Rogers (ROG) Upgraded to “Hold” by ValuEngine

ValuEngine upgraded shares of Rogers (NYSE:ROG) from a sell rating to a hold rating in a research report released on Monday morning.

Other equities analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Rogers from a hold rating to a strong sell rating in a research report on Wednesday, May 2nd. B. Riley reduced their price objective on shares of Rogers from $180.00 to $155.00 and set a buy rating for the company in a research report on Friday, April 27th. Finally, Needham & Company LLC restated a buy rating and set a $175.00 price objective (down previously from $180.00) on shares of Rogers in a research report on Thursday, March 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. Rogers presently has an average rating of Buy and a consensus price target of $156.50.

Rogers opened at $120.02 on Monday, Marketbeat reports. Rogers has a twelve month low of $116.97 and a twelve month high of $118.19. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.76 and a quick ratio of 3.68. The stock has a market cap of $2.18 billion, a PE ratio of 21.31 and a beta of 1.51.

Rogers (NYSE:ROG) last posted its quarterly earnings data on Thursday, April 26th. The electronics maker reported $1.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.39 by $0.09. Rogers had a net margin of 9.56% and a return on equity of 13.71%. The company had revenue of $214.61 million during the quarter, compared to analyst estimates of $212.07 million. During the same quarter last year, the firm posted $1.68 EPS. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. equities research analysts expect that Rogers will post 5.88 earnings per share for the current year.

In other Rogers news, SVP Jeffrey M. Grudzien sold 1,430 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $155.83, for a total transaction of $222,836.90. Following the completion of the sale, the senior vice president now directly owns 23,293 shares of the company’s stock, valued at $3,629,748.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Janice E. Stipp sold 9,392 shares of the company’s stock in a transaction dated Tuesday, May 1st. The shares were sold at an average price of $109.00, for a total transaction of $1,023,728.00. Following the sale, the chief financial officer now directly owns 17,666 shares of the company’s stock, valued at $1,925,594. The disclosure for this sale can be found here. Insiders have sold 21,578 shares of company stock valued at $2,458,036 over the last ninety days. Insiders own 1.50% of the company’s stock.

A number of hedge funds have recently bought and sold shares of ROG. William Blair Investment Management LLC lifted its stake in Rogers by 6,488.6% during the fourth quarter. William Blair Investment Management LLC now owns 1,007,996 shares of the electronics maker’s stock valued at $163,215,000 after buying an additional 992,697 shares in the last quarter. Standard Life Aberdeen plc purchased a new stake in Rogers during the fourth quarter valued at about $39,942,000. Thrivent Financial for Lutherans lifted its stake in Rogers by 1,503.9% during the first quarter. Thrivent Financial for Lutherans now owns 181,123 shares of the electronics maker’s stock valued at $21,652,000 after buying an additional 169,830 shares in the last quarter. OppenheimerFunds Inc. lifted its stake in Rogers by 2,714.0% during the fourth quarter. OppenheimerFunds Inc. now owns 126,405 shares of the electronics maker’s stock valued at $20,468,000 after buying an additional 121,913 shares in the last quarter. Finally, Artisan Partners Limited Partnership lifted its position in shares of Rogers by 102.2% in the first quarter. Artisan Partners Limited Partnership now owns 227,224 shares of the electronics maker’s stock worth $27,162,000 after purchasing an additional 114,835 shares in the last quarter. 96.97% of the stock is owned by institutional investors.

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.

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

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