Rogers (ROG) Cut to “Hold” at ValuEngine

ValuEngine cut shares of Rogers (NYSE:ROG) from a buy rating to a hold rating in a report released on Friday.

ROG has been the topic of a number of other reports. B. Riley restated a buy rating and set a $147.00 price target on shares of Rogers in a research note on Sunday, August 20th. Zacks Investment Research upgraded Rogers from a hold rating to a strong-buy rating and set a $171.00 price target on the stock in a research note on Wednesday, November 8th. Needham & Company LLC restated a buy rating and set a $165.00 price target on shares of Rogers in a research note on Friday, November 3rd. Finally, BidaskClub upgraded Rogers from a hold rating to a buy rating in a research note on Saturday, August 12th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $160.25.

Rogers (NYSE:ROG) traded down $2.93 during trading hours on Friday, reaching $158.17. The company’s stock had a trading volume of 217,300 shares, compared to its average volume of 128,551. The company has a quick ratio of 2.74, a current ratio of 3.74 and a debt-to-equity ratio of 0.18. Rogers has a one year low of $72.13 and a one year high of $168.07. The firm has a market capitalization of $2,885.64, a PE ratio of 29.51 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, topping analysts’ consensus estimates of $1.26 by $0.15. Rogers had a return on equity of 14.22% and a net margin of 10.88%. The company had revenue of $206.80 million for the quarter, compared to analysts’ expectations of $198.16 million. During the same period in the prior year, the firm earned $0.86 earnings per share. The firm’s revenue was up 25.1% compared to the same quarter last year. equities analysts predict that Rogers will post 5.85 earnings per share for the current fiscal year.

In other news, SVP Robert C. Daigle sold 208 shares of the stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $135.86, for a total value of $28,258.88. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Bruce D. Hoechner sold 23,200 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $133.23, for a total value of $3,090,936.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,327 shares of company stock worth $4,191,128. Insiders own 1.50% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Rogers by 5.3% during the second quarter. Vanguard Group Inc. now owns 1,636,085 shares of the electronics maker’s stock worth $177,712,000 after purchasing an additional 82,322 shares during the last quarter. Neuberger Berman Group LLC grew its holdings in shares of Rogers by 2.1% during the third quarter. Neuberger Berman Group LLC now owns 1,565,202 shares of the electronics maker’s stock worth $208,610,000 after purchasing an additional 31,667 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Rogers by 0.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,049,565 shares of the electronics maker’s stock worth $114,004,000 after purchasing an additional 5,406 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Rogers by 3.4% during the second quarter. Northern Trust Corp now owns 618,786 shares of the electronics maker’s stock worth $67,212,000 after purchasing an additional 20,253 shares during the last quarter. Finally, Conestoga Capital Advisors LLC grew its holdings in shares of Rogers by 41.2% during the third quarter. Conestoga Capital Advisors LLC now owns 451,983 shares of the electronics maker’s stock worth $60,240,000 after purchasing an additional 131,853 shares during the last quarter. 93.26% of the stock is currently owned by hedge funds and other institutional investors.

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About Rogers

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Rogers (NYSE:ROG)

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