Shares of Rogers Corporation (NYSE:ROG) have received a consensus rating of “Buy” from the eight research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $135.67.
A number of research firms have recently commented on ROG. Zacks Investment Research downgraded shares of Rogers Corporation from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. Needham & Company LLC reissued a “buy” rating and set a $135.00 price target (up from $115.00) on shares of Rogers Corporation in a report on Wednesday, August 2nd. B. Riley reissued a “buy” rating and set a $147.00 price target on shares of Rogers Corporation in a report on Saturday, August 5th. Finally, BidaskClub raised shares of Rogers Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 12th.
In other Rogers Corporation news, SVP Robert C. Daigle sold 4,485 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $121.52, for a total value of $545,017.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jeffrey M. Grudzien sold 3,042 shares of the firm’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $114.08, for a total transaction of $347,031.36. Following the completion of the sale, the senior vice president now owns 28,022 shares of the company’s stock, valued at approximately $3,196,749.76. The disclosure for this sale can be found here. Insiders have sold a total of 40,466 shares of company stock valued at $5,189,628 over the last three months. 1.50% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of ROG. SG Americas Securities LLC acquired a new stake in Rogers Corporation in the 1st quarter valued at about $106,000. Ameritas Investment Partners Inc. acquired a new stake in Rogers Corporation in the 1st quarter valued at about $123,000. Creative Planning increased its position in Rogers Corporation by 6,455.6% in the 2nd quarter. Creative Planning now owns 1,180 shares of the electronics maker’s stock valued at $128,000 after acquiring an additional 1,162 shares in the last quarter. Victory Capital Management Inc. increased its position in Rogers Corporation by 17.5% in the 2nd quarter. Victory Capital Management Inc. now owns 1,414 shares of the electronics maker’s stock valued at $154,000 after acquiring an additional 211 shares in the last quarter. Finally, Riverhead Capital Management LLC increased its position in Rogers Corporation by 87.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,499 shares of the electronics maker’s stock valued at $163,000 after acquiring an additional 699 shares in the last quarter. Hedge funds and other institutional investors own 92.89% of the company’s stock.
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Shares of Rogers Corporation (NYSE:ROG) traded up 0.33% during midday trading on Friday, hitting $138.91. 67,169 shares of the company were exchanged. The stock has a market cap of $2.52 billion, a PE ratio of 33.50 and a beta of 1.16. The stock’s 50-day moving average is $127.48 and its 200-day moving average is $111.47. Rogers Corporation has a one year low of $51.98 and a one year high of $139.98.
Rogers Corporation (NYSE:ROG) last released its quarterly earnings data on Monday, July 31st. The electronics maker reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.13. The company had revenue of $201.40 million during the quarter, compared to the consensus estimate of $195.60 million. Rogers Corporation had a net margin of 10.21% and a return on equity of 13.28%. The firm’s revenue for the quarter was up 27.9% compared to the same quarter last year. During the same period last year, the firm earned $0.88 EPS. Equities research analysts anticipate that Rogers Corporation will post $5.55 EPS for the current year.
About Rogers Corporation
Rogers Corporation manufactures and sells engineered materials and components for mission critical applications. The Company’s segments are Advanced Connectivity Solutions (ACS), Elastomeric Material Solutions (EMS), Power Electronics Solutions (PES) and Other. The ACS segment manufactures and sells circuit materials and solutions for applications in wireless communications infrastructure, automotive, connected devices, consumer electronics and aerospace/defense.
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