StockNews.com started coverage on shares of Rogers (NYSE:ROG – Get Rating) in a report published on Thursday. The firm issued a sell rating on the electronics maker’s stock.
A number of other research firms have also recently issued reports on ROG. TheStreet upgraded shares of Rogers from a d+ rating to a c- rating in a research report on Tuesday, February 14th. B. Riley upped their target price on shares of Rogers from $180.00 to $185.00 in a research note on Wednesday, March 1st. Finally, CJS Securities initiated coverage on shares of Rogers in a research report on Tuesday, March 14th. They set an outperform rating and a $185.00 price objective on the stock.
Rogers Stock Down 1.8 %
Rogers stock opened at $149.89 on Thursday. The firm has a 50 day simple moving average of $144.13 and a 200 day simple moving average of $164.52. The company has a current ratio of 4.63, a quick ratio of 3.35 and a debt-to-equity ratio of 0.18. Rogers has a 1-year low of $98.45 and a 1-year high of $274.51. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 24.29 and a beta of 0.98.
Insider Buying and Selling at Rogers
Hedge Funds Weigh In On Rogers
Several large investors have recently made changes to their positions in the company. Norges Bank purchased a new stake in Rogers in the 4th quarter worth $197,666,000. UBS Group AG grew its holdings in shares of Rogers by 35,179.1% during the fourth quarter. UBS Group AG now owns 640,316 shares of the electronics maker’s stock worth $76,415,000 after buying an additional 638,501 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Rogers by 152.3% during the second quarter. JPMorgan Chase & Co. now owns 645,155 shares of the electronics maker’s stock worth $169,088,000 after buying an additional 389,436 shares in the last quarter. Anomaly Capital Management LP purchased a new stake in shares of Rogers during the fourth quarter worth $40,461,000. Finally, Bank of Montreal Can grew its holdings in shares of Rogers by 2,428.3% during the second quarter. Bank of Montreal Can now owns 237,127 shares of the electronics maker’s stock worth $61,838,000 after buying an additional 227,748 shares in the last quarter. 95.35% of the stock is currently owned by institutional investors and hedge funds.
Rogers Corp. engages in the design, development, manufacture, and sale of engineered materials and components for mission critical applications. It operates through the following segments: Advanced Electronics Solutions (AES) and Elastomeric Material Solutions (EMS), and Other. The AES segment offers manufactures and sells circuit materials, ceramic substrate materials, busbars and cooling solutions for applications in electric and hybrid electric vehicles, wireless infrastructure, automotive, telematics and thermal solutions, aerospace and defense, mass transit, clean energy, connected devices and wired infrastructures.
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