Rogers Corporation (ROG) SVP Robert C. Daigle Sells 1,766 Shares
Rogers Corporation (NYSE:ROG) SVP Robert C. Daigle sold 1,766 shares of Rogers Corporation stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $133.04, for a total value of $234,948.64. Following the completion of the sale, the senior vice president now directly owns 20,330 shares of the company’s stock, valued at approximately $2,704,703.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Robert C. Daigle also recently made the following trade(s):
- On Tuesday, August 1st, Robert C. Daigle sold 4,485 shares of Rogers Corporation stock. The stock was sold at an average price of $121.52, for a total value of $545,017.20.
Rogers Corporation (NYSE ROG) opened at 136.92 on Wednesday. The firm has a market cap of $2.49 billion, a PE ratio of 33.02 and a beta of 1.16. The company has a 50-day moving average price of $122.31 and a 200-day moving average price of $108.44. Rogers Corporation has a one year low of $51.98 and a one year high of $136.97.
Rogers Corporation (NYSE:ROG) last announced its quarterly earnings data on Monday, July 31st. The electronics maker reported $1.33 EPS for the quarter, beating the Zacks’ 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 firm’s revenue was up 27.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.88 earnings per share. Equities analysts predict that Rogers Corporation will post $5.55 earnings per share for the current fiscal year.
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Large investors have recently modified their holdings of the business. SG Americas Securities LLC purchased a new position in shares of Rogers Corporation during the 1st quarter valued at $106,000. Ameritas Investment Partners Inc. purchased a new stake in shares of Rogers Corporation during the first quarter worth $123,000. Creative Planning raised its holdings in shares of Rogers Corporation by 6,455.6% during the second quarter. Creative Planning now owns 1,180 shares of the electronics maker’s stock worth $128,000 after acquiring an additional 1,162 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Rogers Corporation by 17.5% during the second quarter. Victory Capital Management Inc. now owns 1,414 shares of the electronics maker’s stock worth $154,000 after acquiring an additional 211 shares in the last quarter. Finally, Riverhead Capital Management LLC raised its holdings in shares of Rogers Corporation by 87.4% during the second quarter. Riverhead Capital Management LLC now owns 1,499 shares of the electronics maker’s stock worth $163,000 after acquiring an additional 699 shares in the last quarter. 92.89% of the stock is owned by institutional investors.
A number of analysts have issued reports on ROG shares. BidaskClub raised Rogers Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. B. Riley reaffirmed a “buy” rating and set a $147.00 price objective on shares of Rogers Corporation in a research note on Tuesday, August 15th. Needham & Company LLC reiterated a “buy” rating and set a $135.00 price objective (up from $115.00) on shares of Rogers Corporation in a report on Wednesday, August 2nd. Sidoti reiterated a “buy” rating and set a $125.00 price objective (up from $120.00) on shares of Rogers Corporation in a report on Monday, June 19th. Finally, Zacks Investment Research cut shares of Rogers Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 28th. Eight equities research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average price target of $134.25.
About Rogers Corporation
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.
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