Rogers Director Sells $90,345 in Stock (ROG)
Rogers (NYSE:ROG) Director Robert G. Paul unloaded 1,500 shares of the stock on the open market in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $60.23, for a total value of $90,345.00. Following the completion of the transaction, the director now directly owns 26,655 shares of the company’s stock, valued at approximately $1,605,431. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of research firms have recently commented on ROG. Analysts at Zacks downgraded shares of Rogers from a “neutral” rating to an “underperform” rating in a research note on Monday, July 21st. They now have a $61.40 price target on the stock. Separately, analysts at DA Davidson cut their price target on shares of Rogers from $77.00 to $75.00 in a research note on Friday, July 18th. They now have a “buy” rating on the stock. Finally, analysts at DA Davidson reiterated a “buy” rating on shares of Rogers in a research note on Monday, June 16th. They now have a $77.00 price target on the stock, up previously from $69.00.
Shares of Rogers (NYSE:ROG) traded up 1.45% on Thursday, hitting $60.74. 128,522 shares of the company’s stock traded hands. Rogers has a 52-week low of $56.17 and a 52-week high of $68.34. The stock’s 50-day moving average is $60.22 and its 200-day moving average is $61.95. The company has a market cap of $1.109 billion and a price-to-earnings ratio of 21.58.
Rogers (NYSE:ROG) last announced its earnings results on Tuesday, July 29th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02. The company had revenue of $153.50 million for the quarter, compared to the consensus estimate of $153.50 million. During the same quarter in the previous year, the company posted $0.53 earnings per share. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. On average, analysts predict that Rogers will post $2.80 earnings per share for the current fiscal year.
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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