Rogers Sees Unusually Large Options Volume (ROG)
Rogers Co. (NYSE:ROG) was the recipient of unusually large options trading on Tuesday. Stock investors purchased 594 put options on the company. This is an increase of 1,021% compared to the average volume of 53 put options.
Rogers (NYSE ROG) opened at $164.04 on Friday. Rogers has a 12 month low of $76.20 and a 12 month high of $184.00. The company has a market capitalization of $3,080.00, a price-to-earnings ratio of 35.51 and a beta of 1.17. The company has a quick ratio of 2.74, a current ratio of 3.74 and a debt-to-equity ratio of 0.18.
Rogers (NYSE:ROG) last announced its quarterly earnings results on Thursday, November 2nd. The electronics maker reported $1.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.15. Rogers had a return on equity of 14.22% and a net margin of 10.88%. The business had revenue of $206.80 million for the quarter, compared to analyst estimates of $198.16 million. During the same quarter in the prior year, the company posted $0.86 EPS. The company’s quarterly revenue was up 25.1% on a year-over-year basis. sell-side analysts expect that Rogers will post 5.85 earnings per share for the current year.
Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Rogers by 5.3% in the 2nd quarter. Vanguard Group Inc. now owns 1,636,085 shares of the electronics maker’s stock valued at $177,712,000 after purchasing an additional 82,322 shares during the last quarter. Neuberger Berman Group LLC raised its holdings in shares of Rogers by 2.1% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,565,202 shares of the electronics maker’s stock valued at $208,610,000 after buying an additional 31,667 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Rogers by 0.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,049,565 shares of the electronics maker’s stock valued at $114,004,000 after buying an additional 5,406 shares during the period. Northern Trust Corp raised its holdings in shares of Rogers by 3.4% in the 2nd quarter. Northern Trust Corp now owns 618,786 shares of the electronics maker’s stock valued at $67,212,000 after buying an additional 20,253 shares during the period. Finally, Conestoga Capital Advisors LLC raised its holdings in shares of Rogers by 41.2% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 451,983 shares of the electronics maker’s stock valued at $60,240,000 after buying an additional 131,853 shares during the period. 93.22% of the stock is currently owned by institutional investors and hedge funds.
ROG has been the topic of a number of recent research reports. Zacks Investment Research raised Rogers from a “hold” rating to a “strong-buy” rating and set a $171.00 price objective on the stock in a research note on Wednesday, November 8th. B. Riley reissued a “buy” rating and set a $180.00 price objective (up previously from $147.00) on shares of Rogers in a research note on Monday, October 30th. Needham & Company LLC reissued a “buy” rating and set a $165.00 price objective on shares of Rogers in a research note on Friday, November 3rd. Finally, ValuEngine lowered Rogers from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Rogers presently has a consensus rating of “Buy” and a consensus target price of $164.00.
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Rogers 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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