Rogers Corporation (ROG) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Rogers Corporation (NYSE:ROG) from a hold rating to a strong-buy rating in a research note published on Wednesday morning. Zacks Investment Research currently has $171.00 target price on the electronics maker’s stock.

According to Zacks, “Roche is a leader in research-focused healthcare with combined strengths in pharmaceuticals and diagnostics. Roche is the world’s largest biotech company, with truly differentiated medicines in oncology, immunology, infectious diseases, ophthalmology and neuroscience. Roche is also the world leader in in vitro diagnostics and tissue-based cancer diagnostics, and a frontrunner in diabetes management. The Company develops medicines for various disease areas, including oncology, immunology, infectious diseases, ophthalmology and neuroscience. Its pharmaceutical products include Anaprox, Avastin, Bactrim, Bondronat, CellCept, Cotellic, Dilatrend, Dormicum, Invirase, Kadcyla, Kytril (Kevatril), Lariam, MabThera, Madopar, Neupogen, Pegasys, Perjeta, Pulmozyme, Rocaltrol, Rocephin and Roferon-A. The Company offers products for researchers, including cell analysis, gene expression, genome sequencing and nucleic acid purification. “

Several other research analysts have also commented on the company. B. Riley lifted their price target on Rogers Corporation from $147.00 to $180.00 and gave the stock a buy rating in a research report on Sunday, November 5th. Needham & Company LLC reiterated a buy rating and issued a $165.00 price target on shares of Rogers Corporation in a research report on Friday, November 3rd. Finally, BidaskClub upgraded Rogers Corporation from a hold rating to a buy rating in a research report on Saturday, August 12th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Rogers Corporation has a consensus rating of Buy and a consensus target price of $160.25.

Shares of Rogers Corporation (ROG) traded up $2.78 during trading on Wednesday, hitting $153.00. The stock had a trading volume of 143,300 shares, compared to its average volume of 208,507. The stock has a market capitalization of $2,791.33, a price-to-earnings ratio of 28.54 and a beta of 1.14. The company has a current ratio of 3.74, a quick ratio of 2.74 and a debt-to-equity ratio of 0.18. Rogers Corporation has a 52-week low of $67.60 and a 52-week high of $154.00.

Rogers Corporation (NYSE:ROG) last released its quarterly earnings results on Thursday, November 2nd. The electronics maker reported $1.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.15. The company had revenue of $206.80 million during the quarter, compared to analyst estimates of $198.16 million. Rogers Corporation had a return on equity of 14.22% and a net margin of 10.88%. The firm’s revenue was up 25.1% on a year-over-year basis. During the same quarter last year, the business posted $0.86 earnings per share. sell-side analysts forecast that Rogers Corporation will post 5.85 earnings per share for the current fiscal year.

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In other Rogers Corporation news, SVP Jeffrey M. Grudzien sold 3,042 shares of the firm’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $114.08, for a total value of $347,031.36. Following the completion of the sale, the senior vice president now owns 28,022 shares of the company’s stock, valued at $3,196,749.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Robert C. Daigle sold 208 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $135.86, for a total transaction of $28,258.88. The disclosure for this sale can be found here. In the last three months, insiders sold 35,981 shares of company stock valued at $4,644,611. 1.50% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. lifted its stake in Rogers Corporation by 60,174.9% in the first quarter. BlackRock Inc. now owns 2,189,786 shares of the electronics maker’s stock worth $188,037,000 after purchasing an additional 2,186,153 shares during the last quarter. Vanguard Group Inc. lifted its stake in Rogers Corporation by 5.3% in the second quarter. Vanguard Group Inc. now owns 1,636,085 shares of the electronics maker’s stock worth $177,712,000 after purchasing an additional 82,322 shares during the last quarter. Neuberger Berman Group LLC lifted its stake in Rogers Corporation by 1.9% in the second quarter. Neuberger Berman Group LLC now owns 1,533,535 shares of the electronics maker’s stock worth $166,573,000 after purchasing an additional 28,911 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Rogers Corporation by 0.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,049,565 shares of the electronics maker’s stock worth $114,004,000 after purchasing an additional 5,406 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Rogers Corporation by 3.4% during the second quarter. Northern Trust Corp now owns 618,786 shares of the electronics maker’s stock valued at $67,212,000 after acquiring an additional 20,253 shares in the last quarter. 93.41% of the stock is owned by institutional investors and hedge funds.

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.

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