Rogers Co. (ROG) Receives Average Recommendation of “Buy” from Analysts

Rogers Co. (NYSE:ROG) has been assigned a consensus recommendation of “Buy” from the seven analysts that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $161.67.

Several analysts have commented on the company. Zacks Investment Research lowered Rogers from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 4th. Needham & Company LLC reissued a “buy” rating and issued a $165.00 price objective on shares of Rogers in a report on Friday, November 3rd. ValuEngine lowered Rogers from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, B. Riley raised their price objective on Rogers from $147.00 to $180.00 and gave the company a “buy” rating in a report on Sunday, November 5th.

Shares of Rogers (NYSE ROG) opened at $157.51 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.74 and a quick ratio of 2.74. Rogers has a 1-year low of $78.52 and a 1-year high of $184.00. The company has a market capitalization of $2,867.58, a P/E ratio of 34.09 and a beta of 1.22.

In other Rogers news, SVP Jeffrey M. Grudzien sold 1,888 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $158.27, for a total value of $298,813.76. Following the sale, the senior vice president now directly owns 24,192 shares of the company’s stock, valued at $3,828,867.84. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.50% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. lifted its position in shares of Rogers by 178.3% in the third quarter. Oppenheimer Asset Management Inc. now owns 782 shares of the electronics maker’s stock valued at $105,000 after acquiring an additional 501 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Rogers by 59.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 916 shares of the electronics maker’s stock valued at $148,000 after acquiring an additional 340 shares in the last quarter. Quantbot Technologies LP lifted its position in shares of Rogers by 852.9% in the third quarter. Quantbot Technologies LP now owns 1,134 shares of the electronics maker’s stock valued at $151,000 after acquiring an additional 1,015 shares in the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of Rogers by 10.2% in the second quarter. Ameritas Investment Partners Inc. now owns 1,584 shares of the electronics maker’s stock valued at $172,000 after acquiring an additional 147 shares in the last quarter. Finally, LPL Financial LLC purchased a new position in shares of Rogers in the fourth quarter valued at approximately $201,000. Institutional investors and hedge funds own 92.72% of the company’s stock.

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Rogers 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.

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