President and CEO of Rogers Corporation (NYSE:ROG) Bruce D. Hoechner bought 3,299 shares on 07/16/2012 at an average price of $36.35. The total transaction amount is $119,919. Rogers Corporation manufactures and sells specialty polymer composite materials and components which it develops for growing markets and applications around the world. Rogers Corporation has a market cap of $612.5 million; its shares were traded at around $37.14 with a P/E ratio of 17 and P/S ratio of 1.1.
President and CEO Bruce Hoechner recently trade twice in the company, both times increasing his stake. Prior to his purchase of 3,299 shares of the company on 7/16/2012, he bought 756 shares on 7/13/2012. In all he owns about 26,000 shares of the company. Meanwhile, other insiders are decreasing their positions in the company.
Hoechner has served as president and CEO of ROG since Oct. 3, 2011. Previously, he was the vice president and general manager of Paint and Coatings Materials of Rohm and Haas Company since Jan. 1, 2007. He graduated from the Wharton School of Business in 1989, then got a B.S. in chemical engineering from Penn State University.
One guru currently has a stake in Rogers Corp. Ron Baron owns 1,000,000 shares as of 03/31/2012, which accounts for 0.23% of the $16.69 billion portfolio of Baron Funds.
ROG has an average annual growth average of 6.9% for the last 10 years. Revenues were up 23% in the last 12 months. Earnings per share were positive in all years but 2009, in which the company reported a net loss of $4.01 per share. Rogers Corp. holds $79.72 million in cash, and has $115 million in long-term debt and an additional $153 million in other long-term liabilities. The company issued $11.82 million worth of shares in 2011.
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