Rogers Co. (ROG) SVP Sells $450,030.00 in Stock

Rogers Co. (NYSE:ROG) SVP Gary M. Glandon sold 3,000 shares of the firm’s stock in a transaction on Monday, September 24th. The stock was sold at an average price of $150.01, for a total transaction of $450,030.00. The sale was disclosed in a document filed with the SEC, which is available through this link.

ROG stock traded up $3.65 during mid-day trading on Tuesday, hitting $153.67. 218,000 shares of the company were exchanged, 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 current ratio of 4.92 and a quick ratio of 3.72. Rogers Co. has a twelve month low of $105.60 and a twelve month high of $184.00.

Rogers (NYSE:ROG) last announced its quarterly earnings data on Tuesday, July 31st. The electronics maker reported $1.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.33 by ($0.14). The company had revenue of $214.68 million for the quarter, compared to analyst estimates of $214.33 million. Rogers had a return on equity of 13.02% and a net margin of 8.99%. Rogers’s revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.33 earnings per share. sell-side analysts expect that Rogers Co. will post 5.47 EPS for the current year.

Hedge funds have recently made changes to their positions in the business. Northern Trust Corp boosted its holdings in shares of Rogers by 0.7% in the 2nd quarter. Northern Trust Corp now owns 433,278 shares of the electronics maker’s stock valued at $48,293,000 after buying an additional 3,091 shares during the period. WINTON GROUP Ltd acquired a new position in shares of Rogers in the 2nd quarter valued at about $226,000. Global X Management Co LLC acquired a new position in shares of Rogers in the 2nd quarter valued at about $217,000. Sterling Capital Management LLC boosted its holdings in shares of Rogers by 31.4% in the 2nd quarter. Sterling Capital Management LLC now owns 33,408 shares of the electronics maker’s stock valued at $3,724,000 after buying an additional 7,981 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of Rogers by 108.7% in the 2nd quarter. Bank of America Corp DE now owns 62,306 shares of the electronics maker’s stock valued at $6,945,000 after buying an additional 32,446 shares during the period. 93.94% of the stock is owned by institutional investors.

Several research analysts have weighed in on the stock. Zacks Investment Research raised shares of Rogers from a “sell” rating to a “hold” rating in a report on Tuesday. B. Riley raised their price objective on shares of Rogers from $150.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, September 18th. ValuEngine raised shares of Rogers from a “hold” rating to a “buy” rating in a report on Tuesday, August 28th. Finally, Sidoti reissued a “buy” rating and set a $175.00 price objective on shares of Rogers in a report on Thursday, September 6th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $175.25.

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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