Rogers Co. (ROG) CEO Bruce D. Hoechner Sells 300 Shares

Rogers Co. (NYSE:ROG) CEO Bruce D. Hoechner sold 300 shares of Rogers stock in a transaction dated Friday, September 21st. The shares were sold at an average price of $150.00, for a total transaction of $45,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Bruce D. Hoechner also recently made the following trade(s):

  • On Monday, September 24th, Bruce D. Hoechner sold 4,500 shares of Rogers stock. The shares were sold at an average price of $150.04, for a total transaction of $675,180.00.

NYSE:ROG traded up $3.65 on Tuesday, reaching $153.67. 218,000 shares of the stock traded hands, compared to its average volume of 144,991. The firm has a market cap of $2.74 billion, a P/E ratio of 26.18 and a beta of 1.53. The company has a debt-to-equity ratio of 0.17, a quick ratio of 3.72 and a current ratio of 4.92. Rogers Co. has a 12 month low of $105.60 and a 12 month high of $184.00.

Rogers (NYSE:ROG) last released its quarterly earnings data on Tuesday, July 31st. The electronics maker reported $1.19 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.14). The firm had revenue of $214.68 million for the quarter, compared to the consensus estimate of $214.33 million. Rogers had a net margin of 8.99% and a return on equity of 13.02%. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.33 earnings per share. equities research analysts predict that Rogers Co. will post 5.47 EPS for the current year.

A number of brokerages recently issued reports on ROG. B. Riley lifted their price target on shares of Rogers from $150.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, September 18th. ValuEngine raised shares of Rogers from a “hold” rating to a “buy” rating in a research report on Tuesday, August 28th. Zacks Investment Research raised shares of Rogers from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Sidoti restated a “buy” rating and set a $175.00 price objective on shares of Rogers in a research note on Thursday, September 6th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Rogers currently has a consensus rating of “Buy” and a consensus target price of $175.25.

A number of large investors have recently added to or reduced their stakes in ROG. SG Americas Securities LLC bought a new stake in Rogers during the 1st quarter valued at about $219,000. Swiss National Bank increased its stake in Rogers by 2.3% during the 1st quarter. Swiss National Bank now owns 31,700 shares of the electronics maker’s stock valued at $3,789,000 after purchasing an additional 700 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Rogers by 3.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 107,093 shares of the electronics maker’s stock valued at $12,802,000 after purchasing an additional 3,489 shares in the last quarter. Systematic Financial Management LP bought a new stake in Rogers during the 1st quarter valued at about $1,352,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in Rogers during the 1st quarter valued at about $213,000. Institutional investors and hedge funds own 93.94% of the company’s stock.

About Rogers

Rogers Corporation designs, develops, manufactures, and sells engineered materials and components worldwide. The company's Advanced Connectivity Solutions segment offers circuit materials and solutions for connectivity applications in wireless communications infrastructure, automotive, connected devices, wired infrastructure, consumer electronics, and aerospace/defense.

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