Rogers (ROG) Upgraded by ValuEngine to Hold

ValuEngine upgraded shares of Rogers (NYSE:ROG) from a sell rating to a hold rating in a research report sent to investors on Monday morning.

ROG has been the subject of several other reports. Zacks Investment Research lowered Rogers from a hold rating to a sell rating in a report on Friday, March 2nd. Needham & Company LLC reiterated a buy rating and set a $175.00 price objective (down from $180.00) on shares of Rogers in a report on Thursday, March 1st. Finally, B. Riley cut their price objective on Rogers from $180.00 to $155.00 and set a buy rating for the company in a report on Friday, April 27th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. Rogers presently has an average rating of Buy and an average price target of $156.50.

ROG opened at $118.74 on Monday. The firm has a market capitalization of $2.11 billion, a PE ratio of 20.61 and a beta of 1.51. Rogers has a 12-month low of $115.14 and a 12-month high of $117.87. The company has a quick ratio of 3.68, a current ratio of 4.76 and a debt-to-equity ratio of 0.17.

Rogers (NYSE:ROG) last released its earnings results on Thursday, April 26th. The electronics maker reported $1.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.39 by $0.09. The company had revenue of $214.61 million during the quarter, compared to analyst estimates of $212.07 million. Rogers had a return on equity of 13.71% and a net margin of 9.56%. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.68 earnings per share. sell-side analysts anticipate that Rogers will post 5.88 EPS for the current fiscal year.

In other Rogers news, SVP Jeffrey M. Grudzien sold 1,430 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $155.83, for a total transaction of $222,836.90. Following the transaction, the senior vice president now directly owns 23,293 shares of the company’s stock, valued at $3,629,748.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Janice E. Stipp sold 9,392 shares of the stock in a transaction on Tuesday, May 1st. The stock was sold at an average price of $109.00, for a total transaction of $1,023,728.00. Following the transaction, the chief financial officer now directly owns 17,666 shares in the company, valued at $1,925,594. The disclosure for this sale can be found here. Insiders have sold 21,578 shares of company stock worth $2,458,036 over the last three months. Company insiders own 0.96% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Rogers by 59.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 916 shares of the electronics maker’s stock valued at $148,000 after purchasing an additional 340 shares during the last quarter. LPL Financial LLC acquired a new stake in shares of Rogers in the fourth quarter valued at about $201,000. LS Investment Advisors LLC grew its position in shares of Rogers by 104.7% in the fourth quarter. LS Investment Advisors LLC now owns 1,263 shares of the electronics maker’s stock valued at $205,000 after purchasing an additional 646 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of Rogers in the first quarter valued at about $213,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Rogers in the first quarter valued at about $219,000. 96.97% of the stock is currently owned by hedge funds and other institutional investors.

Rogers Company Profile

Rogers Corporation designs, develops, manufactures, and sells engineered materials and components worldwide. The company's Advanced Connectivity Solutions segment offers circuit materials and solutions for connectivity applications in wireless communications infrastructure, automotive, connected devices, wired infrastructure, consumer electronics, and aerospace/defense.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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