Rogers Co. (ROG) CEO Bruce D. Hoechner Sells 4,200 Shares

Rogers Co. (NYSE:ROG) CEO Bruce D. Hoechner sold 4,200 shares of the business’s stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $150.04, for a total value of $630,168.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Bruce D. Hoechner also recently made the following trade(s):

  • On Friday, September 21st, Bruce D. Hoechner sold 300 shares of Rogers stock. The stock was sold at an average price of $150.00, for a total value of $45,000.00.
  • On Monday, September 24th, Bruce D. Hoechner sold 4,500 shares of Rogers stock. The stock was sold at an average price of $150.04, for a total value of $675,180.00.

ROG stock opened at $152.07 on Thursday. The company has a market capitalization of $2.76 billion, a P/E ratio of 26.88 and a beta of 1.54. Rogers Co. has a 12-month low of $105.60 and a 12-month high of $184.00. The company has a current ratio of 4.92, a quick ratio of 3.72 and a debt-to-equity ratio of 0.17.

Rogers (NYSE:ROG) last released its quarterly earnings data on Tuesday, July 31st. The electronics maker reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.14). The business had revenue of $214.68 million during the quarter, compared to the consensus estimate of $214.33 million. Rogers had a net margin of 8.99% and a return on equity of 13.02%. The business’s revenue was up 6.6% compared to the same quarter last year. During the same period last year, the company posted $1.33 earnings per share. analysts forecast that Rogers Co. will post 5.47 EPS for the current year.

Several equities analysts recently issued reports on ROG shares. Zacks Investment Research raised Rogers from a “sell” rating to a “hold” rating in a research report on Tuesday. B. Riley upped their price objective on Rogers from $150.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, September 18th. ValuEngine raised Rogers from a “hold” rating to a “buy” rating in a research report on Tuesday, August 28th. Finally, Sidoti reaffirmed a “buy” rating and issued a $175.00 price objective on shares of Rogers in a research report on Thursday, September 6th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Rogers presently has an average rating of “Buy” and an average target price of $175.25.

A number of hedge funds have recently added to or reduced their stakes in ROG. SG Americas Securities LLC bought a new position in Rogers in the 1st quarter valued at approximately $219,000. Swiss National Bank lifted its position in Rogers by 2.3% in the 1st quarter. Swiss National Bank now owns 31,700 shares of the electronics maker’s stock valued at $3,789,000 after acquiring an additional 700 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Rogers by 3.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 107,093 shares of the electronics maker’s stock valued at $12,802,000 after buying an additional 3,489 shares during the last quarter. Systematic Financial Management LP purchased a new stake in Rogers during the 1st quarter valued at $1,352,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in Rogers during the 1st quarter valued at $213,000. 93.94% of the stock is currently owned by institutional investors and hedge funds.

Rogers Company Profile

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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