Rogers (NYSE:ROG) Earns Outperform Rating from Analysts at CJS Securities

CJS Securities began coverage on shares of Rogers (NYSE:ROG – Get Rating) in a report released on Tuesday morning, The Fly reports. The brokerage issued an outperform rating and a $185.00 price objective on the electronics maker’s stock.

Other equities research analysts also recently issued research reports about the company. TheStreet raised Rogers from a d+ rating to a c- rating in a research report on Tuesday, February 14th. B. Riley boosted their price target on Rogers from $180.00 to $185.00 in a research report on Wednesday, March 1st. Finally, StockNews.com downgraded Rogers from a hold rating to a sell rating in a research report on Saturday, November 19th.

Rogers Price Performance

Shares of NYSE:ROG opened at $156.32 on Tuesday. The company has a market cap of $2.91 billion, a P/E ratio of 24.96 and a beta of 0.98. The company has a quick ratio of 3.35, a current ratio of 4.63 and a debt-to-equity ratio of 0.18. Rogers has a 52 week low of $98.45 and a 52 week high of $274.51. The business has a fifty day simple moving average of $141.46 and a 200-day simple moving average of $166.75.

Insiders Place Their Bets

In related news, Director Carol R. Jensen sold 1,000 shares of the business’s stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $154.28, for a total value of $154,280.00. Following the transaction, the director now owns 12,538 shares in the company, valued at $1,934,362.64. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Rogers

A number of institutional investors have recently added to or reduced their stakes in ROG. Wipfli Financial Advisors LLC acquired a new stake in shares of Rogers in the third quarter worth $32,000. Concord Wealth Partners acquired a new position in shares of Rogers in the 4th quarter valued at $34,000. Silvant Capital Management LLC bought a new position in shares of Rogers during the third quarter valued at $76,000. Quadrant Capital Group LLC boosted its stake in Rogers by 147.8% in the third quarter. Quadrant Capital Group LLC now owns 342 shares of the electronics maker’s stock worth $83,000 after purchasing an additional 204 shares in the last quarter. Finally, Covestor Ltd raised its position in Rogers by 5,866.7% in the 1st quarter. Covestor Ltd now owns 358 shares of the electronics maker’s stock worth $97,000 after purchasing an additional 352 shares during the last quarter. 95.35% of the stock is currently owned by institutional investors and hedge funds.

About Rogers

(Get Rating)

Rogers Corp. engages in the design, development, manufacture, and sale of engineered materials and components for mission critical applications. It operates through the following segments: Advanced Electronics Solutions (AES) and Elastomeric Material Solutions (EMS), and Other. The AES segment offers manufactures and sells circuit materials, ceramic substrate materials, busbars and cooling solutions for applications in electric and hybrid electric vehicles, wireless infrastructure, automotive, telematics and thermal solutions, aerospace and defense, mass transit, clean energy, connected devices and wired infrastructures.