Barclays PLC Boosts Holdings in Rogers Co. (NYSE:ROG)

Barclays PLC lifted its holdings in shares of Rogers Co. (NYSE:ROG) by 285.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,580 shares of the electronics maker’s stock after buying an additional 22,647 shares during the period. Barclays PLC owned about 0.16% of Rogers worth $3,457,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in shares of Rogers by 12.1% during the 2nd 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. State Street Corp raised its stake in Rogers by 1.2% during the third quarter. State Street Corp now owns 706,815 shares of the electronics maker’s stock worth $79,877,000 after purchasing an additional 8,402 shares during the period. Nuance Investments LLC boosted its holdings in Rogers by 70.2% in the third quarter. Nuance Investments LLC now owns 639,936 shares of the electronics maker’s stock valued at $72,319,000 after acquiring an additional 263,898 shares during the last quarter. Royce & Associates LP grew its holdings in shares of Rogers by 0.7% during the 3rd 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 period. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its stake in Rogers by 100.4% during 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 buying an additional 169,200 shares during the period. Institutional investors and hedge funds own 96.02% of the company’s stock.

Rogers Stock Performance

Shares of NYSE:ROG opened at $101.19 on Tuesday. The company has a market cap of $1.89 billion, a P/E ratio of 37.76 and a beta of 0.52. The business’s 50-day simple moving average is $104.21 and its 200 day simple moving average is $109.59. Rogers Co. has a one year low of $96.10 and a one year high of $137.35.

Rogers (NYSE:ROG) last posted its quarterly earnings results on Thursday, October 24th. The electronics maker reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.13. The firm had revenue of $210.30 million for the quarter, compared to analysts’ expectations of $220.20 million. Rogers had a net margin of 5.91% and a return on equity of 4.19%. During the same period in the prior year, the company posted $1.24 earnings per share. Analysts predict that Rogers Co. will post 2.71 earnings per share for the current year.

Insider Transactions at Rogers

In related news, SVP Michael Reed Webb sold 416 shares of the 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 transaction, the senior vice president now owns 4,400 shares in the company, valued at $478,808. This trade represents a 8.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.35% 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.