Rogers (NYSE:ROG)‘s stock had its “buy” rating restated by B. Riley in a research report issued on Friday. They presently have a $180.00 target price on the electronics maker’s stock. B. Riley’s price objective would suggest a potential upside of 14.96% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Rogers from a “hold” rating to a “buy” rating and set a $130.00 target price on the stock in a report on Friday, August 18th. Needham & Company LLC reaffirmed a “buy” rating and issued a $165.00 target price on shares of Rogers in a report on Friday, November 3rd. Finally, ValuEngine cut shares of Rogers from a “buy” rating to a “hold” rating in a report on Friday, December 1st. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Rogers presently has a consensus rating of “Buy” and an average target price of $160.25.

Shares of Rogers (ROG) traded down $1.57 on Friday, hitting $156.57. 100,800 shares of the stock traded hands, compared to its average volume of 129,339. The firm has a market capitalization of $2,885.09, a PE ratio of 29.50 and a beta of 1.16. Rogers has a 1-year low of $74.24 and a 1-year high of $168.07. 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 (NYSE:ROG) last issued its quarterly earnings results on Thursday, November 2nd. The electronics maker reported $1.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.15. The business had revenue of $206.80 million for the quarter, compared to analysts’ expectations of $198.16 million. Rogers had a net margin of 10.88% and a return on equity of 14.22%. The business’s quarterly revenue was up 25.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.86 earnings per share. equities research analysts forecast that Rogers will post 5.85 EPS for the current year.

In other Rogers news, SVP Robert C. Daigle sold 545 shares of the stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $127.82, for a total value of $69,661.90. Following the transaction, the senior vice president now directly owns 23,362 shares in the company, valued at $2,986,130.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bruce D. Hoechner sold 23,200 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $133.23, for a total transaction of $3,090,936.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,570 shares of company stock worth $3,847,144. 1.50% of the stock is owned by corporate insiders.

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% during the third quarter. Oppenheimer Asset Management Inc. now owns 782 shares of the electronics maker’s stock worth $105,000 after acquiring an additional 501 shares during the last quarter. Quantbot Technologies LP grew its position in shares of Rogers by 852.9% during the third quarter. Quantbot Technologies LP now owns 1,134 shares of the electronics maker’s stock worth $151,000 after acquiring an additional 1,015 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Rogers 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 during the last quarter. Riverhead Capital Management LLC grew its position in shares of Rogers 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 during the last quarter. Finally, San Francisco Sentry Investment Group CA purchased a new position in shares of Rogers during the second quarter worth approximately $163,000. Institutional investors and hedge funds own 93.26% 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.

Analyst Recommendations for Rogers (NYSE:ROG)

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