Rogers Corporation (ROG) Receives “Buy” Rating from Sidoti

Sidoti reissued their buy rating on shares of Rogers Corporation (NYSE:ROG) in a research report report published on Monday. They currently have a $125.00 target price on the electronics maker’s stock, up from their prior target price of $120.00.

Other equities research analysts have also recently issued research reports about the stock. BidaskClub cut shares of Rogers Corporation from a strong-buy rating to a buy rating in a research report on Friday. B. Riley reiterated a buy rating and set a $105.00 target price on shares of Rogers Corporation in a research report on Monday, March 6th. Needham & Company LLC increased their target price on shares of Rogers Corporation from $79.00 to $91.00 and gave the stock a buy rating in a research report on Tuesday, February 21st. Zacks Investment Research cut shares of Rogers Corporation from a buy rating to a hold rating in a research report on Tuesday, March 14th. Finally, Royal Bank Of Canada reiterated an outperform rating on shares of Rogers Corporation in a research report on Tuesday, May 23rd. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Buy and an average price target of $112.40.

Analyst Recommendations for Rogers Corporation (NYSE:ROG)

Rogers Corporation (NYSE:ROG) traded down 1.66% on Monday, reaching $105.88. 23,064 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $107.87 and a 200-day moving average of $88.24. Rogers Corporation has a 12 month low of $51.98 and a 12 month high of $113.26. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 32.04 and a beta of 1.10.

Rogers Corporation (NYSE:ROG) last announced its earnings results on Wednesday, April 26th. The electronics maker reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.53. The business had revenue of $203.80 million during the quarter, compared to analysts’ expectations of $190.48 million. Rogers Corporation had a net margin of 8.63% and a return on equity of 12.50%. The firm’s revenue for the quarter was up 26.9% on a year-over-year basis. During the same quarter last year, the company posted $0.94 EPS. On average, equities analysts expect that Rogers Corporation will post $5.33 earnings per share for the current year.

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In other Rogers Corporation news, Director Peter C. Wallace sold 2,000 shares of the firm’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $107.28, for a total value of $214,560.00. Following the completion of the sale, the director now owns 14,300 shares in the company, valued at approximately $1,534,104. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Robert C. Daigle sold 18,872 shares of the firm’s stock in a transaction dated Thursday, April 27th. The shares were sold at an average price of $98.48, for a total transaction of $1,858,514.56. Following the completion of the sale, the senior vice president now owns 35,579 shares of the company’s stock, valued at approximately $3,503,819.92. The disclosure for this sale can be found here. Insiders sold a total of 25,722 shares of company stock valued at $2,544,106 in the last 90 days. Corporate insiders own 1.50% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio boosted its stake in Rogers Corporation by 2.9% in the first quarter. Public Employees Retirement System of Ohio now owns 6,787 shares of the electronics maker’s stock valued at $583,000 after buying an additional 189 shares during the last quarter. HighTower Advisors LLC boosted its stake in Rogers Corporation by 0.7% in the first quarter. HighTower Advisors LLC now owns 5,842 shares of the electronics maker’s stock valued at $502,000 after buying an additional 42 shares during the last quarter. Paloma Partners Management Co bought a new stake in Rogers Corporation during the first quarter valued at $204,000. AQR Capital Management LLC boosted its stake in Rogers Corporation by 38.3% in the first quarter. AQR Capital Management LLC now owns 120,867 shares of the electronics maker’s stock valued at $10,379,000 after buying an additional 33,450 shares during the last quarter. Finally, State Street Corp boosted its stake in Rogers Corporation by 5.5% in the first quarter. State Street Corp now owns 428,072 shares of the electronics maker’s stock valued at $36,761,000 after buying an additional 22,288 shares during the last quarter. Hedge funds and other institutional investors own 93.96% 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “ROG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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