Rogers (ROG) Earns Buy Rating from B. Riley

B. Riley restated their buy rating on shares of Rogers (NYSE:ROG) in a research note issued to investors on Friday. The firm currently has a $180.00 price target on the electronics maker’s stock.

Several other analysts have also commented on the stock. Zacks Investment Research upgraded shares of Rogers from a hold rating to a strong-buy rating and set a $171.00 price target on the stock in a research report on Wednesday, November 8th. Needham & Company LLC reiterated a buy rating and issued a $165.00 price target on shares of Rogers in a research report on Friday, November 3rd. Finally, ValuEngine lowered shares of Rogers from a buy rating to a hold rating in a research report on Friday, December 1st. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $160.25.

Rogers (NYSE:ROG) opened at $160.86 on Friday. The company has a current ratio of 3.74, a quick ratio of 2.74 and a debt-to-equity ratio of 0.18. Rogers has a 1 year low of $74.24 and a 1 year high of $168.07. The firm has a market cap of $2,933.82, a PE ratio of 30.00 and a beta of 1.16.

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

In other Rogers news, SVP Jeffrey M. Grudzien sold 1,888 shares of the 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 transaction, the senior vice president now owns 24,192 shares of the company’s stock, valued at $3,828,867.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Bruce D. Hoechner sold 23,200 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $133.23, for a total transaction of $3,090,936.00. The disclosure for this sale can be found here. Insiders have sold 28,570 shares of company stock worth $3,847,144 in the last three months. Insiders own 1.50% of the company’s stock.

Large investors have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. raised its stake in Rogers by 178.3% during the third quarter. Oppenheimer Asset Management Inc. now owns 782 shares of the electronics maker’s stock worth $105,000 after purchasing an additional 501 shares during the period. Quantbot Technologies LP raised its stake in Rogers by 852.9% during the third quarter. Quantbot Technologies LP now owns 1,134 shares of the electronics maker’s stock worth $151,000 after purchasing an additional 1,015 shares during the period. Victory Capital Management Inc. raised its stake in Rogers by 17.5% during the second quarter. Victory Capital Management Inc. now owns 1,414 shares of the electronics maker’s stock worth $154,000 after purchasing an additional 211 shares during the period. Riverhead Capital Management LLC raised its stake in Rogers by 87.4% during the second quarter. Riverhead Capital Management LLC now owns 1,499 shares of the electronics maker’s stock worth $163,000 after purchasing an additional 699 shares during the period. Finally, San Francisco Sentry Investment Group CA purchased a new position in Rogers during the second quarter worth approximately $163,000. 93.26% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Rogers (NYSE:ROG)

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