Front Street Capital Management Inc. Has $1.42 Million Stock Position in Rogers Co. (NYSE:ROG)

Front Street Capital Management Inc. reduced its position in Rogers Co. (NYSE:ROG - Free Report) by 51.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 11,808 shares of the electronics maker's stock after selling 12,731 shares during the period. Front Street Capital Management Inc. owned 0.06% of Rogers worth $1,424,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in ROG. Vanguard Group Inc. lifted its stake in shares of Rogers by 2.8% in 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. Capital Research Global Investors grew its position in shares of Rogers by 2.8% during the 4th quarter. Capital Research Global Investors now owns 1,461,059 shares of the electronics maker's stock worth $192,962,000 after buying an additional 39,116 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Rogers by 12.1% in 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 last quarter. ACK Asset Management LLC raised its position in shares of Rogers by 10.9% in the 4th quarter. ACK Asset Management LLC now owns 410,200 shares of the electronics maker's stock valued at $54,175,000 after acquiring an additional 40,200 shares during the period. Finally, Nuance Investments LLC acquired a new stake in shares of Rogers in the 2nd quarter valued at approximately $45,354,000. Institutional investors own 96.02% of the company's stock.

Rogers Stock Up 1.5 %

NYSE ROG traded up $1.58 during trading on Tuesday, reaching $104.78. 115,222 shares of the stock traded hands, compared to its average volume of 152,768. Rogers Co. has a fifty-two week low of $96.41 and a fifty-two week high of $138.85. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 28.37 and a beta of 0.49. The stock's 50-day moving average price is $110.11 and its 200 day moving average price is $115.11.

Rogers (NYSE:ROG - Get Free Report) last announced its quarterly earnings results on Thursday, July 25th. The electronics maker reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 6.75% and a return on equity of 4.67%. During the same quarter in the previous year, the business earned $1.07 EPS. Analysts anticipate that Rogers Co. will post 3.04 EPS for the current fiscal year.

Insiders Place Their Bets

In other Rogers news, VP Brian Keith Larabee sold 600 shares of the firm'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 transaction of $74,022.00. Following the sale, the vice president now directly owns 3,409 shares in the company, valued at approximately $420,568.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate 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.