Edgestream Partners L.P. Reduces Holdings in Rogers Co. (NYSE:ROG)

Edgestream Partners L.P. lowered its position in Rogers Co. (NYSE:ROG) by 78.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,604 shares of the electronics maker’s stock after selling 9,352 shares during the quarter. Edgestream Partners L.P.’s holdings in Rogers were worth $314,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in Rogers by 12.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 767,827 shares of the electronics maker’s stock valued at $92,609,000 after acquiring an additional 82,922 shares during the period. Envestnet Asset Management Inc. boosted its stake in Rogers by 7.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 19,595 shares of the electronics maker’s stock worth $2,363,000 after purchasing an additional 1,402 shares during the period. Wrapmanager Inc. grew its holdings in Rogers by 5.6% during the 2nd quarter. Wrapmanager Inc. now owns 2,732 shares of the electronics maker’s stock valued at $330,000 after buying an additional 145 shares in the last quarter. Nuance Investments LLC bought a new stake in shares of Rogers during the second quarter valued at about $45,354,000. Finally, American Century Companies Inc. lifted its holdings in shares of Rogers by 20.0% in the second quarter. American Century Companies Inc. now owns 21,460 shares of the electronics maker’s stock worth $2,588,000 after buying an additional 3,575 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Rogers

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 shares were sold at an average price of $123.37, for a total value of $74,022.00. Following the transaction, the vice president now directly owns 3,409 shares in the company, valued at $420,568.33. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.35% of the company’s stock.

Rogers Trading Up 0.0 %

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

Rogers (NYSE:ROG) last released its quarterly earnings results on Thursday, July 25th. The electronics maker reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.09. The firm had revenue of $214.20 million for the quarter, compared to analysts’ expectations of $215.00 million. Rogers had a net margin of 6.75% and a return on equity of 4.67%. During the same quarter in the prior year, the firm posted $1.07 earnings per share. On average, equities analysts forecast that Rogers Co. will post 3.04 earnings per share for the current fiscal year.

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.