Rogers Corporation (ROG) SVP Sells $28,258.88 in Stock
Rogers Corporation (NYSE:ROG) SVP Robert C. Daigle sold 208 shares of the stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $135.86, for a total transaction of $28,258.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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 transaction of $545,017.20.
Rogers Corporation (NYSE:ROG) traded down 0.31% during mid-day trading on Wednesday, hitting $136.50. 104,016 shares of the stock were exchanged. Rogers Corporation has a 52 week low of $51.98 and a 52 week high of $137.36. The company has a market capitalization of $2.48 billion, a PE ratio of 32.92 and a beta of 1.16. The stock’s 50-day moving average is $122.31 and its 200 day moving average is $108.44.
Rogers Corporation (NYSE:ROG) last issued its quarterly earnings results on Monday, July 31st. The electronics maker reported $1.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.13. The company had revenue of $201.40 million for the quarter, compared to the consensus estimate of $195.60 million. Rogers Corporation had a net margin of 10.21% and a return on equity of 13.28%. The firm’s quarterly revenue was up 27.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.88 EPS. On average, analysts anticipate that Rogers Corporation will post $5.55 EPS for the current year.
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ROG has been the subject of a number of recent analyst reports. B. Riley reiterated a “buy” rating and issued a $147.00 price target on shares of Rogers Corporation in a research note on Sunday, August 20th. Zacks Investment Research upgraded shares of Rogers Corporation from a “hold” rating to a “buy” rating and set a $130.00 price target for the company in a research note on Friday, August 18th. BidaskClub upgraded shares of Rogers Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. Needham & Company LLC reiterated a “buy” rating and issued a $135.00 price target (up previously from $115.00) on shares of Rogers Corporation in a research note on Wednesday, August 2nd. Finally, Sidoti reiterated a “buy” rating and issued a $125.00 price target (up previously from $120.00) on shares of Rogers Corporation in a research note on Monday, June 19th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $134.25.
Several large investors have recently modified their holdings of ROG. SG Americas Securities LLC purchased a new position in shares of Rogers Corporation in the 1st quarter worth about $106,000. Ameritas Investment Partners Inc. purchased a new position in shares of Rogers Corporation in the 1st quarter worth about $123,000. Creative Planning boosted its holdings in shares of Rogers Corporation by 6,455.6% in the 2nd quarter. Creative Planning now owns 1,180 shares of the electronics maker’s stock worth $128,000 after buying an additional 1,162 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Rogers Corporation by 17.5% in the 2nd quarter. Victory Capital Management Inc. now owns 1,414 shares of the electronics maker’s stock worth $154,000 after buying an additional 211 shares during the last quarter. Finally, Riverhead Capital Management LLC boosted its holdings in shares of Rogers Corporation by 87.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,499 shares of the electronics maker’s stock worth $163,000 after buying an additional 699 shares during the last quarter. 92.89% of the stock is currently owned by 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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