KBC Group NV Buys 236 Shares of Rogers Co. (NYSE:ROG)

KBC Group NV lifted its stake in shares of Rogers Co. (NYSE:ROG) by 54.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 669 shares of the electronics maker’s stock after purchasing an additional 236 shares during the period. KBC Group NV’s holdings in Rogers were worth $76,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. acquired a new position in shares of Rogers in the third quarter valued at $388,000. Roubaix Capital LLC bought a new stake in Rogers during the third quarter worth about $1,346,000. Pinnacle Associates Ltd. grew its stake in Rogers by 1.4% during the third quarter. Pinnacle Associates Ltd. now owns 120,734 shares of the electronics maker’s stock worth $13,644,000 after buying an additional 1,704 shares in the last quarter. Hedges Asset Management LLC increased its holdings in Rogers by 23.8% in the 3rd quarter. Hedges Asset Management LLC now owns 2,600 shares of the electronics maker’s stock valued at $294,000 after buying an additional 500 shares during the period. Finally, Creative Planning raised its position in shares of Rogers by 26.1% in the 3rd quarter. Creative Planning now owns 5,531 shares of the electronics maker’s stock valued at $625,000 after buying an additional 1,144 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Insider Buying and Selling

In other Rogers news, SVP Michael Reed Webb sold 416 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $108.82, for a total transaction of $45,269.12. Following the sale, the senior vice president now owns 4,400 shares of the company’s stock, valued at approximately $478,808. The trade was a 8.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.35% of the stock is owned by corporate insiders.

Rogers Price Performance

NYSE ROG opened at $106.01 on Friday. The business has a fifty day moving average price of $104.57 and a two-hundred day moving average price of $111.83. The stock has a market capitalization of $1.98 billion, a PE ratio of 39.53 and a beta of 0.51. Rogers Co. has a fifty-two week low of $96.10 and a fifty-two week high of $138.85.

Rogers (NYSE:ROG) last announced its quarterly earnings data on Thursday, October 24th. The electronics maker reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.13. The business had revenue of $210.30 million during the quarter, compared to the consensus estimate of $220.20 million. Rogers had a return on equity of 4.19% and a net margin of 5.91%. During the same period in the prior year, the company earned $1.24 EPS. As a group, sell-side analysts expect that Rogers Co. will post 2.71 earnings per share for the current 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.