Shares of Rogers Corporation (NYSE:ROG) have been given a consensus recommendation of “Buy” by the nine analysts that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $110.00.

ROG has been the topic of several recent analyst reports. Needham & Company LLC reissued a “buy” rating and set a $115.00 price objective (up previously from $91.00) on shares of Rogers Corporation in a research note on Friday, April 28th. BidaskClub lowered shares of Rogers Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 16th. Sidoti reissued a “buy” rating and set a $125.00 price objective (up previously from $120.00) on shares of Rogers Corporation in a research note on Monday, June 19th. Royal Bank Of Canada reissued an “outperform” rating on shares of Rogers Corporation in a research note on Tuesday, May 23rd. Finally, Zacks Investment Research raised shares of Rogers Corporation from a “hold” rating to a “strong-buy” rating and set a $122.00 price objective on the stock in a research note on Wednesday, May 3rd.

In other Rogers Corporation news, SVP Robert C. Daigle sold 18,872 shares of Rogers Corporation stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $98.48, for a total value of $1,858,514.56. Following the transaction, the senior vice president now owns 35,579 shares of the company’s stock, valued at $3,503,819.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Gary M. Glandon sold 1,000 shares of Rogers Corporation stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $107.50, for a total transaction of $107,500.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,722 shares of company stock worth $2,380,966. Insiders own 1.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in ROG. SG Americas Securities LLC bought a new position in shares of Rogers Corporation during the first quarter worth $106,000. Ameritas Investment Partners Inc. bought a new position in shares of Rogers Corporation during the first quarter worth $123,000. Envestnet Asset Management Inc. raised its position in shares of Rogers Corporation by 8.8% in the first quarter. Envestnet Asset Management Inc. now owns 1,954 shares of the electronics maker’s stock worth $168,000 after buying an additional 158 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Rogers Corporation by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 1,990 shares of the electronics maker’s stock worth $170,000 after buying an additional 40 shares during the last quarter. Finally, Paloma Partners Management Co bought a new position in shares of Rogers Corporation during the first quarter worth $204,000. 93.96% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Rogers Corporation (ROG) opened at 110.52 on Friday. Rogers Corporation has a 12 month low of $51.98 and a 12 month high of $113.26. The company has a 50 day moving average of $108.11 and a 200 day moving average of $89.96. The stock has a market cap of $2.00 billion, a P/E ratio of 33.44 and a beta of 1.15.

Rogers Corporation (NYSE:ROG) last released its quarterly earnings data on Wednesday, April 26th. The electronics maker reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.53. Rogers Corporation had a net margin of 8.63% and a return on equity of 12.50%. The business had revenue of $203.80 million for the quarter, compared to analyst estimates of $190.48 million. During the same quarter last year, the firm earned $0.94 EPS. Rogers Corporation’s quarterly revenue was up 26.9% compared to the same quarter last year. Equities research analysts expect that Rogers Corporation will post $5.33 earnings per share for the current fiscal year.

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About Rogers Corporation

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.

Analyst Recommendations for Rogers Corporation (NYSE:ROG)

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