Rogers Co. (NYSE:ROG) SVP Jeffrey M. Grudzien sold 1,430 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $155.83, for a total transaction of $222,836.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Rogers Co. (NYSE:ROG) traded up $2.42 during trading on Wednesday, reaching $158.43. 69,788 shares of the company were exchanged, compared to its average volume of 163,040. The company has a market capitalization of $2,873.60, a P/E ratio of 34.29 and a beta of 1.22. Rogers Co. has a 1-year low of $80.35 and a 1-year high of $184.00. The company has a current ratio of 3.74, a quick ratio of 2.74 and a debt-to-equity ratio of 0.18.
Institutional investors and hedge funds have recently made changes to their positions in the company. Oppenheimer Asset Management Inc. grew its position in shares of Rogers by 178.3% in the 3rd 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 during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Rogers by 59.0% in the 4th 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 during the period. Quantbot Technologies LP grew its position in shares of Rogers by 852.9% in the 3rd 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 during the period. Ameritas Investment Partners Inc. grew its position in shares of Rogers by 10.2% in the 2nd 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 during the period. Finally, LPL Financial LLC bought a new position in shares of Rogers in the 4th quarter valued at about $201,000. 93.08% of the stock is owned by institutional investors.
A number of research firms recently weighed in on ROG. Zacks Investment Research downgraded shares of Rogers from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $165.00 target price on shares of Rogers in a research report on Friday, November 3rd. ValuEngine downgraded shares of Rogers from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, B. Riley raised their target price on shares of Rogers from $147.00 to $180.00 and gave the company a “buy” rating in a research report on Sunday, November 5th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $164.00.
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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