Inspire Investing LLC Sells 99 Shares of Rogers Co. (NYSE:ROG)

Inspire Investing LLC cut its stake in shares of Rogers Co. (NYSE:ROG) by 2.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,261 shares of the electronics maker’s stock after selling 99 shares during the quarter. Inspire Investing LLC’s holdings in Rogers were worth $393,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in ROG. US Bancorp DE lifted its holdings in Rogers by 1.3% during the 4th quarter. US Bancorp DE now owns 7,307 shares of the electronics maker’s stock valued at $965,000 after purchasing an additional 94 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Rogers by 1.2% during the second quarter. Nisa Investment Advisors LLC now owns 7,865 shares of the electronics maker’s stock worth $949,000 after buying an additional 94 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Rogers by 2.1% in the second quarter. Arizona State Retirement System now owns 4,700 shares of the electronics maker’s stock valued at $567,000 after acquiring an additional 95 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Rogers by 1.2% in the second quarter. Louisiana State Employees Retirement System now owns 8,400 shares of the electronics maker’s stock valued at $1,013,000 after acquiring an additional 100 shares during the last quarter. Finally, Bridge City Capital LLC boosted its holdings in shares of Rogers by 0.8% in the 1st quarter. Bridge City Capital LLC now owns 17,271 shares of the electronics maker’s stock worth $2,050,000 after acquiring an additional 136 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Insiders Place Their Bets

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

Rogers Price Performance

ROG stock opened at $103.23 on Friday. The business has a fifty day moving average price of $110.61 and a 200 day moving average price of $115.13. Rogers Co. has a fifty-two week low of $96.41 and a fifty-two week high of $138.85. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of 28.36 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 for the quarter, beating analysts’ consensus estimates of $0.60 by $0.09. The company had revenue of $214.20 million during the quarter, compared to analyst estimates of $215.00 million. Rogers had a return on equity of 4.67% and a net margin of 6.75%. During the same period last year, the company posted $1.07 earnings per share. On average, equities analysts expect that Rogers Co. will post 3.04 earnings per share for the current fiscal 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.