Rogers Co. (NYSE:ROG)‘s stock had its “outperform” rating reiterated by research analysts at Royal Bank of Canada in a research report issued on Tuesday.
A number of other equities analysts also recently commented on ROG. B. Riley restated a “buy” rating and issued a $90.00 price objective on shares of Rogers in a report on Friday, February 17th. Needham & Company LLC increased their price objective on Rogers from $79.00 to $91.00 and gave the stock a “buy” rating in a report on Tuesday, February 21st. Zacks Investment Research downgraded Rogers from a “buy” rating to a “hold” rating in a report on Tuesday, March 14th. Finally, Sidoti upgraded Rogers from a “neutral” rating to a “buy” rating in a report on Tuesday, April 11th. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Rogers has an average rating of “Buy” and a consensus price target of $102.60.
Rogers (NYSE:ROG) opened at 106.55 on Tuesday. The firm’s 50-day moving average is $97.02 and its 200-day moving average is $83.62. Rogers has a 12 month low of $51.98 and a 12 month high of $109.40. The firm has a market capitalization of $1.93 billion, a PE ratio of 32.24 and a beta of 0.92.
Rogers (NYSE:ROG) last released its quarterly earnings data on Wednesday, April 26th. The electronics maker reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.53. Rogers had a return on equity of 10.61% and a net margin of 6.75%. The firm had revenue of $203.80 million for the quarter, compared to the consensus estimate of $190.48 million. During the same quarter in the prior year, the company posted $0.94 earnings per share. The firm’s revenue was up 26.9% on a year-over-year basis. On average, equities research analysts expect that Rogers will post $5.33 EPS for the current year.
In other news, SVP Robert C. Daigle sold 18,872 shares of the stock in a transaction that occurred on Thursday, April 27th. The stock was sold at an average price of $98.48, for a total value of $1,858,514.56. Following the completion of the sale, the senior vice president now directly owns 35,579 shares of the company’s stock, valued at $3,503,819.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Christopher Shadday sold 1,000 shares of the firm’s stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $105.88, for a total value of $105,880.00. Following the completion of the transaction, the senior vice president now directly owns 4,234 shares of the company’s stock, valued at $448,295.92. The disclosure for this sale can be found here. Insiders sold 22,872 shares of company stock valued at $2,235,035 over the last three months. 1.50% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of ROG. Mutual of America Capital Management LLC boosted its position in shares of Rogers by 0.3% in the third quarter. Mutual of America Capital Management LLC now owns 80,730 shares of the electronics maker’s stock valued at $4,931,000 after buying an additional 206 shares during the period. Investment Counselors of Maryland LLC boosted its position in shares of Rogers by 9.9% in the third quarter. Investment Counselors of Maryland LLC now owns 357,803 shares of the electronics maker’s stock valued at $21,855,000 after buying an additional 32,260 shares during the period. Mycio Wealth Partners LLC boosted its position in shares of Rogers by 17.7% in the third quarter. Mycio Wealth Partners LLC now owns 60,529 shares of the electronics maker’s stock valued at $3,697,000 after buying an additional 9,118 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Rogers by 103.4% in the third quarter. JPMorgan Chase & Co. now owns 29,263 shares of the electronics maker’s stock valued at $1,787,000 after buying an additional 14,874 shares during the period. Finally, BlackRock Inc. boosted its position in shares of Rogers by 3.2% in the third quarter. BlackRock Inc. now owns 4,079 shares of the electronics maker’s stock valued at $249,000 after buying an additional 126 shares during the period. 93.17% of the stock is owned by hedge funds and other institutional investors.
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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