Rogers Corporation (NYSE:ROG) insider Bruce D. Hoechner sold 23,200 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $133.23, for a total transaction of $3,090,936.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Rogers Corporation (ROG) traded up 0.963% during trading on Thursday, reaching $137.815. 26,632 shares of the company were exchanged. The firm’s 50-day moving average is $122.89 and its 200 day moving average is $108.65. The company has a market capitalization of $2.50 billion, a P/E ratio of 33.232 and a beta of 1.16. Rogers Corporation has a one year low of $51.98 and a one year high of $138.00.

Rogers Corporation (NYSE:ROG) last announced its earnings results on Monday, July 31st. The electronics maker reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.13. The business had revenue of $201.40 million for the quarter, compared to the consensus estimate of $195.60 million. Rogers Corporation had a net margin of 10.21% and a return on equity of 13.28%. Rogers Corporation’s quarterly revenue was up 27.9% on a year-over-year basis. During the same period last year, the firm posted $0.88 earnings per share. On average, analysts anticipate that Rogers Corporation will post $5.55 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This piece of content was first published by Marea Informative and is owned by of Marea Informative. If you are viewing this piece of content on another site, it was stolen and reposted in violation of US and international copyright law. The original version of this piece of content can be viewed at http://www.mareainformativa.com/rogers-corporation-rog-insider-bruce-d-hoechner-sells-23200-shares/117332/.

ROG has been the subject of several analyst reports. BidaskClub cut shares of Rogers Corporation from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 16th. B. Riley restated a “buy” rating and issued a $147.00 target price on shares of Rogers Corporation in a research report on Sunday, August 20th. Zacks Investment Research cut shares of Rogers Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Sidoti restated a “buy” rating and issued a $125.00 target price (up from $120.00) on shares of Rogers Corporation in a research report on Monday, June 19th. Finally, Needham & Company LLC restated a “buy” rating and issued a $135.00 target price (up from $115.00) on shares of Rogers Corporation in a research report on Wednesday, August 2nd. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $134.25.

A number of institutional investors and hedge funds have recently made changes to their positions in ROG. Russell Investments Group Ltd. raised its stake in Rogers Corporation by 40.6% in the first quarter. Russell Investments Group Ltd. now owns 14,200 shares of the electronics maker’s stock valued at $1,219,000 after purchasing an additional 4,102 shares in the last quarter. Wells Fargo & Company MN raised its stake in Rogers Corporation by 5.0% in the first quarter. Wells Fargo & Company MN now owns 81,816 shares of the electronics maker’s stock valued at $7,026,000 after purchasing an additional 3,876 shares in the last quarter. US Bancorp DE raised its stake in Rogers Corporation by 2.0% in the first quarter. US Bancorp DE now owns 6,390 shares of the electronics maker’s stock valued at $549,000 after purchasing an additional 124 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Rogers Corporation by 31.4% in the first quarter. Bank of New York Mellon Corp now owns 326,777 shares of the electronics maker’s stock valued at $28,060,000 after purchasing an additional 78,105 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its stake in Rogers Corporation by 84.3% in the first quarter. UBS Asset Management Americas Inc. now owns 6,267 shares of the electronics maker’s stock valued at $538,000 after purchasing an additional 2,867 shares in the last quarter. 92.89% of the stock is currently owned by institutional investors and hedge funds.

Rogers Corporation Company Profile

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.

Insider Buying and Selling by Quarter for Rogers Corporation (NYSE:ROG)

Receive News & Stock Ratings for Rogers Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rogers Corporation and related stocks with our FREE daily email newsletter.