Rogers Co. (ROG) Receives Consensus Rating of “Buy” from Analysts

Shares of Rogers Co. (NYSE:ROG) have been given an average rating of “Buy” by the seven research firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $161.67.

ROG has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Rogers from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. B. Riley restated a “buy” rating and set a $180.00 price objective (up from $147.00) on shares of Rogers in a research note on Monday, October 30th. Needham & Company LLC restated a “buy” rating and set a $165.00 price objective 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, December 1st.

In other news, SVP Jeffrey M. Grudzien sold 1,888 shares of the stock in a transaction dated 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 directly owns 24,192 shares in the company, valued at approximately $3,828,867.84. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.50% of the company’s stock.

Large investors have recently modified their holdings of the stock. Aurora Investment Counsel acquired a new stake in Rogers in the 4th quarter valued at about $2,013,000. New York State Common Retirement Fund lifted its stake in Rogers by 36.3% in the 3rd quarter. New York State Common Retirement Fund now owns 26,980 shares of the electronics maker’s stock valued at $3,596,000 after purchasing an additional 7,180 shares during the last quarter. IndexIQ Advisors LLC lifted its stake in Rogers by 83.5% in the 3rd quarter. IndexIQ Advisors LLC now owns 10,092 shares of the electronics maker’s stock valued at $1,345,000 after purchasing an additional 4,593 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Rogers by 6.1% in the 3rd quarter. Wells Fargo & Company MN now owns 88,829 shares of the electronics maker’s stock valued at $11,839,000 after purchasing an additional 5,113 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its stake in Rogers by 128.6% in the 3rd quarter. Sterling Capital Management LLC now owns 27,717 shares of the electronics maker’s stock valued at $3,694,000 after purchasing an additional 15,594 shares during the last quarter. Institutional investors and hedge funds own 93.00% of the company’s stock.

Rogers (ROG) opened at $167.92 on Tuesday. The stock has a market capitalization of $3,080.00, a PE ratio of 36.35 and a beta of 1.17. 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 1-year low of $77.72 and a 1-year high of $184.00.

Rogers (NYSE:ROG) last released its earnings results on Thursday, November 2nd. The electronics maker reported $1.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.15. The firm had revenue of $206.80 million during the quarter, compared to analysts’ expectations of $198.16 million. Rogers had a return on equity of 14.22% and a net margin of 10.88%. The company’s revenue was up 25.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.86 EPS. equities analysts forecast that Rogers will post 5.85 earnings per share for the current year.

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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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