Rogers (ROG) Reaches New 12-Month Low at $100.15

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Rogers Co. (NYSE:ROG) reached a new 52-week low during trading on Tuesday . The company traded as low as $100.15 and last traded at $101.02, with a volume of 123027 shares trading hands. The stock had previously closed at $103.04.

A number of research firms recently commented on ROG. ValuEngine raised Rogers from a “hold” rating to a “buy” rating in a research report on Tuesday, August 28th. B. Riley raised their target price on Rogers from $150.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, September 18th. Zacks Investment Research raised Rogers from a “sell” rating to a “hold” rating in a research report on Thursday, September 6th. Finally, Sidoti reaffirmed a “buy” rating and set a $175.00 target price on shares of Rogers in a research report on Thursday, September 6th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $176.67.

The stock has a market cap of $1.89 billion, a PE ratio of 17.54 and a beta of 1.67. The company has a quick ratio of 3.22, a current ratio of 4.39 and a debt-to-equity ratio of 0.29.

Rogers (NYSE:ROG) last announced its earnings results on Thursday, November 1st. The electronics maker reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.11. Rogers had a return on equity of 12.78% and a net margin of 8.11%. The firm had revenue of $226.90 million during the quarter, compared to analyst estimates of $224.89 million. During the same period last year, the firm posted $1.41 EPS. The business’s revenue was up 9.7% compared to the same quarter last year. As a group, analysts predict that Rogers Co. will post 5.36 EPS for the current year.

In other news, CEO Bruce D. Hoechner sold 300 shares of the stock in a transaction on Friday, September 21st. The stock was sold at an average price of $150.00, for a total transaction of $45,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jay B. Knoll sold 1,250 shares of the firm’s stock in a transaction dated Friday, September 28th. The stock was sold at an average price of $151.58, for a total value of $189,475.00. Following the completion of the transaction, the senior vice president now owns 7,007 shares of the company’s stock, valued at approximately $1,062,121.06. The disclosure for this sale can be found here. Insiders have sold a total of 15,596 shares of company stock valued at $2,341,753 in the last quarter. 0.96% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of ROG. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Rogers during the second quarter worth $433,000. Sei Investments Co. increased its holdings in Rogers by 4.4% during the second quarter. Sei Investments Co. now owns 57,605 shares of the electronics maker’s stock worth $6,421,000 after buying an additional 2,436 shares during the last quarter. Rhumbline Advisers increased its holdings in Rogers by 4.7% during the second quarter. Rhumbline Advisers now owns 45,156 shares of the electronics maker’s stock worth $5,033,000 after buying an additional 2,007 shares during the last quarter. SG Americas Securities LLC increased its holdings in Rogers by 278.9% during the second quarter. SG Americas Securities LLC now owns 6,937 shares of the electronics maker’s stock worth $773,000 after buying an additional 5,106 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in Rogers by 9.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 117,530 shares of the electronics maker’s stock worth $13,100,000 after buying an additional 10,437 shares during the last quarter. Institutional investors and hedge funds own 93.89% of the company’s stock.

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About Rogers (NYSE:ROG)

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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