Rogers (NYSE:ROG) Rating Lowered to “Hold” at Zacks Research

Rogers (NYSE:ROG) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.

Other research analysts also recently issued reports about the company. B. Riley Financial boosted their price target on Rogers to $200.00 and gave the company a “buy” rating in a report on Monday, June 15th. Weiss Ratings upgraded Rogers from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 18th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $200.00.

Rogers Price Performance

Shares of NYSE ROG opened at $130.28 on Thursday. The company has a market cap of $2.33 billion, a PE ratio of -43.28 and a beta of 0.48. Rogers has a 12 month low of $61.17 and a 12 month high of $169.00. The company has a 50-day simple moving average of $144.91 and a 200-day simple moving average of $122.47.

Rogers (NYSE:ROG) last posted its quarterly earnings data on Tuesday, April 28th. The electronics maker reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.07. The business had revenue of $200.50 million during the quarter, compared to analyst estimates of $200.50 million. Rogers had a negative net margin of 6.81% and a positive return on equity of 4.31%. Rogers has set its Q2 2026 guidance at 0.900-1.100 EPS. On average, analysts anticipate that Rogers will post 3.71 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Brian Keith Larabee sold 830 shares of the business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $135.91, for a total transaction of $112,805.30. Following the completion of the sale, the senior vice president directly owned 5,515 shares of the company’s stock, valued at $749,543.65. The trade was a 13.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.08% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Rogers

A number of institutional investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Rogers by 2.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,704 shares of the electronics maker’s stock worth $453,000 after purchasing an additional 130 shares during the period. Signaturefd LLC grew its holdings in shares of Rogers by 4.1% during the 4th quarter. Signaturefd LLC now owns 3,343 shares of the electronics maker’s stock worth $306,000 after purchasing an additional 133 shares during the period. The Manufacturers Life Insurance Company increased its position in Rogers by 1.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 7,541 shares of the electronics maker’s stock worth $809,000 after purchasing an additional 143 shares in the last quarter. Parallel Advisors LLC raised its holdings in Rogers by 19.7% in the first quarter. Parallel Advisors LLC now owns 875 shares of the electronics maker’s stock valued at $94,000 after buying an additional 144 shares during the period. Finally, Squarepoint Ops LLC raised its holdings in Rogers by 0.6% in the third quarter. Squarepoint Ops LLC now owns 29,294 shares of the electronics maker’s stock valued at $2,357,000 after buying an additional 162 shares during the period. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Rogers Company Profile

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.