Rogers (NYSE:ROG) SVP Michael Reed Webb Sells 954 Shares

Rogers Corporation (NYSE:ROG) SVP Michael Reed Webb sold 954 shares of the company’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $111.31, for a total transaction of $106,189.74. Following the completion of the sale, the senior vice president directly owned 7,769 shares of the company’s stock, valued at $864,767.39. The trade was a 10.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Michael Reed Webb also recently made the following trade(s):

• On Thursday, February 19th, Michael Reed Webb sold 1,197 shares of Rogers stock. The stock was sold at an average price of $106.25, for a total transaction of $127,181.25.

Rogers Price Performance

ROG stock opened at $111.90 on Tuesday. The firm has a market cap of $2.00 billion, a PE ratio of -33.50 and a beta of 0.36. Rogers Corporation has a 12 month low of $51.43 and a 12 month high of $112.81. The firm has a 50 day simple moving average of $100.34 and a 200 day simple moving average of $89.08.

Rogers (NYSE:ROG) last posted its quarterly earnings results on Tuesday, February 17th. The electronics maker reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.29. The company had revenue of $201.50 million for the quarter, compared to analysts’ expectations of $196.50 million. Rogers had a positive return on equity of 3.56% and a negative net margin of 7.62%.Rogers has set its Q1 2026 guidance at 0.450-0.850 EPS. As a group, sell-side analysts expect that Rogers Corporation will post 3.57 earnings per share for the current year.

Analysts Set New Price Targets

ROG has been the subject of a number of analyst reports. B. Riley Financial upped their price objective on shares of Rogers from $127.00 to $133.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Weiss Ratings restated a “sell (d)” rating on shares of Rogers in a research report on Thursday, January 22nd. Finally, Zacks Research cut shares of Rogers from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Rogers currently has an average rating of “Hold” and a consensus price target of $109.00.

Hedge Funds Weigh In On Rogers

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its holdings in shares of Rogers by 15.7% during the 1st quarter. Royal Bank of Canada now owns 4,276 shares of the electronics maker’s stock valued at $288,000 after purchasing an additional 580 shares in the last quarter. AQR Capital Management LLC boosted its stake in Rogers by 121.3% during the 1st quarter. AQR Capital Management LLC now owns 8,376 shares of the electronics maker’s stock valued at $566,000 after purchasing an additional 4,591 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Rogers by 5.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,221 shares of the electronics maker’s stock worth $758,000 after acquiring an additional 536 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Rogers by 4.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 51,135 shares of the electronics maker’s stock worth $3,453,000 after purchasing an additional 2,405 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in Rogers during the first quarter worth about $4,345,000. Institutional investors own 96.02% of the company’s stock.

About Rogers

Rogers Corporation (NYSE: ROG) is a global technology and materials company specializing in the development and manufacture of engineered materials and components. The company designs and produces a broad portfolio of high-performance elastomeric, foam, silicone, adhesive and thermal management solutions, as well as advanced circuit board laminates. Its products are engineered to meet stringent requirements in areas such as electrical insulation, thermal performance and electromagnetic shielding.

Rogers serves a diverse range of end markets, including automotive, aerospace and defense, telecommunications, consumer electronics and industrial applications.