Rogers Co. (NYSE:ROG) VP Sells $47,287.80 in Stock

Rogers Co. (NYSE:ROG) VP Griffin Melaney Gappert sold 756 shares of the company’s stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $62.55, for a total value of $47,287.80. Following the completion of the transaction, the vice president now owns 4,484 shares of the company’s stock, valued at $280,474.20. The trade was a 14.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Rogers Price Performance

Shares of NYSE:ROG opened at $63.64 on Thursday. The firm has a market capitalization of $1.18 billion, a PE ratio of 45.13 and a beta of 0.41. Rogers Co. has a 12 month low of $51.43 and a 12 month high of $134.07. The business has a 50-day moving average of $65.50 and a two-hundred day moving average of $87.41.

Rogers (NYSE:ROG) last posted its quarterly earnings results on Tuesday, April 29th. The electronics maker reported $0.27 EPS for the quarter, beating the consensus estimate of $0.24 by $0.03. Rogers had a net margin of 3.14% and a return on equity of 3.98%. The firm had revenue of $190.50 million for the quarter, compared to analyst estimates of $187.50 million. As a group, research analysts anticipate that Rogers Co. will post 3.57 earnings per share for the current year.

Institutional Trading of Rogers

A number of institutional investors have recently added to or reduced their stakes in the business. Barclays PLC lifted its stake in shares of Rogers by 285.5% during the third quarter. Barclays PLC now owns 30,580 shares of the electronics maker’s stock worth $3,457,000 after purchasing an additional 22,647 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Rogers by 29.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 77,211 shares of the electronics maker’s stock worth $8,726,000 after acquiring an additional 17,648 shares during the period. Procyon Advisors LLC grew its position in Rogers by 11.9% in the fourth quarter. Procyon Advisors LLC now owns 3,108 shares of the electronics maker’s stock valued at $316,000 after acquiring an additional 331 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Rogers during the fourth quarter valued at approximately $286,000. Finally, Inspire Investing LLC lifted its position in shares of Rogers by 5.7% during the fourth quarter. Inspire Investing LLC now owns 4,327 shares of the electronics maker’s stock worth $440,000 after purchasing an additional 232 shares in the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on ROG. CL King initiated coverage on shares of Rogers in a report on Monday, March 31st. They set a “buy” rating and a $85.00 price objective on the stock. B. Riley lifted their price target on shares of Rogers from $80.00 to $85.00 and gave the company a “buy” rating in a report on Wednesday, April 30th.

Rogers Company Profile

Rogers Corporation engages in the design, development, manufacture, and sale of engineered materials and components worldwide. It operates through Advanced Electronics Solutions (AES), Elastomeric Material Solutions (EMS), and Other segments. The AES segment offers circuit materials, ceramic substrate materials, busbars, and cooling solutions for applications in electric and hybrid electric vehicles (EV/HEV), wireless infrastructure, automotive, renewable energy, aerospace and defense, mass transit, industrial, connected devices, and wired infrastructure.