155,000 Shares in Rogers Co. (NYSE:ROG) Bought by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas acquired a new stake in shares of Rogers Co. (NYSE:ROG) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 155,000 shares of the electronics maker’s stock, valued at approximately $17,517,000. Rogers comprises about 0.9% of Oddo BHF Asset Management Sas’ portfolio, making the stock its 29th biggest holding.

Several other hedge funds also recently added to or reduced their stakes in ROG. Geode Capital Management LLC lifted its position in shares of Rogers by 1.3% during 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. Barclays PLC raised its stake in Rogers by 285.5% during the third quarter. Barclays PLC now owns 30,580 shares of the electronics maker’s stock valued at $3,457,000 after buying an additional 22,647 shares in the last quarter. XTX Topco Ltd lifted its holdings in Rogers by 51.9% during the 3rd quarter. XTX Topco Ltd now owns 5,165 shares of the electronics maker’s stock worth $584,000 after buying an additional 1,764 shares during the last quarter. Jane Street Group LLC grew its position in shares of Rogers by 46.8% in the 3rd quarter. Jane Street Group LLC now owns 27,011 shares of the electronics maker’s stock worth $3,053,000 after acquiring an additional 8,615 shares in the last quarter. Finally, Weiss Asset Management LP bought a new stake in shares of Rogers in the 3rd quarter valued at approximately $3,381,000. 96.02% of the stock is owned by institutional investors and hedge funds.

Rogers Price Performance

Shares of ROG opened at $106.71 on Friday. The stock has a market capitalization of $1.99 billion, a PE ratio of 39.82 and a beta of 0.52. The business’s fifty day moving average price is $104.33 and its 200 day moving average price is $110.44. Rogers Co. has a 12-month low of $96.10 and a 12-month high of $138.85.

Rogers (NYSE:ROG) last posted its quarterly earnings results on Thursday, October 24th. The electronics maker reported $0.98 EPS for the quarter, beating the consensus estimate of $0.85 by $0.13. Rogers had a net margin of 5.91% and a return on equity of 4.19%. The business had revenue of $210.30 million during the quarter, compared to analyst estimates of $220.20 million. During the same period in the previous year, the business posted $1.24 EPS. As a group, research analysts anticipate that Rogers Co. will post 2.71 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Michael Reed Webb sold 416 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $108.82, for a total value of $45,269.12. Following the sale, the senior vice president now owns 4,400 shares of the company’s stock, valued at $478,808. This trade represents a 8.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.35% of the company’s stock.

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, renewable energy, aerospace and defense, mass transit, industrial, connected devices, and wired infrastructure.