Griffin Melaney Gappert Sells 191 Shares of Rogers Co. (NYSE:ROG) Stock

Rogers Co. (NYSE:ROG - Get Free Report) VP Griffin Melaney Gappert sold 191 shares of the firm's stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $124.44, for a total value of $23,768.04. Following the sale, the vice president now directly owns 3,700 shares in the company, valued at $460,428. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Rogers Stock Down 0.9 %

NYSE ROG traded down $1.16 on Tuesday, reaching $122.08. The company had a trading volume of 32,223 shares, compared to its average volume of 163,781. Rogers Co. has a 12 month low of $105.48 and a 12 month high of $169.47. The firm's 50 day moving average price is $121.14 and its 200 day moving average price is $117.83. The stock has a market capitalization of $2.28 billion, a PE ratio of 33.91 and a beta of 0.53.

Rogers (NYSE:ROG - Get Free Report) last announced its earnings results on Thursday, July 25th. The electronics maker reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.09. The firm had revenue of $214.20 million for the quarter, compared to analysts' expectations of $215.00 million. Rogers had a net margin of 6.75% and a return on equity of 4.67%. During the same period in the prior year, the company earned $1.07 EPS. On average, research analysts expect that Rogers Co. will post 3.04 EPS for the current year.

Institutional Trading of Rogers

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. raised its holdings in shares of Rogers by 2,926.3% in the first quarter. Bessemer Group Inc. now owns 575 shares of the electronics maker's stock worth $68,000 after buying an additional 556 shares during the period. Covestor Ltd boosted its holdings in shares of Rogers by 629.5% in the first quarter. Covestor Ltd now owns 766 shares of the electronics maker's stock valued at $91,000 after purchasing an additional 661 shares during the period. Central Pacific Bank Trust Division purchased a new position in Rogers during the 1st quarter worth $95,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Rogers during the 2nd quarter valued at $103,000. Finally, AdvisorNet Financial Inc lifted its holdings in shares of Rogers by 136,400.0% in the 1st quarter. AdvisorNet Financial Inc now owns 1,365 shares of the electronics maker's stock worth $162,000 after buying an additional 1,364 shares during the period. 96.02% of the stock is owned by hedge funds and other institutional investors.

Rogers Company 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.

Featured Articles

• Five stocks we like better than Rogers
• Airline Stocks - Top Airline Stocks to Buy Now
• AbbVie Analysts Lead the Stock Higher as Humira Worries Recede
• Dividend Payout Ratio Calculator
• Harley-Davidson Stock Revs Up With Billion Dollar Buyback Program
• How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
• Cruise Line Stock Sinks Despite Beating EPS and Raised Guidance

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

→ Elon to Transform U.S. Economy? (From Porter & Company) (Ad)

Should you invest $1,000 in Rogers right now?

Before you consider Rogers, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rogers wasn't on the list.

While Rogers currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here