Rogers Co. (NYSE:ROG) has earned a consensus recommendation of “Buy” from the eight ratings firms that are covering the stock. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $109.25.
ROG has been the topic of a number of research analyst reports. Royal Bank of Canada reissued an “outperform” rating on shares of Rogers in a research report on Tuesday. B. Riley reissued a “buy” rating and issued a $90.00 target price on shares of Rogers in a research report on Friday, February 17th. Needham & Company LLC boosted their target price on Rogers from $79.00 to $91.00 and gave the company a “buy” rating in a research report on Tuesday, February 21st. Zacks Investment Research lowered Rogers from a “buy” rating to a “hold” rating in a research report on Tuesday, March 14th. Finally, Sidoti raised Rogers from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 11th.
In related news, SVP Gary M. Glandon sold 1,000 shares of the business’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $107.50, for a total transaction of $107,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Helen Zhang sold 3,184 shares of the business’s stock in a transaction on Thursday, February 23rd. The stock was sold at an average price of $86.12, for a total transaction of $274,206.08. Following the transaction, the senior vice president now owns 10,649 shares of the company’s stock, valued at approximately $917,091.88. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,156 shares of company stock valued at $2,785,203. Insiders own 1.50% of the company’s stock.
Several institutional investors have recently modified their holdings of ROG. BlackRock Inc. increased its position in shares of Rogers by 60,174.9% in the first quarter. BlackRock Inc. now owns 2,189,786 shares of the electronics maker’s stock worth $188,037,000 after buying an additional 2,186,153 shares during the last quarter. Norges Bank purchased a new position in shares of Rogers during the fourth quarter worth approximately $17,213,000. ACK Asset Management LLC increased its position in shares of Rogers by 57.1% in the first quarter. ACK Asset Management LLC now owns 385,000 shares of the electronics maker’s stock worth $28,294,000 after buying an additional 140,000 shares during the last quarter. Value Holdings Management CO. LLC increased its position in shares of Rogers by 675.2% in the first quarter. Value Holdings Management CO. LLC now owns 136,430 shares of the electronics maker’s stock worth $5,582,000 after buying an additional 118,830 shares during the last quarter. Finally, Teachers Advisors LLC increased its position in Rogers by 322.9% in the first quarter. Teachers Advisors LLC now owns 153,175 shares of the electronics maker’s stock valued at $13,153,000 after buying an additional 116,956 shares in the last quarter. Hedge funds and other institutional investors own 93.17% of the company’s stock.
Shares of Rogers (NYSE:ROG) opened at 106.78 on Friday. The stock has a 50 day moving average price of $96.35 and a 200-day moving average price of $83.45. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 32.31 and a beta of 0.92. Rogers has a 12 month low of $51.98 and a 12 month high of $109.40.
Rogers (NYSE:ROG) last released its quarterly earnings results on Wednesday, April 26th. The electronics maker reported $1.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.53. The firm had revenue of $203.80 million for the quarter, compared to analyst estimates of $190.48 million. Rogers had a net margin of 6.75% and a return on equity of 10.61%. The business’s revenue for the quarter was up 26.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.94 EPS. Analysts expect that Rogers will post $5.33 earnings per share for the current fiscal year.
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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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