Rogers Corporation (NYSE:ROG) SVP Jeffrey M. Grudzien sold 3,042 shares of Rogers Corporation stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $114.08, for a total value of $347,031.36. Following the completion of the transaction, the senior vice president now owns 28,022 shares of the company’s stock, valued at approximately $3,196,749.76. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Rogers Corporation (NYSE:ROG) traded down 0.86% during trading on Thursday, reaching $114.32. The company had a trading volume of 93,288 shares. The company’s 50-day moving average is $115.39 and its 200 day moving average is $99.90. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 27.57 and a beta of 1.16. Rogers Corporation has a 52 week low of $51.98 and a 52 week high of $123.38.
Rogers Corporation (NYSE:ROG) last released its quarterly earnings data on Monday, July 31st. The electronics maker reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.13. The firm had revenue of $201.40 million for the quarter, compared to analyst estimates of $195.60 million. Rogers Corporation had a net margin of 10.21% and a return on equity of 13.28%. Rogers Corporation’s quarterly revenue was up 27.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.88 earnings per share. Equities analysts anticipate that Rogers Corporation will post $5.55 EPS for the current year.
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Large investors have recently added to or reduced their stakes in the company. Alps Advisors Inc. raised its stake in Rogers Corporation by 0.3% in the second quarter. Alps Advisors Inc. now owns 5,891 shares of the electronics maker’s stock valued at $640,000 after buying an additional 16 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Rogers Corporation by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 1,990 shares of the electronics maker’s stock valued at $170,000 after buying an additional 40 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of Rogers Corporation by 0.7% in the first quarter. HighTower Advisors LLC now owns 5,842 shares of the electronics maker’s stock valued at $502,000 after buying an additional 42 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of Rogers Corporation by 1.2% in the first quarter. Municipal Employees Retirement System of Michigan now owns 4,110 shares of the electronics maker’s stock valued at $353,000 after buying an additional 50 shares during the last quarter. Finally, Clinton Group Inc. raised its stake in shares of Rogers Corporation by 1.7% in the first quarter. Clinton Group Inc. now owns 2,992 shares of the electronics maker’s stock valued at $257,000 after buying an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 93.36% of the company’s stock.
A number of research firms recently issued reports on ROG. B. Riley restated a “buy” rating and set a $147.00 price objective on shares of Rogers Corporation in a report on Saturday, August 5th. Needham & Company LLC restated a “buy” rating and set a $135.00 price objective (up previously from $115.00) on shares of Rogers Corporation in a report on Wednesday, August 2nd. Zacks Investment Research upgraded Rogers Corporation from a “hold” rating to a “buy” rating and set a $130.00 price objective for the company in a report on Friday, August 18th. BidaskClub upgraded Rogers Corporation from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Rogers Corporation in a report on Tuesday, May 23rd. Eight analysts have rated the stock with a buy rating, Rogers Corporation currently has an average rating of “Buy” and a consensus price target of $134.25.
Rogers Corporation 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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