Front Street Capital Management Inc. Sells 12,731 Shares of Rogers Co. (NYSE:ROG)

Front Street Capital Management Inc. trimmed its holdings in Rogers Co. (NYSE:ROG) by 51.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,808 shares of the electronics maker’s stock after selling 12,731 shares during the quarter. Front Street Capital Management Inc. owned about 0.06% of Rogers worth $1,424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Public Sector Pension Investment Board increased its position in shares of Rogers by 7.6% during the second quarter. Public Sector Pension Investment Board now owns 36,949 shares of the electronics maker’s stock worth $4,456,000 after acquiring an additional 2,596 shares in the last quarter. Sei Investments Co. increased its holdings in Rogers by 10.0% in the 2nd quarter. Sei Investments Co. now owns 40,358 shares of the electronics maker’s stock worth $4,867,000 after acquiring an additional 3,667 shares during the last quarter. Granite Investment Partners LLC boosted its position in Rogers by 20.8% during the second quarter. Granite Investment Partners LLC now owns 97,963 shares of the electronics maker’s stock worth $11,815,000 after purchasing an additional 16,854 shares during the period. Intech Investment Management LLC bought a new position in Rogers during the second quarter worth about $860,000. Finally, XTX Topco Ltd bought a new position in Rogers during the second quarter worth about $410,000. 96.02% of the stock is currently owned by institutional investors.

Rogers Trading Up 0.0 %

ROG stock opened at $103.26 on Tuesday. The firm has a 50 day moving average of $110.11 and a 200-day moving average of $115.11. Rogers Co. has a 12 month low of $96.41 and a 12 month high of $138.85. The firm has a market capitalization of $1.93 billion, a P/E ratio of 28.37 and a beta of 0.49.

Rogers (NYSE:ROG) last announced its earnings results on Thursday, July 25th. The electronics maker reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.09. Rogers had a net margin of 6.75% and a return on equity of 4.67%. The business had revenue of $214.20 million during the quarter, compared to analyst estimates of $215.00 million. During the same period in the previous year, the business posted $1.07 earnings per share. Sell-side analysts predict that Rogers Co. will post 3.04 EPS for the current year.

Insiders Place Their Bets

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