Rogers (NYSE:ROG) had its price objective upped by research analysts at Needham & Company LLC to $180.00 in a research report issued on Tuesday, The Fly reports. The firm currently has a “positive” rating on the electronics maker’s stock. Needham & Company LLC’s target price would indicate a potential upside of 10.42% from the stock’s previous close.
A number of other analysts also recently weighed in on ROG. B. Riley restated a “buy” rating and issued a $180.00 price objective on shares of Rogers in a report on Friday. ValuEngine downgraded Rogers from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Zacks Investment Research downgraded Rogers from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Rogers currently has an average rating of “Buy” and a consensus price target of $164.00.
Rogers (NYSE ROG) opened at $163.01 on Tuesday. Rogers has a 12 month low of $74.24 and a 12 month high of $168.07. The company has a market capitalization of $2,933.81, a price-to-earnings ratio of 30.00 and a beta of 1.16. The company has a quick ratio of 2.74, a current ratio of 3.74 and a debt-to-equity ratio of 0.18.
In related news, SVP Robert C. Daigle sold 454 shares of the stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $130.61, for a total value of $59,296.94. Following the completion of the sale, the senior vice president now directly owns 22,452 shares in the company, valued at $2,932,455.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bruce D. Hoechner sold 23,200 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $133.23, for a total value of $3,090,936.00. The disclosure for this sale can be found here. Insiders sold 28,025 shares of company stock valued at $3,777,483 over the last 90 days. 1.50% of the stock is currently owned by company insiders.
A number of institutional investors have recently modified their holdings of ROG. Rothschild Asset Management Inc. acquired a new stake in Rogers during the 3rd quarter worth about $22,261,000. Cortina Asset Management LLC acquired a new stake in Rogers during the 3rd quarter worth about $20,348,000. Conestoga Capital Advisors LLC grew its holdings in Rogers by 41.2% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 451,983 shares of the electronics maker’s stock worth $60,240,000 after acquiring an additional 131,853 shares during the period. Walthausen & Co. LLC grew its holdings in Rogers by 103.1% during the 2nd 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 period. Finally, Vanguard Group Inc. grew its holdings in Rogers by 5.3% during the 2nd 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 period. Hedge funds and other institutional investors own 93.22% of the company’s stock.
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.
