Nuance Investments LLC Purchases 263,898 Shares of Rogers Co. (NYSE:ROG)

Nuance Investments LLC grew its position in shares of Rogers Co. (NYSE:ROG - Free Report) by 70.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 639,936 shares of the electronics maker's stock after acquiring an additional 263,898 shares during the quarter. Rogers comprises about 2.4% of Nuance Investments LLC's investment portfolio, making the stock its 15th largest holding. Nuance Investments LLC owned about 3.43% of Rogers worth $72,319,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. ProShare Advisors LLC grew its stake in shares of Rogers by 7.4% in the first quarter. ProShare Advisors LLC now owns 3,480 shares of the electronics maker's stock worth $413,000 after purchasing an additional 241 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Rogers by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 2,261,077 shares of the electronics maker's stock valued at $268,367,000 after purchasing an additional 61,598 shares during the period. Edgestream Partners L.P. raised its stake in shares of Rogers by 433.8% in the 1st quarter. Edgestream Partners L.P. now owns 11,956 shares of the electronics maker's stock worth $1,419,000 after buying an additional 9,716 shares in the last quarter. Covestor Ltd lifted its holdings in shares of Rogers by 629.5% in the first quarter. Covestor Ltd now owns 766 shares of the electronics maker's stock valued at $91,000 after buying an additional 661 shares during the period. Finally, Seven Eight Capital LP bought a new position in Rogers during the first quarter valued at about $323,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Rogers

In other Rogers news, SVP Michael Reed Webb sold 416 shares of the company's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $108.82, for a total value of $45,269.12. Following the transaction, the senior vice president now owns 4,400 shares in the company, valued at approximately $478,808. This represents a 8.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.27% of the stock is owned by insiders.

Rogers Price Performance

Shares of ROG traded up $1.58 during mid-day trading on Wednesday, hitting $102.58. The company's stock had a trading volume of 90,448 shares, compared to its average volume of 150,027. Rogers Co. has a fifty-two week low of $96.10 and a fifty-two week high of $138.85. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 38.28 and a beta of 0.51. The firm has a 50-day moving average price of $104.50 and a 200 day moving average price of $111.88.

Rogers (NYSE:ROG - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The electronics maker reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.85 by $0.13. Rogers had a return on equity of 4.19% and a net margin of 5.91%. The company had revenue of $210.30 million during the quarter, compared to the consensus estimate of $220.20 million. During the same quarter in the prior year, the firm earned $1.24 EPS. As a group, equities analysts anticipate that Rogers Co. will post 2.71 EPS 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.