Rogers Corporation (NYSE:ROG) has been given an average recommendation of “Buy” by the eight brokerages that are covering the stock, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a buy recommendation. The average 12-month price target among brokers that have covered the stock in the last year is $134.25.

ROG has been the topic of a number of research analyst reports. Sidoti restated a “buy” rating and issued a $125.00 target price (up from $120.00) on shares of Rogers Corporation in a research note on Monday, June 19th. BidaskClub downgraded shares of Rogers Corporation from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 16th. B. Riley restated a “buy” rating and issued a $147.00 target price on shares of Rogers Corporation in a research note on Sunday, August 20th. Zacks Investment Research upgraded shares of Rogers Corporation from a “hold” rating to a “buy” rating and set a $130.00 target price on the stock in a research note on Friday, August 18th. Finally, Needham & Company LLC restated a “buy” rating and issued a $135.00 target price (up from $115.00) on shares of Rogers Corporation in a research note on Wednesday, August 2nd.

In other news, SVP Jeffrey M. Grudzien sold 3,042 shares of the stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $114.08, for a total transaction of $347,031.36. Following the transaction, the senior vice president now directly owns 28,022 shares in the company, valued at $3,196,749.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Robert C. Daigle sold 509 shares of the stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $128.15, for a total transaction of $65,228.35. Following the transaction, the senior vice president now owns 22,915 shares in the company, valued at $2,936,557.25. The disclosure for this sale can be found here. Insiders sold a total of 14,838 shares of company stock worth $1,776,187 over the last 90 days. Insiders own 1.50% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Navellier & Associates Inc bought a new position in shares of Rogers Corporation during the second quarter valued at approximately $432,000. Piedmont Investment Advisors LLC bought a new position in shares of Rogers Corporation during the second quarter valued at approximately $426,000. Ameritas Investment Partners Inc. boosted its stake in shares of Rogers Corporation by 10.2% during the second quarter. Ameritas Investment Partners Inc. now owns 1,584 shares of the electronics maker’s stock valued at $172,000 after purchasing an additional 147 shares in the last quarter. Walthausen & Co. LLC boosted its stake in shares of Rogers Corporation by 103.1% during the second quarter. Walthausen & Co. LLC now owns 176,942 shares of the electronics maker’s stock valued at $19,219,000 after purchasing an additional 89,838 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Rogers Corporation by 4.1% during the second quarter. State Street Corp now owns 445,798 shares of the electronics maker’s stock valued at $48,420,000 after purchasing an additional 17,726 shares in the last quarter. Hedge funds and other institutional investors own 92.89% of the company’s stock.

Shares of Rogers Corporation (ROG) traded down 0.04% during mid-day trading on Wednesday, reaching $127.02. 88,203 shares of the company’s stock traded hands. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 30.63 and a beta of 1.15. Rogers Corporation has a 12-month low of $51.98 and a 12-month high of $128.53. The stock has a 50-day moving average price of $118.88 and a 200 day moving average price of $105.01.

Rogers Corporation (NYSE:ROG) last issued its earnings results on Monday, July 31st. The electronics maker reported $1.33 EPS for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.13. The business 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 company’s revenue for the quarter was up 27.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.88 EPS. Analysts anticipate that Rogers Corporation will post $5.55 EPS for the current fiscal year.

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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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