Rogers (NYSE:ROG) Reaches New 12-Month Low - What's Next?

Rogers Co. (NYSE:ROG - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $95.90 and last traded at $95.95, with a volume of 5033 shares traded. The stock had previously closed at $98.43.

Rogers Trading Down 3.0 %

The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 35.64 and a beta of 0.53. The stock's 50-day moving average price is $103.93 and its 200-day moving average price is $108.03.

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, topping the consensus estimate of $0.85 by $0.13. The company had revenue of $210.30 million during the quarter, compared to the consensus estimate of $220.20 million. Rogers had a net margin of 5.91% and a return on equity of 4.19%. During the same quarter last year, the firm posted $1.24 EPS. As a group, analysts predict that Rogers Co. will post 2.71 earnings per share for the current year.

Insider Transactions at Rogers

In related news, SVP Michael Reed Webb sold 416 shares of Rogers stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $108.82, for a total transaction of $45,269.12. Following the transaction, the senior vice president now owns 4,400 shares of the company's stock, valued at $478,808. The trade was a 8.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.35% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ROG. Geode Capital Management LLC boosted its position in Rogers by 1.3% in the third quarter. Geode Capital Management LLC now owns 411,048 shares of the electronics maker's stock worth $46,461,000 after purchasing an additional 5,164 shares during the last quarter. Invenomic Capital Management LP bought a new stake in Rogers in the 3rd quarter valued at about $3,057,000. Jane Street Group LLC lifted its holdings in Rogers by 46.8% during the third quarter. Jane Street Group LLC now owns 27,011 shares of the electronics maker's stock valued at $3,053,000 after purchasing an additional 8,615 shares during the last quarter. Granite Investment Partners LLC boosted its position in Rogers by 20.8% during the second quarter. Granite Investment Partners LLC now owns 97,963 shares of the electronics maker's stock worth $11,815,000 after purchasing an additional 16,854 shares during the period. Finally, Texas Permanent School Fund Corp raised its stake in shares of Rogers by 34.1% during the 2nd quarter. Texas Permanent School Fund Corp now owns 19,669 shares of the electronics maker's stock valued at $2,372,000 after purchasing an additional 5,005 shares during the period. 96.02% of the stock is owned by institutional investors.

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.