Shares of Rogers Co. (NYSE:ROG) hit a new 52-week high during trading on Tuesday . The company traded as high as $172.78 and last traded at $173.19, with a volume of 4143 shares traded. The stock had previously closed at $169.00.
A number of analysts have recently commented on the company. ValuEngine raised Rogers from a “hold” rating to a “buy” rating in a research report on Wednesday, February 27th. B. Riley boosted their price target on Rogers from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, February 21st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $155.00 price target on shares of Rogers in a research report on Thursday, February 21st. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $163.33.
The stock has a market cap of $3.13 billion, a PE ratio of 29.20 and a beta of 2.08. The company has a quick ratio of 3.29, a current ratio of 4.53 and a debt-to-equity ratio of 0.27.
Rogers (NYSE:ROG) last released its quarterly earnings data on Wednesday, February 20th. The electronics maker reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.40. The business had revenue of $222.94 million for the quarter, compared to analysts’ expectations of $220.38 million. Rogers had a return on equity of 13.15% and a net margin of 9.97%. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.36 EPS. Equities analysts predict that Rogers Co. will post 5.93 EPS for the current year.
In related news, VP Marc J. Beulque sold 3,890 shares of the company’s stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $152.50, for a total value of $593,225.00. Following the transaction, the vice president now directly owns 2,748 shares of the company’s stock, valued at approximately $419,070. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ganesh Moorthy sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $155.00, for a total value of $232,500.00. Following the completion of the transaction, the director now directly owns 7,500 shares in the company, valued at $1,162,500. The disclosure for this sale can be found here. Insiders sold a total of 26,532 shares of company stock worth $4,181,951 over the last ninety days. 1.09% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in ROG. Thrivent Financial for Lutherans raised its stake in Rogers by 90.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 402,566 shares of the electronics maker’s stock valued at $39,878,000 after buying an additional 190,848 shares during the last quarter. Norges Bank purchased a new stake in Rogers during the 4th quarter valued at $18,528,000. Neuberger Berman Group LLC raised its stake in Rogers by 2.8% during the 3rd quarter. Neuberger Berman Group LLC now owns 1,734,911 shares of the electronics maker’s stock valued at $255,587,000 after buying an additional 46,962 shares during the last quarter. RK Capital Management LLC purchased a new stake in Rogers during the 4th quarter valued at $4,646,000. Finally, Vanguard Group Inc raised its stake in Rogers by 2.6% during the 3rd quarter. Vanguard Group Inc now owns 1,867,288 shares of the electronics maker’s stock valued at $275,089,000 after buying an additional 46,605 shares during the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.
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About Rogers (NYSE:ROG)
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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