Mutual of America Capital Management LLC Decreases Stake in Rogers Co. (NYSE:ROG)

Mutual of America Capital Management LLC reduced its stake in shares of Rogers Co. (NYSE:ROG) by 7.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,546 shares of the electronics maker’s stock after selling 214 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Rogers were worth $288,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in Rogers by 12.1% during the second quarter. Dimensional Fund Advisors LP now owns 767,827 shares of the electronics maker’s stock worth $92,609,000 after purchasing an additional 82,922 shares in 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 purchasing an additional 3,584 shares during the last quarter. Nuance Investments LLC purchased a new position in shares of Rogers in the 2nd quarter worth about $45,354,000. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Rogers by 100.4% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 337,700 shares of the electronics maker’s stock valued at $40,730,000 after acquiring an additional 169,200 shares during the period. Finally, Pinnacle Associates Ltd. grew its stake in shares of Rogers by 1.4% in the third quarter. Pinnacle Associates Ltd. now owns 120,734 shares of the electronics maker’s stock valued at $13,644,000 after buying an additional 1,704 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Insider Buying and Selling at Rogers

In related news, SVP Michael Reed Webb sold 416 shares of Rogers 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 of the company’s stock, valued at $478,808. The trade was a 8.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.35% of the stock is owned by company insiders.

Rogers Stock Performance

Shares of ROG opened at $102.94 on Friday. Rogers Co. has a one year low of $96.10 and a one year high of $138.85. The company has a market capitalization of $1.92 billion, a P/E ratio of 38.41 and a beta of 0.51. The stock has a 50-day moving average price of $104.56 and a 200 day moving average price of $111.36.

Rogers (NYSE:ROG) last issued its earnings results on Thursday, October 24th. The electronics maker reported $0.98 EPS for the quarter, topping the consensus estimate of $0.85 by $0.13. The company had revenue of $210.30 million during the quarter, compared to analyst estimates of $220.20 million. Rogers had a return on equity of 4.19% and a net margin of 5.91%. During the same quarter last year, the firm earned $1.24 EPS. As a group, equities research analysts forecast that Rogers Co. will post 2.71 earnings per share for the current fiscal year.

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.