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

Several other equities research analysts also recently commented on ROG. Sidoti upgraded shares of Rogers Corporation from a neutral rating to a buy rating in a research note on Tuesday, April 11th. B. Riley restated a buy rating and issued a $105.00 target price on shares of Rogers Corporation in a research note on Monday, April 24th. Needham & Company LLC restated a buy rating and issued a $115.00 target price (up previously from $91.00) on shares of Rogers Corporation in a research note on Friday, April 28th. Zacks Investment Research upgraded shares of Rogers Corporation from a hold rating to a strong-buy rating and set a $122.00 target price on the stock in a research note on Wednesday, May 3rd. Finally, Royal Bank Of Canada restated an outperform rating on shares of Rogers Corporation in a research note on Tuesday, May 23rd. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $120.50.

Shares of Rogers Corporation (ROG) traded up 0.52% during mid-day trading on Thursday, reaching $116.15. 140,020 shares of the company traded hands. The stock’s 50 day moving average is $111.02 and its 200 day moving average is $95.10. Rogers Corporation has a 52-week low of $51.98 and a 52-week high of $119.46. The stock has a market capitalization of $2.11 billion, a PE ratio of 35.14 and a beta of 1.15.

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In related news, Director Peter C. Wallace sold 2,000 shares of the company’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $107.28, for a total transaction of $214,560.00. Following the transaction, the director now owns 14,300 shares in the company, valued at approximately $1,534,104. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Christopher Shadday sold 1,000 shares of the company’s stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $105.88, for a total transaction of $105,880.00. Following the transaction, the senior vice president now owns 4,234 shares in the company, valued at approximately $448,295.92. The disclosure for this sale can be found here. Insiders sold a total of 4,850 shares of company stock worth $522,452 in the last 90 days. 1.50% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Creative Planning increased its position in shares of Rogers Corporation by 6,455.6% in the second quarter. Creative Planning now owns 1,180 shares of the electronics maker’s stock valued at $128,000 after buying an additional 1,162 shares during the period. SG Americas Securities LLC bought a new position in shares of Rogers Corporation during the first quarter valued at about $106,000. Ameritas Investment Partners Inc. bought a new position in shares of Rogers Corporation during the first quarter valued at about $123,000. Envestnet Asset Management Inc. increased its position in shares of Rogers Corporation by 8.8% in the first quarter. Envestnet Asset Management Inc. now owns 1,954 shares of the electronics maker’s stock valued at $168,000 after buying an additional 158 shares during the period. Finally, State of Alaska Department of Revenue increased its position in shares of Rogers Corporation by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 1,990 shares of the electronics maker’s stock valued at $170,000 after buying an additional 40 shares during the period. Institutional investors and hedge funds own 93.13% 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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