Rogers Corporation (NYSE:ROG) SVP Robert C. Daigle sold 2,074 shares of the firm’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $125.02, for a total transaction of $259,291.48. Following the transaction, the senior vice president now directly owns 25,565 shares of the company’s stock, valued at $3,196,136.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Robert C. Daigle also recently made the following trade(s):
- On Tuesday, August 1st, Robert C. Daigle sold 4,485 shares of Rogers Corporation stock. The shares were sold at an average price of $121.52, for a total transaction of $545,017.20.
Rogers Corporation (NYSE ROG) traded up 1.65% during trading on Friday, reaching $126.17. 168,009 shares of the company traded hands. Rogers Corporation has a 52 week low of $51.98 and a 52 week high of $126.50. The company has a market capitalization of $2.29 billion, a P/E ratio of 30.42 and a beta of 1.15. The firm has a 50-day moving average price of $118.26 and a 200-day moving average price of $104.08.
Rogers Corporation (NYSE:ROG) last posted its quarterly earnings data on Monday, July 31st. The electronics maker reported $1.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.13. The company had revenue of $201.40 million during the quarter, compared to analysts’ expectations of $195.60 million. Rogers Corporation had a net margin of 10.21% and a return on equity of 13.28%. The firm’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.88 earnings per share. Analysts forecast that Rogers Corporation will post $5.55 earnings per share for the current fiscal year.
Several equities analysts recently weighed in on the stock. B. Riley reaffirmed a “buy” rating and set a $147.00 target price on shares of Rogers Corporation in a research note on Sunday, August 20th. Zacks Investment Research cut shares of Rogers Corporation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 28th. BidaskClub cut shares of Rogers Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Sidoti reaffirmed a “buy” rating and set a $125.00 target price (up from $120.00) on shares of Rogers Corporation in a research note on Monday, June 19th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Rogers Corporation in a research note on Tuesday, May 23rd. Eight investment analysts have rated the stock with a buy rating, Rogers Corporation currently has a consensus rating of “Buy” and a consensus target price of $134.25.
A number of large investors have recently bought and sold shares of ROG. SG Americas Securities LLC acquired a new position in Rogers Corporation during the first quarter worth $106,000. Ameritas Investment Partners Inc. acquired a new position in Rogers Corporation during the first quarter worth $123,000. Creative Planning raised its position in Rogers Corporation by 6,455.6% during the second quarter. Creative Planning now owns 1,180 shares of the electronics maker’s stock worth $128,000 after acquiring an additional 1,162 shares during the period. Victory Capital Management Inc. raised its position in Rogers Corporation 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 acquiring an additional 211 shares during the period. Finally, Riverhead Capital Management LLC raised its position in Rogers Corporation 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 acquiring an additional 699 shares during the period. Institutional investors own 93.42% of the company’s stock.
Rogers Corporation 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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