Insider Selling: Rogers Co. (ROG) Director Sells $232,500.00 in Stock

Rogers Co. (NYSE:ROG) Director Ganesh Moorthy sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $155.00, for a total value of $232,500.00. Following the sale, the director now owns 7,500 shares of the company’s stock, valued at approximately $1,162,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Rogers stock opened at $155.25 on Friday. Rogers Co. has a 12-month low of $89.21 and a 12-month high of $160.23. The firm has a market cap of $2.83 billion, a P/E ratio of 26.91 and a beta of 2.01. The company has a quick ratio of 3.22, a current ratio of 4.53 and a debt-to-equity ratio of 0.27.

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Rogers (NYSE:ROG) last announced its quarterly earnings results on Wednesday, February 20th. The electronics maker reported $1.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.40. Rogers had a return on equity of 13.15% and a net margin of 9.97%. The business had revenue of $222.94 million during the quarter, compared to the consensus estimate of $220.38 million. During the same quarter in the prior year, the company posted $1.36 earnings per share. Rogers’s revenue was up 6.7% compared to the same quarter last year. On average, equities analysts anticipate that Rogers Co. will post 5.93 EPS for the current year.

Institutional investors have recently made changes to their positions in the stock. Loomis Sayles & Co. L P grew its holdings in Rogers by 1.1% during the third quarter. Loomis Sayles & Co. L P now owns 91,920 shares of the electronics maker’s stock worth $13,542,000 after buying an additional 993 shares in the last quarter. Bridge City Capital LLC grew its holdings in Rogers by 12.2% during the fourth quarter. Bridge City Capital LLC now owns 9,028 shares of the electronics maker’s stock worth $894,000 after buying an additional 982 shares in the last quarter. Janus Henderson Group PLC grew its holdings in Rogers by 7.6% during the third quarter. Janus Henderson Group PLC now owns 1,032,496 shares of the electronics maker’s stock worth $152,107,000 after buying an additional 72,603 shares in the last quarter. Vanguard Group Inc grew its holdings in Rogers by 2.6% during the third quarter. Vanguard Group Inc now owns 1,867,288 shares of the electronics maker’s stock worth $275,089,000 after buying an additional 46,605 shares in the last quarter. Finally, Federated Investors Inc. PA grew its holdings in Rogers by 131.7% during the third quarter. Federated Investors Inc. PA now owns 75,300 shares of the electronics maker’s stock worth $11,093,000 after buying an additional 42,800 shares in the last quarter. Institutional investors and hedge funds own 99.03% of the company’s stock.

Several research firms have recently commented on ROG. Zacks Investment Research downgraded Rogers from a “hold” rating to a “sell” rating in a report on Tuesday, November 6th. B. Riley boosted their price objective on Rogers from $155.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, February 21st. ValuEngine downgraded Rogers from a “buy” rating to a “hold” rating in a report on Tuesday, December 11th. Finally, Needham & Company LLC restated a “buy” rating and set a $155.00 price objective on shares of Rogers in a report on Thursday, February 21st. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Rogers currently has an average rating of “Buy” and a consensus price target of $163.33.

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About Rogers

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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