Rogers Co. (NYSE:ROG) CEO Sells $1,248,746.00 in Stock

Rogers Co. (NYSE:ROG) CEO Bruce D. Hoechner sold 6,700 shares of the stock in a transaction that occurred on Friday, February 19th. The stock was sold at an average price of $186.38, for a total value of $1,248,746.00. Following the transaction, the chief executive officer now directly owns 96,266 shares in the company, valued at approximately $17,942,057.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of ROG opened at $191.89 on Tuesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.43 and a current ratio of 4.46. Rogers Co. has a 1 year low of $75.72 and a 1 year high of $195.38. The firm has a fifty day moving average of $171.89 and a 200-day moving average of $137.05. The company has a market cap of $3.58 billion, a price-to-earnings ratio of 619.02 and a beta of 1.82.

Rogers (NYSE:ROG) last posted its earnings results on Wednesday, February 17th. The electronics maker reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.16. Rogers had a net margin of 0.77% and a return on equity of 9.06%. Analysts predict that Rogers Co. will post 4.89 EPS for the current year.

Several research firms recently issued reports on ROG. TheStreet raised Rogers from a “c+” rating to a “b” rating in a research report on Thursday, February 18th. Zacks Investment Research cut shares of Rogers from a “buy” rating to a “hold” rating in a report on Wednesday, December 30th. Finally, B. Riley lifted their price target on shares of Rogers from $215.00 to $225.00 and gave the company a “buy” rating in a report on Friday.

A number of hedge funds have recently modified their holdings of the stock. Point72 Hong Kong Ltd bought a new stake in Rogers during the 3rd quarter valued at $33,000. Veriti Management LLC acquired a new position in shares of Rogers during the fourth quarter valued at $98,000. Solstein Capital LLC bought a new stake in shares of Rogers during the third quarter valued at about $250,000. Stockman Wealth Management Inc. acquired a new stake in Rogers in the fourth quarter worth about $207,000. Finally, Garrison Point Advisors LLC bought a new position in Rogers in the 4th quarter valued at about $233,000. 94.49% of the stock is owned by institutional investors and hedge funds.

About Rogers

Rogers Corporation designs, develops, manufactures, and sells engineered materials and components worldwide. It operates in Advanced Connectivity Solutions (ACS), Elastomeric Material Solutions (EMS), Power Electronics Solutions (PES), and Other segments. The ACS segment offers circuit materials and solutions for connectivity applications in wireless infrastructure, automotive, aerospace and defense, connected devices, and wired infrastructure under the RO4000, RO3000, RT/duroid, TMM, AD Series, CuClad, Kappa, DiClad, IsoClad, COOLSPAN, MAGTREX, TC Series, IM Series, 92ML, and CLTE Series names.

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