Zacks Research Downgrades Rogers (NYSE:ROG) to Hold

Rogers (NYSE:ROG) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

ROG has been the subject of several other research reports. Weiss Ratings restated a “sell (d)” rating on shares of Rogers in a report on Wednesday, October 8th. Wall Street Zen upgraded Rogers from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Finally, B. Riley reissued a “buy” rating on shares of Rogers in a report on Thursday, October 30th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $85.00.

Rogers Stock Down 0.3%

Shares of ROG stock opened at $93.51 on Monday. The company’s fifty day simple moving average is $86.39 and its two-hundred day simple moving average is $79.22. Rogers has a 52 week low of $51.43 and a 52 week high of $106.12. The stock has a market cap of $1.68 billion, a P/E ratio of -25.76 and a beta of 0.42.

Rogers (NYSE:ROG) last issued its quarterly earnings data on Wednesday, October 29th. The electronics maker reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.20. Rogers had a positive return on equity of 2.92% and a negative net margin of 8.35%.The firm had revenue of $216.00 million during the quarter, compared to analyst estimates of $207.53 million. Rogers has set its Q4 2025 guidance at 0.400-0.800 EPS. On average, analysts anticipate that Rogers will post 3.57 EPS for the current fiscal year.

Insiders Place Their Bets

In other Rogers news, SVP Brian Keith Larabee sold 775 shares of the business’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $85.87, for a total transaction of $66,549.25. Following the transaction, the senior vice president owned 4,462 shares in the company, valued at $383,151.94. The trade was a 14.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.85% of the stock is owned by company insiders.

Hedge Funds Weigh In On Rogers

A number of large investors have recently made changes to their positions in the company. Illinois Municipal Retirement Fund grew its holdings in Rogers by 1.9% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 8,728 shares of the electronics maker’s stock valued at $702,000 after purchasing an additional 161 shares during the last quarter. Squarepoint Ops LLC boosted its position in shares of Rogers by 0.6% during 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. MassMutual Private Wealth & Trust FSB boosted its position in shares of Rogers by 81.2% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 444 shares of the electronics maker’s stock valued at $30,000 after buying an additional 199 shares during the period. Central Pacific Bank Trust Division grew its stake in shares of Rogers by 11.1% during the third quarter. Central Pacific Bank Trust Division now owns 2,500 shares of the electronics maker’s stock valued at $201,000 after buying an additional 250 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Rogers by 6.5% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,328 shares of the electronics maker’s stock worth $296,000 after buying an additional 264 shares during the period. 96.02% of the stock is owned by hedge funds and other institutional investors.

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.