Rogers Corporation (NYSE:ROG)‘s stock had its “buy” rating reaffirmed by analysts at B. Riley in a research report issued on Monday. They presently have a $180.00 target price on the electronics maker’s stock, up from their previous target price of $147.00. B. Riley’s price target suggests a potential upside of 23.98% from the stock’s current price.

A number of other research analysts have also recently weighed in on the company. Zacks Investment Research cut Rogers Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. BidaskClub cut Rogers Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $135.00 price objective (up from $115.00) on shares of Rogers Corporation in a research report on Wednesday, August 2nd. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Rogers Corporation presently has a consensus rating of “Buy” and an average target price of $134.25.

Rogers Corporation (NYSE:ROG) last posted its quarterly earnings data on Thursday, November 2nd. The electronics maker reported $1.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.15. Rogers Corporation had a return on equity of 13.28% and a net margin of 10.21%. The firm had revenue of $206.80 million for the quarter, compared to analysts’ expectations of $198.16 million. During the same period in the previous year, the firm earned $0.86 EPS. The business’s quarterly revenue was up 25.1% on a year-over-year basis.

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In related news, insider Bruce D. Hoechner sold 23,200 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $133.23, for a total value of $3,090,936.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Robert C. Daigle sold 208 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $135.86, for a total value of $28,258.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 35,981 shares of company stock worth $4,644,611. 1.50% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of ROG. SG Americas Securities LLC purchased a new position in Rogers Corporation in the 1st quarter worth approximately $106,000. Creative Planning lifted its holdings in Rogers Corporation by 6,455.6% in the 2nd quarter. Creative Planning now owns 1,180 shares of the electronics maker’s stock worth $128,000 after purchasing an additional 1,162 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Rogers Corporation by 17.5% in the 2nd quarter. Victory Capital Management Inc. now owns 1,414 shares of the electronics maker’s stock worth $154,000 after purchasing an additional 211 shares in the last quarter. Riverhead Capital Management LLC lifted its holdings in Rogers Corporation by 87.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,499 shares of the electronics maker’s stock worth $163,000 after purchasing an additional 699 shares in the last quarter. Finally, San Francisco Sentry Investment Group CA purchased a new position in Rogers Corporation in the 2nd quarter worth approximately $163,000. 93.53% of the stock is currently owned by institutional investors.

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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