Dimensional Fund Advisors LP Grows Stock Holdings in Rogers Co. (NYSE:ROG)

Dimensional Fund Advisors LP boosted its holdings in Rogers Co. (NYSE:ROG) by 12.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 767,827 shares of the electronics maker’s stock after buying an additional 82,922 shares during the quarter. Dimensional Fund Advisors LP owned approximately 4.12% of Rogers worth $92,609,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Teacher Retirement System of Texas raised its position in shares of Rogers by 60.7% during the 4th quarter. Teacher Retirement System of Texas now owns 3,332 shares of the electronics maker’s stock worth $440,000 after acquiring an additional 1,259 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in Rogers during the fourth quarter worth approximately $470,000. US Bancorp DE lifted its position in shares of Rogers by 1.3% during the 4th quarter. US Bancorp DE now owns 7,307 shares of the electronics maker’s stock worth $965,000 after buying an additional 94 shares during the last quarter. ACK Asset Management LLC boosted its holdings in shares of Rogers by 10.9% in the 4th quarter. ACK Asset Management LLC now owns 410,200 shares of the electronics maker’s stock valued at $54,175,000 after buying an additional 40,200 shares in the last quarter. Finally, Capital Research Global Investors grew its position in shares of Rogers by 2.8% in the 4th quarter. Capital Research Global Investors now owns 1,461,059 shares of the electronics maker’s stock valued at $192,962,000 after buying an additional 39,116 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Brian Keith Larabee sold 600 shares of the stock in a transaction 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 completion of the sale, the vice president now owns 3,409 shares in the company, valued at approximately $420,568.33. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.35% of the company’s stock.

Rogers Price Performance

Shares of ROG opened at $104.78 on Wednesday. Rogers Co. has a 1-year low of $96.41 and a 1-year high of $138.85. The stock has a market cap of $1.95 billion, a PE ratio of 28.79 and a beta of 0.49. The firm has a fifty day moving average price of $109.54 and a 200 day moving average price of $115.03.

Rogers (NYSE:ROG) last announced its earnings results on Thursday, July 25th. The electronics maker reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.09. The firm had revenue of $214.20 million during the quarter, compared to analysts’ expectations of $215.00 million. Rogers had a return on equity of 4.67% and a net margin of 6.75%. During the same period in the prior year, the firm earned $1.07 EPS. As a group, equities analysts expect that Rogers Co. will post 3.04 EPS for the current fiscal 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, renewable energy, aerospace and defense, mass transit, industrial, connected devices, and wired infrastructure.