Rogers Corporation (NYSE:ROG) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

A number of other equities analysts have also issued reports on ROG. B. Riley reissued a “buy” rating and issued a $105.00 price objective on shares of Rogers Corporation in a report on Monday, April 24th. Needham & Company LLC reissued a “buy” rating and issued a $115.00 price objective (up from $91.00) on shares of Rogers Corporation in a report on Friday, April 28th. Zacks Investment Research raised Rogers Corporation from a “hold” rating to a “strong-buy” rating and set a $122.00 price objective for the company in a report on Wednesday, May 3rd. Royal Bank Of Canada reissued an “outperform” rating on shares of Rogers Corporation in a report on Tuesday, May 23rd. Finally, Sidoti reissued a “buy” rating and issued a $125.00 price objective (up from $120.00) on shares of Rogers Corporation in a report on Monday, June 19th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $132.25.

Rogers Corporation (NYSE ROG) opened at 118.48 on Friday. Rogers Corporation has a 52 week low of $51.98 and a 52 week high of $123.38. The firm has a 50 day moving average price of $113.97 and a 200 day moving average price of $97.75. The stock has a market capitalization of $2.15 billion, a P/E ratio of 28.57 and a beta of 1.16.

Rogers Corporation (NYSE:ROG) last announced its quarterly earnings results on Monday, July 31st. The electronics maker reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.13. Rogers Corporation had a return on equity of 13.28% and a net margin of 10.21%. The business had revenue of $201.40 million for the quarter, compared to analysts’ expectations of $195.60 million. During the same period in the prior year, the firm earned $0.88 EPS. The business’s quarterly revenue was up 27.9% on a year-over-year basis. Equities research analysts predict that Rogers Corporation will post $5.55 earnings per share for the current year.

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In other Rogers Corporation news, Director Peter C. Wallace sold 2,000 shares of the stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $107.28, for a total transaction of $214,560.00. Following the completion of the transaction, the director now directly owns 14,300 shares of the company’s stock, valued at approximately $1,534,104. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Robert C. Daigle sold 4,485 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $121.52, for a total value of $545,017.20. The disclosure for this sale can be found here. Insiders sold a total of 8,335 shares of company stock valued at $961,589 over the last three months. Corporate insiders own 1.50% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of Rogers Corporation by 60,174.9% in the first quarter. BlackRock Inc. now owns 2,189,786 shares of the electronics maker’s stock worth $188,037,000 after buying an additional 2,186,153 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Rogers Corporation by 5.3% in the second quarter. Vanguard Group Inc. now owns 1,636,085 shares of the electronics maker’s stock worth $177,712,000 after buying an additional 82,322 shares during the last quarter. Neuberger Berman Group LLC raised its position in shares of Rogers Corporation by 1.9% in the second quarter. Neuberger Berman Group LLC now owns 1,533,535 shares of the electronics maker’s stock worth $166,573,000 after buying an additional 28,911 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Rogers Corporation by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,049,565 shares of the electronics maker’s stock worth $114,004,000 after buying an additional 5,406 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Rogers Corporation by 3.4% in the second quarter. Northern Trust Corp now owns 618,786 shares of the electronics maker’s stock worth $67,212,000 after buying an additional 20,253 shares during the last quarter. 92.86% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Rogers Corporation (NYSE:ROG)

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