares of the electronics maker’s stock valued at $68,000 after buying an additional 556 shares during the last quarter. KBC Group NV boosted its holdings in shares of Rogers by 54.5% during the third quarter. KBC Group NV now owns 669 shares of the electronics maker’s stock valued at $76,000 after acquiring an additional 236 shares during the period. Quest Partners LLC grew its position in shares of Rogers by 39,200.0% during the second quarter. Quest Partners LLC now owns 786 shares of the electronics maker’s stock worth $95,000 after acquiring an additional 784 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Rogers in the 2nd quarter worth about $103,000. 96.02% of the stock is owned by institutional investors.

Insider Buying and Selling at Rogers

In other news, SVP Michael Reed Webb sold 416 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $108.82, for a total value of $45,269.12. Following the completion of the sale, the senior vice president now owns 4,400 shares in the company, valued at $478,808. This represents a 8.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.27% of the stock is owned by corporate insiders.

Rogers Stock Down 2.3 %

NYSE ROG traded down $2.48 on Tuesday, hitting $104.38. The stock had a trading volume of 9,706 shares, compared to its average volume of 149,154. The company’s 50-day moving average is $104.64 and its two-hundred day moving average is $111.55. Rogers Co. has a one year low of $96.10 and a one year high of $138.85. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 39.87 and a beta of 0.51.

Rogers (NYSE:ROG) last announced its earnings results on Thursday, October 24th. The electronics maker reported $0.98 earnings per share 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 the consensus estimate of $220.20 million. During the same quarter in the previous year, the business earned $1.24 EPS. On average, sell-side analysts anticipate that Rogers Co. will post 2.71 earnings per share for the current year.

Rogers 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.