Edgestream Partners L.P. Takes $1.55 Million Position in Rogers Co. (NYSE:ROG)

Edgestream Partners L.P. acquired a new stake in shares of Rogers Co. (NYSE:ROG) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 9,540 shares of the electronics maker’s stock, valued at approximately $1,545,000. Edgestream Partners L.P. owned 0.05% of Rogers as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc raised its stake in shares of Rogers by 272.1% during the second quarter. Versant Capital Management Inc now owns 160 shares of the electronics maker’s stock valued at $26,000 after purchasing an additional 117 shares during the period. Belpointe Asset Management LLC grew its position in shares of Rogers by 115.8% during the first quarter. Belpointe Asset Management LLC now owns 164 shares of the electronics maker’s stock worth $27,000 after buying an additional 88 shares in the last quarter. Signaturefd LLC grew its position in shares of Rogers by 1,028.6% during the first quarter. Signaturefd LLC now owns 237 shares of the electronics maker’s stock worth $39,000 after buying an additional 216 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Rogers by 80.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 450 shares of the electronics maker’s stock worth $73,000 after buying an additional 201 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Rogers during the first quarter worth approximately $93,000. Hedge funds and other institutional investors own 88.85% of the company’s stock.

Insiders Place Their Bets

In other Rogers news, VP Brian Keith Larabee sold 300 shares of Rogers stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $138.47, for a total value of $41,541.00. Following the completion of the transaction, the vice president now owns 2,888 shares of the company’s stock, valued at $399,901.36. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.35% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Rogers in a research report on Thursday, October 5th. They set a “hold” rating for the company.

Rogers Stock Performance

Rogers stock opened at $132.76 on Tuesday. The company has a market cap of $2.47 billion, a PE ratio of 24.72 and a beta of 0.93. The company has a fifty day moving average price of $127.92 and a two-hundred day moving average price of $145.79. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.78 and a quick ratio of 3.42. Rogers Co. has a 12 month low of $98.45 and a 12 month high of $173.16.

Rogers (NYSE:ROG) last released its quarterly earnings data on Thursday, October 26th. The electronics maker reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.09. The firm had revenue of $229.15 million during the quarter, compared to the consensus estimate of $235.00 million. Rogers had a net margin of 10.86% and a return on equity of 6.62%. Research analysts expect that Rogers Co. will post 4.19 earnings per share for the current 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, telematics and thermal solutions, aerospace and defense, mass transit, clean energy, connected devices, and wired infrastructure.