Rogers Co. (NYSE:ROG) Short Interest Update

Rogers Co. (NYSE:ROG) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totalling 571,600 shares, a decrease of 23.0% from the September 30th total of 742,500 shares. Based on an average daily trading volume, of 124,000 shares, the days-to-cover ratio is presently 4.6 days. Currently, 3.1% of the company’s shares are short sold.

Insider Activity

In related news, VP Brian Keith Larabee sold 600 shares of Rogers 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 $420,568.33. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.35% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Rogers

Several institutional investors and hedge funds have recently made changes to their positions in ROG. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Rogers during the 1st quarter worth approximately $2,257,000. Leeward Investments LLC MA acquired a new position in shares of Rogers during the first quarter valued at about $9,607,000. SG Americas Securities LLC bought a new position in shares of Rogers during the 2nd quarter worth about $4,001,000. Trillium Asset Management LLC grew its stake in shares of Rogers by 6.6% in the 1st quarter. Trillium Asset Management LLC now owns 81,651 shares of the electronics maker’s stock valued at $9,691,000 after buying an additional 5,037 shares during the period. Finally, Edgestream Partners L.P. grew its stake in shares of Rogers by 433.8% in the 1st quarter. Edgestream Partners L.P. now owns 11,956 shares of the electronics maker’s stock valued at $1,419,000 after buying an additional 9,716 shares during the period. Institutional investors own 96.02% of the company’s stock.

Rogers Stock Performance

Shares of ROG traded up $1.82 during mid-day trading on Friday, reaching $101.32. 244,188 shares of the company were exchanged, compared to its average volume of 150,811. The stock has a market capitalization of $1.89 billion, a PE ratio of 27.84 and a beta of 0.50. Rogers has a 52 week low of $96.10 and a 52 week high of $138.85. The business has a 50 day simple moving average of $104.46 and a two-hundred day simple moving average of $112.96.

Rogers (NYSE:ROG) last announced its earnings results on Thursday, October 24th. The electronics maker reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 6.75% and a return on equity of 4.67%. During the same quarter last year, the firm earned $1.24 earnings per share. On average, analysts predict that Rogers will post 3.04 EPS for the current year.

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.