Rogers Corporation (ROG) SVP Sells $259,291.48 in Stock
Rogers Corporation (NYSE:ROG) SVP Robert C. Daigle sold 2,074 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $125.02, for a total value of $259,291.48. Following the transaction, the senior vice president now directly owns 25,565 shares in the company, valued at approximately $3,196,136.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
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 shares were sold at an average price of $121.52, for a total value of $545,017.20.
Rogers Corporation (NYSE:ROG) traded up 1.65% during trading on Friday, reaching $126.17. The company had a trading volume of 168,009 shares. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 30.42 and a beta of 1.15. Rogers Corporation has a 52 week low of $51.98 and a 52 week high of $126.50. The company’s 50-day moving average is $117.94 and its 200 day moving average is $103.78.
Rogers Corporation (NYSE:ROG) last posted its earnings results on Monday, July 31st. The electronics maker reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.13. The company had revenue of $201.40 million during the quarter, compared to analysts’ expectations of $195.60 million. Rogers Corporation had a return on equity of 13.28% and a net margin of 10.21%. The firm’s quarterly revenue was up 27.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.88 earnings per share. Equities analysts anticipate that Rogers Corporation will post $5.55 EPS for the current year.
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A number of research firms recently issued reports on ROG. B. Riley restated a “buy” rating and set a $147.00 price objective on shares of Rogers Corporation in a report on Sunday, August 20th. Zacks Investment Research cut Rogers Corporation from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 28th. BidaskClub cut Rogers Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Sidoti restated a “buy” rating and set a $125.00 price objective (up previously from $120.00) on shares of Rogers Corporation in a report on Monday, June 19th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Rogers Corporation in a report on Tuesday, May 23rd. Eight research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus price target of $134.25.
A number of hedge funds have recently bought and sold shares of ROG. BlackRock Inc. increased its stake in Rogers Corporation by 60,174.9% during the first quarter. BlackRock Inc. now owns 2,189,786 shares of the electronics maker’s stock worth $188,037,000 after acquiring an additional 2,186,153 shares during the last quarter. ACK Asset Management LLC increased its stake in Rogers Corporation by 57.1% during the first quarter. ACK Asset Management LLC now owns 385,000 shares of the electronics maker’s stock worth $28,294,000 after acquiring an additional 140,000 shares during the last quarter. Teachers Advisors LLC increased its stake in Rogers Corporation by 322.9% during the first quarter. Teachers Advisors LLC now owns 153,175 shares of the electronics maker’s stock worth $13,153,000 after acquiring an additional 116,956 shares during the last quarter. Walthausen & Co. LLC increased its stake in Rogers Corporation by 103.1% during the second quarter. Walthausen & Co. LLC now owns 176,942 shares of the electronics maker’s stock worth $19,219,000 after acquiring an additional 89,838 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Rogers Corporation by 5.3% during the second quarter. Vanguard Group Inc. now owns 1,636,085 shares of the electronics maker’s stock worth $177,712,000 after acquiring an additional 82,322 shares during the last quarter. 93.42% of the stock is owned by institutional investors.
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.
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