Shares of Rogers Co. (NYSE:ROG) have been given an average recommendation of “Buy” by the seven research firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $161.67.
Several analysts recently issued reports on the company. Zacks Investment Research downgraded Rogers from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 4th. Needham & Company LLC reiterated a “buy” rating and issued a $165.00 price target on shares of Rogers in a report on Friday, November 3rd. ValuEngine downgraded Rogers from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, B. Riley increased their price target on Rogers from $147.00 to $180.00 and gave the company a “buy” rating in a report on Sunday, November 5th.
Shares of Rogers (ROG) traded up $2.01 during midday trading on Tuesday, reaching $171.93. The company had a trading volume of 45,241 shares, compared to its average volume of 173,519. Rogers has a 52-week low of $77.86 and a 52-week high of $184.00. The firm has a market cap of $3,100.01, a P/E ratio of 37.21 and a beta of 1.17. The company has a current ratio of 3.74, a quick ratio of 2.74 and a debt-to-equity ratio of 0.18.
Rogers (NYSE:ROG) last announced its quarterly earnings results on Thursday, November 2nd. The electronics maker reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.15. Rogers had a return on equity of 14.22% and a net margin of 10.88%. The firm had revenue of $206.80 million during the quarter, compared to the consensus estimate of $198.16 million. During the same period in the prior year, the firm earned $0.86 EPS. The firm’s quarterly revenue was up 25.1% compared to the same quarter last year. equities analysts predict that Rogers will post 5.85 earnings per share for the current fiscal year.
In other news, SVP Jeffrey M. Grudzien sold 1,888 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $158.27, for a total transaction of $298,813.76. Following the completion of the sale, the senior vice president now directly owns 24,192 shares in the company, valued at $3,828,867.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is owned by company insiders.
Institutional investors have recently made changes to their positions in the company. Aurora Investment Counsel acquired a new stake in shares of Rogers during the fourth quarter valued at about $2,013,000. New York State Common Retirement Fund grew its stake in Rogers by 36.3% in the third quarter. New York State Common Retirement Fund now owns 26,980 shares of the electronics maker’s stock worth $3,596,000 after purchasing an additional 7,180 shares in the last quarter. Sterling Capital Management LLC grew its stake in Rogers by 128.6% in the third quarter. Sterling Capital Management LLC now owns 27,717 shares of the electronics maker’s stock worth $3,694,000 after purchasing an additional 15,594 shares in the last quarter. Wells Fargo & Company MN grew its stake in Rogers by 6.1% in the third quarter. Wells Fargo & Company MN now owns 88,829 shares of the electronics maker’s stock worth $11,839,000 after purchasing an additional 5,113 shares in the last quarter. Finally, IndexIQ Advisors LLC grew its stake in Rogers by 83.5% in the third quarter. IndexIQ Advisors LLC now owns 10,092 shares of the electronics maker’s stock worth $1,345,000 after purchasing an additional 4,593 shares in the last quarter. Institutional investors own 93.00% of the company’s stock.
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Rogers Company Profile
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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