Rogers Co. (ROG) CEO Bruce D. Hoechner Sells 4,200 Shares
Rogers Co. (NYSE:ROG) CEO Bruce D. Hoechner sold 4,200 shares of the firm’s stock in a transaction on Monday, September 24th. The stock was sold at an average price of $150.04, for a total value of $630,168.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Bruce D. Hoechner also recently made the following trade(s):
- On Friday, September 21st, Bruce D. Hoechner sold 300 shares of Rogers stock. The stock was sold at an average price of $150.00, for a total value of $45,000.00.
- On Monday, September 24th, Bruce D. Hoechner sold 4,500 shares of Rogers stock. The stock was sold at an average price of $150.04, for a total value of $675,180.00.
Shares of NYSE ROG opened at $153.67 on Wednesday. Rogers Co. has a twelve month low of $105.60 and a twelve month high of $184.00. The company has a quick ratio of 3.72, a current ratio of 4.92 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $2.74 billion, a PE ratio of 26.68 and a beta of 1.53.
A number of equities research analysts have recently weighed in on ROG shares. Zacks Investment Research raised Rogers from a “sell” rating to a “hold” rating in a research note on Thursday, June 28th. B. Riley dropped their price objective on Rogers from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Wednesday, August 1st. ValuEngine raised Rogers from a “hold” rating to a “buy” rating in a research note on Tuesday, August 28th. Finally, Sidoti reaffirmed a “buy” rating and issued a $175.00 price objective on shares of Rogers in a research note on Thursday, September 6th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $175.25.
Several hedge funds and other institutional investors have recently modified their holdings of ROG. Mount Yale Investment Advisors LLC purchased a new position in Rogers in the first quarter valued at $111,000. Oppenheimer Asset Management Inc. purchased a new position in Rogers in the first quarter valued at $213,000. Global X Management Co LLC purchased a new position in Rogers in the second quarter valued at $217,000. SG Americas Securities LLC purchased a new position in Rogers in the first quarter valued at $219,000. Finally, Cubist Systematic Strategies LLC purchased a new position in Rogers in the first quarter valued at $223,000. 93.94% of the stock is owned by institutional investors and hedge funds.
Rogers Company Profile
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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