Rogers (NYSE:ROG) Now Covered by Analysts at CL King

CL King began coverage on shares of Rogers (NYSE:ROG) in a report issued on Monday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $85.00 price target on the electronics maker’s stock. CL King’s price objective would indicate a potential upside of 25.49% from the stock’s current price.

Rogers Stock Down 4.4 %

Rogers stock opened at $67.73 on Monday. The firm has a fifty day simple moving average of $84.08 and a two-hundred day simple moving average of $96.67. Rogers has a twelve month low of $67.40 and a twelve month high of $134.07. The company has a market capitalization of $1.25 billion, a PE ratio of 48.04 and a beta of 0.56.

Rogers (NYSE:ROG) last issued its earnings results on Wednesday, February 19th. The electronics maker reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.03. Rogers had a return on equity of 3.98% and a net margin of 3.14%. The company had revenue of $192.20 million during the quarter, compared to analysts’ expectations of $191.75 million. During the same period in the prior year, the business posted $0.60 EPS. As a group, equities analysts expect that Rogers will post 3.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Rogers

Several institutional investors have recently added to or reduced their stakes in ROG. Charles Schwab Investment Management Inc. raised its stake in shares of Rogers by 5.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 229,603 shares of the electronics maker’s stock valued at $25,947,000 after acquiring an additional 11,876 shares during the last quarter. Quantbot Technologies LP bought a new position in Rogers during the 3rd quarter valued at approximately $720,000. FMR LLC raised its position in Rogers by 83.1% during 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 last quarter. BNP Paribas Financial Markets lifted its holdings in Rogers by 948.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 126,353 shares of the electronics maker’s stock worth $14,279,000 after buying an additional 114,302 shares during the period. Finally, Edgestream Partners L.P. grew its position in shares of Rogers by 321.4% in the 3rd quarter. Edgestream Partners L.P. now owns 10,972 shares of the electronics maker’s stock worth $1,240,000 after buying an additional 8,368 shares during the last quarter. Hedge funds and other institutional investors 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.