Shares of Rogers Co. (NYSE:ROG) have received a consensus recommendation of “Buy” from the seven analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $160.00.
ROG has been the subject of a number of recent analyst reports. ValuEngine cut shares of Rogers from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. B. Riley reiterated a “buy” rating and issued a $180.00 price target on shares of Rogers in a research note on Friday, December 15th. Needham & Company LLC increased their price target on shares of Rogers to $180.00 and gave the company a “positive” rating in a research note on Tuesday, December 19th. Finally, Zacks Investment Research cut shares of Rogers from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 4th.
Rogers (NYSE ROG) opened at $137.09 on Wednesday. Rogers has a 1-year low of $80.35 and a 1-year high of $184.00. The company has a market cap of $2,500.00, a price-to-earnings ratio of 37.35 and a beta of 1.36. The company has a current ratio of 3.99, a quick ratio of 3.01 and a debt-to-equity ratio of 0.18.
Rogers (NYSE:ROG) last announced its earnings results on Tuesday, February 27th. The electronics maker reported $1.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.42 by ($0.06). Rogers had a return on equity of 14.72% and a net margin of 9.80%. The business had revenue of $209.01 million for the quarter, compared to analyst estimates of $206.50 million. analysts forecast that Rogers will post 6.17 EPS for the current fiscal year.
In other Rogers news, SVP Jay B. Knoll sold 1,250 shares of the stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $131.78, for a total value of $164,725.00. Following the completion of the sale, the senior vice president now owns 5,909 shares in the company, valued at $778,688.02. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Jeffrey M. Grudzien sold 1,430 shares of the stock in a transaction on 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 approximately $3,629,748.19. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of ROG. Raymond James Financial Services Advisors Inc. bought a new position in shares of Rogers in the third quarter valued at about $223,000. Crossmark Global Holdings Inc. bought a new position in shares of Rogers in the third quarter valued at about $461,000. American Century Companies Inc. raised its position in shares of Rogers by 4.9% in the third quarter. American Century Companies Inc. now owns 31,772 shares of the electronics maker’s stock valued at $4,235,000 after purchasing an additional 1,491 shares during the period. Prudential Financial Inc. raised its position in shares of Rogers by 30.6% in the third quarter. Prudential Financial Inc. now owns 43,109 shares of the electronics maker’s stock valued at $5,745,000 after purchasing an additional 10,100 shares during the period. Finally, Swiss National Bank raised its position in shares of Rogers by 2.0% in the third quarter. Swiss National Bank now owns 30,300 shares of the electronics maker’s stock valued at $4,038,000 after purchasing an additional 600 shares during the period. 96.85% of the stock is currently owned by institutional investors.
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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