Insider Selling: Rogers Corporation (ROG) SVP Sells 683 Shares of Stock
Rogers Corporation (NYSE:ROG) SVP Robert C. Daigle sold 683 shares of the business’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $124.00, for a total value of $84,692.00. Following the transaction, the senior vice president now owns 25,612 shares of the company’s stock, valued at approximately $3,175,888. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Robert C. Daigle also recently made the following trade(s):
- On Tuesday, August 1st, Robert C. Daigle sold 4,485 shares of Rogers Corporation stock. The stock was sold at an average price of $121.52, for a total value of $545,017.20.
Shares of Rogers Corporation (NYSE ROG) traded up 0.43% on Thursday, reaching $124.20. The company’s stock had a trading volume of 44,899 shares. The stock has a 50-day moving average of $117.94 and a 200 day moving average of $103.78. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 29.95 and a beta of 1.15. Rogers Corporation has a 52 week low of $51.98 and a 52 week high of $124.70.
Rogers Corporation (NYSE:ROG) last released its quarterly earnings results on Monday, July 31st. The electronics maker reported $1.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.13. Rogers Corporation had a return on equity of 13.28% and a net margin of 10.21%. The firm had revenue of $201.40 million during the quarter, compared to analysts’ expectations of $195.60 million. During the same period last year, the firm posted $0.88 EPS. The business’s revenue was up 27.9% on a year-over-year basis. On average, analysts expect that Rogers Corporation will post $5.55 EPS for the current year.
A number of research analysts have issued reports on ROG shares. Royal Bank Of Canada reiterated an “outperform” rating on shares of Rogers Corporation in a research report on Tuesday, May 23rd. BidaskClub upgraded Rogers Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. B. Riley reiterated a “buy” rating and set a $147.00 price target on shares of Rogers Corporation in a research report on Tuesday, August 15th. Needham & Company LLC reiterated a “buy” rating and set a $135.00 price target (up previously from $115.00) on shares of Rogers Corporation in a research report on Wednesday, August 2nd. Finally, Sidoti reiterated a “buy” rating and set a $125.00 price target (up previously from $120.00) on shares of Rogers Corporation in a research report on Monday, June 19th. Eight equities research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus target price of $134.25.
A number of hedge funds have recently added to or reduced their stakes in ROG. SG Americas Securities LLC bought a new position in Rogers Corporation in the 1st quarter valued at $106,000. Ameritas Investment Partners Inc. bought a new position in Rogers Corporation in the 1st quarter valued at $123,000. Creative Planning boosted its position in Rogers Corporation by 6,455.6% in the 2nd quarter. Creative Planning now owns 1,180 shares of the electronics maker’s stock valued at $128,000 after buying an additional 1,162 shares during the last quarter. Victory Capital Management Inc. boosted its position in Rogers Corporation by 17.5% in the 2nd quarter. Victory Capital Management Inc. now owns 1,414 shares of the electronics maker’s stock valued at $154,000 after buying an additional 211 shares during the last quarter. Finally, Riverhead Capital Management LLC boosted its position in Rogers Corporation by 87.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,499 shares of the electronics maker’s stock valued at $163,000 after buying an additional 699 shares during the last quarter. 93.42% of the stock is owned by hedge funds and other institutional investors.
Rogers Corporation 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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