Zacks Investment Research downgraded shares of Rogers (NYSE:ROG) from a hold rating to a sell rating in a research note issued to investors on Friday.

According to Zacks, “Rogers Corporation is a global leader in engineered materials to power, protect, and connect their world. With more than 180 years of materials science experience, Rogers delivers high-performance solutions that enable clean energy, internet connectivity, and safety and protection applications, as well as other technologies where reliability is critical. Rogers delivers Power Electronics Solutions for energy-efficient motor drives, e-Mobility and renewable energy; Elastomeric Material Solutions for sealing, vibration management and impact protection in mobile devices, transportation interiors, industrial equipment and performance apparel; and Advanced Connectivity Solutions for wireless infrastructure, automotive safety and radar systems. Headquartered in Arizona (USA), Rogers operates manufacturing facilities in the United States, China, Germany, Belgium, Hungary, and South Korea, with joint ventures and sales offices worldwide. “

ROG has been the subject of a number of other reports. ValuEngine raised Rogers from a sell rating to a hold rating in a research report on Monday, May 14th. B. Riley decreased their target price on Rogers from $155.00 to $150.00 and set a buy rating for the company in a research report on Wednesday, August 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of Hold and an average target price of $165.33.

Shares of Rogers opened at $132.02 on Friday, Marketbeat reports. Rogers has a one year low of $105.60 and a one year high of $184.00. The stock has a market capitalization of $2.34 billion, a P/E ratio of 22.68 and a beta of 1.44. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.92 and a quick ratio of 3.68.

Rogers (NYSE:ROG) last issued its earnings results on Tuesday, July 31st. The electronics maker reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.14). Rogers had a net margin of 8.99% and a return on equity of 13.02%. The firm had revenue of $214.68 million during the quarter, compared to the consensus estimate of $214.33 million. During the same period in the previous year, the firm earned $1.33 earnings per share. The business’s quarterly revenue was up 6.6% on a year-over-year basis. analysts expect that Rogers will post 5.47 EPS for the current fiscal year.

In other Rogers news, SVP Jeffrey M. Grudzien sold 1,379 shares of the business’s stock in a transaction that occurred on Monday, May 21st. The stock was sold at an average price of $119.73, for a total transaction of $165,107.67. Following the completion of the sale, the senior vice president now directly owns 24,743 shares of the company’s stock, valued at approximately $2,962,479.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.96% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of ROG. Mount Yale Investment Advisors LLC bought a new stake in Rogers during the 1st quarter worth approximately $111,000. LPL Financial LLC bought a new stake in Rogers during the 4th quarter worth approximately $201,000. Oppenheimer Asset Management Inc. bought a new stake in Rogers during the 1st quarter worth approximately $213,000. SG Americas Securities LLC bought a new stake in Rogers during the 1st quarter worth approximately $219,000. Finally, Cubist Systematic Strategies LLC bought a new stake in Rogers during the 1st quarter worth approximately $223,000. 93.44% of the stock is owned by hedge funds and other institutional investors.

Rogers Company Profile

Rogers Corporation designs, develops, manufactures, and sells engineered materials and components worldwide. The company's Advanced Connectivity Solutions segment offers circuit materials and solutions for connectivity applications in wireless communications infrastructure, automotive, connected devices, wired infrastructure, consumer electronics, and aerospace/defense.

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