Rogers (NYSE:ROG) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen downgraded shares of Rogers (NYSE:ROG) from a buy rating to a hold rating in a research note issued to investors on Saturday.

Several other equities research analysts have also weighed in on the stock. B. Riley Financial upped their target price on shares of Rogers to $200.00 and gave the stock a “buy” rating in a report on Monday, June 15th. Weiss Ratings upgraded shares of Rogers from a “sell (d)” rating to a “hold (c)” rating in a research report on Wednesday. Finally, Zacks Research lowered shares of Rogers from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $200.00.

Rogers Stock Up 4.1%

NYSE ROG opened at $143.40 on Friday. The stock has a market cap of $2.56 billion, a P/E ratio of 81.94 and a beta of 0.51. The company’s 50-day simple moving average is $141.75 and its 200 day simple moving average is $125.95. Rogers has a twelve month low of $72.49 and a twelve month high of $169.00.

Rogers (NYSE:ROG) last posted its quarterly earnings results on Tuesday, July 28th. The electronics maker reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.07). Rogers had a return on equity of 5.17% and a net margin of 3.75%.The business had revenue of $216.80 million during the quarter, compared to analyst estimates of $215.00 million. Rogers has set its Q3 2026 guidance at 1.100-1.300 EPS. Research analysts anticipate that Rogers will post 3.83 earnings per share for the current year.

Hedge Funds Weigh In On Rogers

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of Wyoming acquired a new stake in shares of Rogers in the 2nd quarter valued at approximately $42,000. Kemnay Advisory Services Inc. acquired a new position in Rogers during the fourth quarter valued at approximately $42,000. 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 worth $94,000 after purchasing an additional 144 shares during the period. Global Retirement Partners LLC grew its stake in Rogers by 6,576.5% in the fourth quarter. Global Retirement Partners LLC now owns 1,135 shares of the electronics maker’s stock valued at $104,000 after acquiring an additional 1,118 shares during the period. Finally, Virtus Advisers LLC bought a new position in shares of Rogers during the 3rd quarter valued at about $127,000. 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.