CL King Begins Coverage on Rogers (NYSE:ROG)

CL King initiated coverage on shares of Rogers (NYSE:ROG - Free Report) in a research note published on Monday, Marketbeat reports. The firm issued a buy rating and a $85.00 price target on the electronics maker's stock.

Rogers Trading Down 6.2 %

Shares of Rogers stock traded down $3.83 on Monday, reaching $57.89. 182,064 shares of the stock were exchanged, compared to its average volume of 154,583. The firm has a market capitalization of $1.07 billion, a PE ratio of 40.85 and a beta of 0.51. Rogers has a 1-year low of $56.17 and a 1-year high of $134.07. The business has a fifty day moving average price of $81.61 and a two-hundred day moving average price of $95.75.

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

Institutional Trading of Rogers

A number of institutional investors have recently added to or reduced their stakes in ROG. Bank of Montreal Can boosted its stake in shares of Rogers by 6.2% during the 4th quarter. Bank of Montreal Can now owns 2,022 shares of the electronics maker's stock worth $205,000 after acquiring an additional 118 shares in the last quarter. Redwood Investment Management LLC raised its holdings in Rogers by 4.9% during the third quarter. Redwood Investment Management LLC now owns 4,618 shares of the electronics maker's stock worth $509,000 after purchasing an additional 216 shares during the last quarter. Inspire Investing LLC boosted its position in Rogers by 5.7% during the fourth quarter. Inspire Investing LLC now owns 4,327 shares of the electronics maker's stock worth $440,000 after purchasing an additional 232 shares in the last quarter. Procyon Advisors LLC grew its holdings in Rogers by 11.9% in the fourth quarter. Procyon Advisors LLC now owns 3,108 shares of the electronics maker's stock valued at $316,000 after purchasing an additional 331 shares during the last quarter. Finally, Covestor Ltd raised its stake in shares of Rogers by 43.7% during the 4th quarter. Covestor Ltd now owns 1,164 shares of the electronics maker's stock worth $118,000 after buying an additional 354 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company's stock.

About Rogers

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.