Rogers Corporation (ROG) SVP Sells $259,291.48 in Stock
Rogers Corporation (NYSE:ROG) SVP Robert C. Daigle sold 2,074 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $125.02, for a total transaction of $259,291.48. Following the completion of the transaction, the senior vice president now owns 25,565 shares of the company’s stock, valued at $3,196,136.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Robert C. Daigle also recently made the following trade(s):
- On Tuesday, August 1st, Robert C. Daigle sold 4,485 shares of Rogers Corporation stock. The stock was sold at an average price of $121.52, for a total transaction of $545,017.20.
Shares of Rogers Corporation (NYSE ROG) opened at 126.17 on Monday. Rogers Corporation has a 52 week low of $51.98 and a 52 week high of $126.50. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 30.42 and a beta of 1.15. The firm’s 50-day moving average is $118.26 and its 200-day moving average is $104.08.
Rogers Corporation (NYSE:ROG) last posted its quarterly earnings data on Monday, July 31st. The electronics maker reported $1.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.13. Rogers Corporation had a net margin of 10.21% and a return on equity of 13.28%. The business had revenue of $201.40 million during the quarter, compared to the consensus estimate of $195.60 million. During the same period in the previous year, the firm posted $0.88 earnings per share. The business’s revenue for the quarter was up 27.9% compared to the same quarter last year. Analysts forecast that Rogers Corporation will post $5.55 earnings per share for the current fiscal year.
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Several large investors have recently bought and sold shares of ROG. SG Americas Securities LLC acquired a new stake in shares of Rogers Corporation during the first quarter worth $106,000. Ameritas Investment Partners Inc. acquired a new stake in shares of Rogers Corporation during the first quarter worth $123,000. Creative Planning lifted its stake in shares of Rogers Corporation by 6,455.6% during the second quarter. Creative Planning now owns 1,180 shares of the electronics maker’s stock worth $128,000 after buying an additional 1,162 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Rogers Corporation 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 buying an additional 211 shares during the period. Finally, Riverhead Capital Management LLC lifted its stake in shares of Rogers Corporation 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 buying an additional 699 shares during the period. Institutional investors and hedge funds own 92.89% of the company’s stock.
A number of equities analysts recently weighed in on the stock. B. Riley restated a “buy” rating and issued a $147.00 price objective on shares of Rogers Corporation in a report on Sunday, August 20th. Zacks Investment Research lowered shares of Rogers Corporation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 28th. BidaskClub lowered shares of Rogers Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Sidoti reiterated a “buy” rating and set a $125.00 target price (up from $120.00) on shares of Rogers Corporation in a research note on Monday, June 19th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Rogers Corporation in a research note on Tuesday, May 23rd. Eight research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average target price of $134.25.
Rogers Corporation 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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