Oddo BHF Asset Management Sas Makes New Investment in Rogers Co. (NYSE:ROG)

Oddo BHF Asset Management Sas acquired a new stake in shares of Rogers Co. (NYSE:ROG - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 155,000 shares of the electronics maker's stock, valued at approximately $17,517,000. Rogers accounts for 0.9% of Oddo BHF Asset Management Sas' portfolio, making the stock its 29th biggest position. Oddo BHF Asset Management Sas owned about 0.83% of Rogers at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Diversified Trust Co boosted its position in shares of Rogers by 9.2% during the 2nd quarter. Diversified Trust Co now owns 2,684 shares of the electronics maker's stock valued at $324,000 after purchasing an additional 227 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in Rogers in the second quarter worth approximately $217,000. AdvisorNet Financial Inc increased its holdings in shares of Rogers by 60.7% in the second quarter. AdvisorNet Financial Inc now owns 2,194 shares of the electronics maker's stock valued at $265,000 after buying an additional 829 shares in the last quarter. Raymond James & Associates acquired a new stake in shares of Rogers during the 2nd quarter valued at $3,720,000. Finally, Leeward Investments LLC MA boosted its stake in shares of Rogers by 42.6% during the 2nd quarter. Leeward Investments LLC MA now owns 115,382 shares of the electronics maker's stock worth $13,916,000 after acquiring an additional 34,441 shares in the last quarter. Institutional investors own 96.02% of the company's stock.

Insider Activity

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. 1.35% of the stock is owned by corporate insiders.

Rogers Trading Down 1.7 %

Shares of Rogers stock traded down $1.82 on Friday, reaching $104.89. 101,240 shares of the company were exchanged, compared to its average volume of 147,908. Rogers Co. has a fifty-two week low of $96.10 and a fifty-two week high of $138.85. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 39.14 and a beta of 0.52. The stock has a fifty day moving average price of $104.33 and a 200-day moving average price of $110.44.

Rogers (NYSE:ROG - Get Free Report) last posted 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. The company had revenue of $210.30 million during the quarter, compared to analyst estimates 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 firm earned $1.24 earnings per share. On average, equities analysts anticipate that Rogers Co. will post 2.71 earnings per share for the current fiscal year.

Rogers Company 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.