Insider Selling: Gregory Howey Sells 2,250 Shares of Rogers Corp. Stock (ROG)
Rogers Corp. (NYSE:ROG) Director Gregory Howey unloaded 2,250 shares of Rogers Corp. stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $62.60, for a total transaction of $140,850.00. Following the transaction, the director now directly owns 26,613 shares of the company’s stock, valued at approximately $1,665,974. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Rogers Corp. (NYSE:ROG) traded down 0.73% during mid-day trading on Monday, hitting $62.309. 58,951 shares of the company’s stock traded hands. Rogers Corp. has a one year low of $37.20 and a one year high of $62.90. The stock’s 50-day moving average is $59.11 and its 200-day moving average is $51.89. The company has a market cap of $1.074 billion and a price-to-earnings ratio of 35.11.
Rogers Corp. (NYSE:ROG) last announced its earnings results on Wednesday, October 30th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.10. The company had revenue of $142.82 million for the quarter, compared to the consensus estimate of $140.00 million. During the same quarter in the prior year, the company posted $0.69 earnings per share. The company’s quarterly revenue was up 10.6% on a year-over-year basis. On average, analysts predict that Rogers Corp. will post $2.51 earnings per share for the current fiscal year.
Separately, analysts at Zacks upgraded shares of Rogers Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Friday. They now have a $64.10 price target on the stock.
Rogers Corporation (NYSE:ROG) is the supplier of a range of specialty materials and components for the portable communications, communications infrastructure, consumer electronics, mass transit, automotive, defense, and clean technology.
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