Rogers Co. (NYSE:ROG – Get Rating) rose 4.5% during mid-day trading on Wednesday following insider buying activity. The stock traded as high as $104.46 and last traded at $104.41. Approximately 3,191 shares changed hands during mid-day trading, a decline of 100% from the average daily volume of 884,333 shares. The stock had previously closed at $99.90.Specifically, Director Jeffrey J. Owens purchased 1,000 shares of Rogers stock in a transaction dated Tuesday, November 22nd. The shares were bought at an average cost of $100.75 per share, for a total transaction of $100,750.00. Following the completion of the acquisition, the director now owns 6,850 shares in the company, valued at approximately $690,137.50. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.90% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Separately, StockNews.com lowered Rogers from a “hold” rating to a “sell” rating in a research report on Saturday.
Rogers Price Performance
The company has a quick ratio of 3.36, a current ratio of 4.62 and a debt-to-equity ratio of 0.27. The business has a 50-day moving average price of $199.45 and a two-hundred day moving average price of $239.92. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 26.22 and a beta of 1.22.
Institutional Investors Weigh In On Rogers
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Teachers Retirement System of The State of Kentucky purchased a new stake in Rogers in the 3rd quarter valued at $1,389,000. Westchester Capital Management LLC boosted its stake in Rogers by 41.1% in the 3rd quarter. Westchester Capital Management LLC now owns 391,236 shares of the electronics maker’s stock worth $94,631,000 after purchasing an additional 114,031 shares during the period. Captrust Financial Advisors boosted its stake in Rogers by 9.4% in the 3rd quarter. Captrust Financial Advisors now owns 1,686 shares of the electronics maker’s stock worth $408,000 after purchasing an additional 145 shares during the period. BNP Paribas Arbitrage SNC boosted its stake in Rogers by 31.6% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 6,886 shares of the electronics maker’s stock worth $1,666,000 after purchasing an additional 1,654 shares during the period. Finally, Nomura Holdings Inc. purchased a new stake in shares of Rogers in the 3rd quarter valued at about $1,915,000. 88.30% of the stock is owned by hedge funds and other institutional investors.
Rogers Company Profile
Rogers Corporation designs, develops, manufactures, and sells 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 markets.