Shares of Rogers Co. (NYSE:ROG) have received a consensus rating of “Buy” from the eight brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $160.25.

ROG has been the subject of a number of research reports. BidaskClub raised shares of Rogers from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. B. Riley reissued a “buy” rating and issued a $147.00 price target on shares of Rogers in a research note on Tuesday, August 15th. Zacks Investment Research raised shares of Rogers 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. Needham & Company LLC reissued a “buy” rating and issued a $165.00 price target on shares of Rogers in a research note on Friday, November 3rd. Finally, ValuEngine downgraded shares of Rogers from a “buy” rating to a “hold” rating in a research note on Friday.

In other Rogers news, SVP Jeffrey M. Grudzien sold 1,888 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $158.27, for a total transaction of $298,813.76. Following the completion of the transaction, the senior vice president now owns 24,192 shares of the company’s stock, valued at $3,828,867.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Robert C. Daigle sold 208 shares of the firm’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $135.86, for a total transaction of $28,258.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,327 shares of company stock valued at $4,191,128. 1.50% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in ROG. Creative Planning increased its stake in shares of Rogers by 6,455.6% during the second quarter. Creative Planning now owns 1,180 shares of the electronics maker’s stock valued at $128,000 after purchasing an additional 1,162 shares in the last quarter. Aperio Group LLC increased its stake in shares of Rogers by 100.8% during the second quarter. Aperio Group LLC now owns 13,784 shares of the electronics maker’s stock valued at $1,497,000 after purchasing an additional 6,921 shares in the last quarter. US Bancorp DE increased its stake in shares of Rogers by 2.5% during the second quarter. US Bancorp DE now owns 6,549 shares of the electronics maker’s stock valued at $711,000 after purchasing an additional 159 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Rogers by 215.8% during the second quarter. Russell Investments Group Ltd. now owns 44,848 shares of the electronics maker’s stock valued at $4,872,000 after purchasing an additional 30,648 shares in the last quarter. Finally, Strs Ohio increased its stake in shares of Rogers by 6.1% during the second quarter. Strs Ohio now owns 5,200 shares of the electronics maker’s stock valued at $564,000 after purchasing an additional 300 shares in the last quarter. 92.97% of the stock is owned by institutional investors and hedge funds.

Rogers (ROG) opened at $158.17 on Monday. The company has a market cap of $2,885.65, a PE ratio of 29.51 and a beta of 1.16. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.74 and a current ratio of 3.74. Rogers has a one year low of $72.13 and a one year high of $168.07.

Rogers (NYSE:ROG) last issued its quarterly earnings data on Thursday, November 2nd. The electronics maker reported $1.41 EPS for the quarter, beating the consensus estimate of $1.26 by $0.15. Rogers had a net margin of 12.35% and a return on equity of 13.94%. The firm had revenue of $206.80 million during the quarter, compared to the consensus estimate of $198.16 million. During the same period in the prior year, the firm posted $0.86 earnings per share. The company’s quarterly revenue was up 25.1% compared to the same quarter last year. sell-side analysts predict that Rogers will post 5.85 EPS for the current year.

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About Rogers

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 (NYSE:ROG)

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