Rogers (NYSE:ROG) Coverage Initiated by Analysts at CL King

Stock analysts at CL King began coverage on shares of Rogers (NYSE:ROG) in a report issued on Monday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $85.00 price target on the electronics maker’s stock. CL King’s price objective suggests a potential upside of 26.56% from the stock’s previous close.

Rogers Trading Down 0.5 %

Shares of NYSE ROG opened at $67.16 on Monday. The firm has a market cap of $1.24 billion, a PE ratio of 47.63 and a beta of 0.56. The company has a fifty day moving average price of $82.90 and a 200 day moving average price of $96.17. Rogers has a 1-year low of $65.70 and a 1-year high of $134.07.

Rogers (NYSE:ROG) last announced its earnings results on Wednesday, February 19th. The electronics maker reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. The business had revenue of $192.20 million for the quarter, compared to analyst estimates of $191.75 million. Rogers had a return on equity of 3.98% and a net margin of 3.14%. During the same quarter last year, the firm earned $0.60 EPS. Equities research analysts forecast that Rogers will post 3.57 EPS for the current year.

Institutional Trading of Rogers

Hedge funds and other institutional investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. raised its stake in shares of Rogers by 5.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 229,603 shares of the electronics maker’s stock worth $25,947,000 after purchasing an additional 11,876 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Rogers during the 3rd quarter worth about $720,000. FMR LLC raised its holdings in shares of Rogers by 83.1% in the 3rd quarter. FMR LLC now owns 2,309 shares of the electronics maker’s stock valued at $261,000 after purchasing an additional 1,048 shares during the period. BNP Paribas Financial Markets lifted its stake in Rogers by 948.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 126,353 shares of the electronics maker’s stock valued at $14,279,000 after purchasing an additional 114,302 shares during the last quarter. Finally, Edgestream Partners L.P. grew its holdings in Rogers by 321.4% during the third quarter. Edgestream Partners L.P. now owns 10,972 shares of the electronics maker’s stock worth $1,240,000 after purchasing an additional 8,368 shares during the period. Institutional investors and hedge funds own 96.02% of the company’s stock.

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.