Price Change to Note: After Today’s Big Increase, Is Rogers Corporation’s Near-Term Analysis Positive?

Price Change to Note: After Today's Big Increase, Is Rogers Corporation's Near Term Analysis Positive?

The stock of Rogers Corporation (NYSE:ROG) is a huge mover today! About 624,613 shares traded hands or 430.29% up from the average. Rogers Corporation (NYSE:ROG) has declined 5.74% since April 1, 2016 and is downtrending. It has underperformed by 6.95% the S&P500.
The move comes after 5 months positive chart setup for the $1.15B company. It was reported on Nov, 3 by Barchart.com. We have $76.12 PT which if reached, will make NYSE:ROG worth $253.00 million more.

Rogers Corporation (NYSE:ROG) Ratings Coverage

Out of 2 analysts covering Rogers Corp (NYSE:ROG), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Rogers Corp has been the topic of 3 analyst reports since October 2, 2015 according to StockzIntelligence Inc. Needham initiated Rogers Corporation (NYSE:ROG) rating on Tuesday, September 13. Needham has “Buy” rating and $70.0 price target. B. Riley & Co initiated Rogers Corporation (NYSE:ROG) on Friday, October 2 with “Neutral” rating. The rating was upgraded by B. Riley & Co on Thursday, March 10 to “Buy”.

According to Zacks Investment Research, “Rogers Corporation manufactures and sells specialty polymer composite materials and components which it develops for growing markets and applications around the world. The company has two business segments: Polymer Materials and Electronic Materials. The company’s products are based on its core technologies in polymers, fillers, and adhesion. Most products are proprietary, or incorporate proprietary technology in their development and processing, and are sold under the company’s valuable brand names.”

Insitutional Activity: The institutional sentiment increased to 1.5 in Q2 2016. Its up 0.01, from 1.49 in 2016Q1. The ratio is positive, as 11 funds sold all Rogers Corporation shares owned while 47 reduced positions. 35 funds bought stakes while 52 increased positions. They now own 16.90 million shares or 3.62% less from 17.53 million shares in 2016Q1.
Panagora Asset Management accumulated 41,707 shares or 0.01% of the stock. Wealthtrust Axiom Ltd Liability Corp has invested 0.09% of its portfolio in Rogers Corporation (NYSE:ROG). Loomis Sayles & Lp, a Massachusetts-based fund reported 229,546 shares. Amer Group Inc Inc owns 13,408 shares or 0% of their US portfolio. Blackrock Institutional Tru Company Na holds 0.01% or 505,649 shares in its portfolio. Moreover, Dupont Cap Mngmt Corp has 0.01% invested in Rogers Corporation (NYSE:ROG) for 10,019 shares. Springbank Value Partners L P has 0.72% invested in the company for 7,000 shares. Westport Asset last reported 7.17% of its portfolio in the stock. Chatham Capital Group has invested 0.23% of its portfolio in Rogers Corporation (NYSE:ROG). Guggenheim Ltd Liability reported 5,831 shares or 0% of all its holdings. The Massachusetts-based Frontier Cap Management has invested 0.28% in Rogers Corporation (NYSE:ROG). Arizona State Retirement System holds 9,347 shares or 0.01% of its portfolio. Deutsche Fincl Bank Ag, a Germany-based fund reported 213,495 shares. Columbia Wanger Asset Management Ltd reported 114,942 shares or 0.08% of all its holdings. Glenmede Trust Com Na has 590 shares for 0% of their US portfolio.

Insider Transactions: Since May 4, 2016, the stock had 0 insider purchases, and 3 sales for $249,337 net activity. $12,625 worth of Rogers Corporation (NYSE:ROG) shares were sold by Jensen Carol R. Grudzien Jeffrey M also sold $457,264 worth of Rogers Corporation (NYSE:ROG) on Friday, May 6. The insider PAUL ROBERT G sold $565,040. Shares for $309,862 were sold by MITCHELL WILLIAM. Zhang Helen also sold $148,492 worth of Rogers Corporation (NYSE:ROG) shares. Shares for $95,988 were sold by GLANDON GARY M.

More notable recent Rogers Corporation (NYSE:ROG) news were published by: Businesswire.com which released: “Rogers Corporation Reports Results for the 2016 Third Quarter” on November 02, 2016, also Businesswire.com with their article: “Rogers Corporation Files Patent Infringement Lawsuits” published on December 03, 2015, Businesswire.com published: “Rogers Corporation Appoints Janice Stipp CFO” on November 09, 2015. More interesting news about Rogers Corporation (NYSE:ROG) were released by: Businesswire.com and their article: “Rogers Corporation Sells Polyimide and Thermoset Epoxy Laminate Operation” published on December 21, 2015 as well as Azcentral.com‘s news article titled: “Chandler could pay Rogers Corp. up to $238K for firm’s move to city” with publication date: October 13, 2016.

ROG Company Profile

Rogers Corporation, incorporated on July 29, 1927, designs, develops, makes and sells engineered materials and components for applications, including communications infrastructure, automotive, consumer electronics, and aerospace or defense. The Company’s divisions are Advanced Connectivity Solutions (ACS), Elastomeric Material Solutions (EMS), Power Electronics Solutions (PES) and Other.

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