Stock Traders Purchase High Volume of Call Options on Rogers (NYSE:ROG)

Rogers Co. (NYSE:ROG) was the recipient of some unusual options trading on Wednesday. Stock investors bought 1,360 call options on the company. This is an increase of 2,515% compared to the average volume of 52 call options.

In other Rogers news, insider Bruce D. Hoechner sold 1,200 shares of the company’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $170.13, for a total value of $204,156.00. Following the transaction, the insider now directly owns 66,772 shares of the company’s stock, valued at approximately $11,359,920.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Marc J. Beulque sold 209 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $193.00, for a total value of $40,337.00. Following the completion of the transaction, the vice president now directly owns 2,225 shares in the company, valued at $429,425. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,703 shares of company stock worth $2,785,375. Insiders own 1.09% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Private Capital Group LLC grew its holdings in shares of Rogers by 48.6% during the 1st quarter. Private Capital Group LLC now owns 214 shares of the electronics maker’s stock worth $34,000 after purchasing an additional 70 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its stake in Rogers by 1.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 8,271 shares of the electronics maker’s stock valued at $1,314,000 after buying an additional 120 shares in the last quarter. Advisor Group Inc. boosted its stake in Rogers by 9.6% in the fourth quarter. Advisor Group Inc. now owns 1,385 shares of the electronics maker’s stock valued at $137,000 after buying an additional 121 shares in the last quarter. Arizona State Retirement System boosted its stake in Rogers by 0.4% in the first quarter. Arizona State Retirement System now owns 28,445 shares of the electronics maker’s stock valued at $4,519,000 after buying an additional 126 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its stake in Rogers by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 7,122 shares of the electronics maker’s stock valued at $1,132,000 after buying an additional 129 shares in the last quarter. 93.89% of the stock is currently owned by institutional investors.

ROG opened at $163.34 on Friday. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of 28.31 and a beta of 2.20. Rogers has a 52-week low of $89.21 and a 52-week high of $206.43. The company has a current ratio of 4.65, a quick ratio of 3.42 and a debt-to-equity ratio of 0.26. The stock’s fifty day moving average is $156.88.

Rogers (NYSE:ROG) last released its earnings results on Tuesday, April 30th. The electronics maker reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.53. The company had revenue of $239.80 million for the quarter, compared to analyst estimates of $226.25 million. Rogers had a return on equity of 13.71% and a net margin of 9.94%. Rogers’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.48 EPS. As a group, equities analysts anticipate that Rogers will post 6.64 EPS for the current year.

A number of research analysts have commented on ROG shares. ValuEngine raised Ultrapar Participacoes from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 4th. Zacks Investment Research raised HB Fuller from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd. Stifel Nicolaus started coverage on Rogers in a report on Thursday, May 30th. They issued a “buy” rating and a $200.00 price objective on the stock. Finally, B. Riley upped their price objective on Rogers from $200.00 to $210.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $190.80.

About Rogers

Rogers Corporation designs, develops, manufactures, and sells engineered materials and components worldwide. It operates in Advanced Connectivity Solutions (ACS), Elastomeric Material Solutions (EMS), Power Electronics Solutions (PES), and Other segments. The ACS segment offers circuit materials and solutions for connectivity applications in wireless infrastructure, automotive, aerospace and defense, connected devices, wired infrastructure, and consumer electronics under the RO3000, RO4000, RT/duroid, TMM, AD Series, and CLTE Series names.

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