Shares of Rogers Corporation (NYSE:ROG) have been given an average recommendation of “Buy” by the eight research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $135.67.

Several equities analysts have recently weighed in on ROG shares. Zacks Investment Research downgraded shares of Rogers Corporation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Needham & Company LLC reissued a “buy” rating and issued a $135.00 price target (up from $115.00) on shares of Rogers Corporation in a research note on Wednesday, August 2nd. B. Riley reissued a “buy” rating and issued a $147.00 price target on shares of Rogers Corporation in a research note on Tuesday, August 15th. Finally, BidaskClub raised shares of Rogers Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th.

Rogers Corporation (ROG) traded up 0.50% during mid-day trading on Friday, hitting $139.08. 60,057 shares of the stock were exchanged. The stock has a market cap of $2.53 billion, a PE ratio of 33.54 and a beta of 1.16. Rogers Corporation has a 52-week low of $51.98 and a 52-week high of $140.00. The stock’s 50 day moving average is $130.25 and its 200 day moving average is $113.01.

Rogers Corporation (NYSE:ROG) last posted its quarterly earnings results on Monday, July 31st. The electronics maker reported $1.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.13. The firm had revenue of $201.40 million for the quarter, compared to the consensus estimate of $195.60 million. Rogers Corporation had a net margin of 10.21% and a return on equity of 13.28%. The company’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same period last year, the firm posted $0.88 earnings per share. Analysts forecast that Rogers Corporation will post $5.55 EPS for the current fiscal year.

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In related news, SVP Robert C. Daigle sold 4,485 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $121.52, for a total transaction of $545,017.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bruce D. Hoechner sold 23,200 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $133.23, for a total transaction of $3,090,936.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,466 shares of company stock valued at $5,189,628. 1.50% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in Rogers Corporation by 60,174.9% during the first quarter. BlackRock Inc. now owns 2,189,786 shares of the electronics maker’s stock worth $188,037,000 after purchasing an additional 2,186,153 shares during the last quarter. Vanguard Group Inc. increased its position in Rogers Corporation 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 increased its position in Rogers Corporation by 1.9% during the second quarter. Neuberger Berman Group LLC now owns 1,533,535 shares of the electronics maker’s stock worth $166,573,000 after purchasing an additional 28,911 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Rogers Corporation 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. Finally, Northern Trust Corp increased its position in Rogers Corporation 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. Hedge funds and other institutional investors own 92.89% 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.

Analyst Recommendations for Rogers Corporation (NYSE:ROG)

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