Rogers Co. (NYSE:ROG) SVP Jeffrey M. Grudzien sold 1,430 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $155.83, for a total transaction of $222,836.90. Following the completion of the sale, the senior vice president now owns 23,293 shares of the company’s stock, valued at $3,629,748.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Rogers Co. (NYSE:ROG) traded up $1.67 on Thursday, hitting $160.10. 17,779 shares of the company were exchanged, compared to its average volume of 158,844. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.74 and a quick ratio of 2.74. Rogers Co. has a 12-month low of $80.35 and a 12-month high of $184.00. The stock has a market capitalization of $2,846.24, a price-to-earnings ratio of 29.11 and a beta of 1.22.
ROG has been the subject of a number of recent research reports. B. Riley increased their target price on shares of Rogers from $147.00 to $180.00 and gave the company a “buy” rating in a research report on Sunday, November 5th. Needham & Company LLC increased their target price on shares of Rogers to $180.00 and gave the company a “positive” rating in a research report on Tuesday, December 19th. Zacks Investment Research cut shares of Rogers from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 4th. Finally, ValuEngine lowered shares of Rogers from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $164.00.
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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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