Rogers (NYSE:ROG) Downgraded to Hold Rating by Zacks Research

Zacks Research lowered shares of Rogers (NYSE:ROG) from a strong-buy rating to a hold rating in a research note released on Thursday morning,Zacks.com reports.

A number of other equities research analysts have also issued reports on the company. B. Riley Financial upped their price target on Rogers to $200.00 and gave the company a “buy” rating in a research report on Monday, June 15th. Weiss Ratings upgraded Rogers from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $200.00.

Rogers Trading Down 2.1%

ROG opened at $130.28 on Thursday. Rogers has a twelve month low of $61.17 and a twelve month high of $169.00. The firm has a market capitalization of $2.33 billion, a PE ratio of -43.28 and a beta of 0.48. The firm’s 50-day moving average price is $144.91 and its 200 day moving average price is $122.47.

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

Insider Transactions at Rogers

In related news, SVP Brian Keith Larabee sold 830 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $749,543.65. This trade represents a 13.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.08% of the company’s stock.

Institutional Trading of Rogers

Hedge funds have recently made changes to their positions in the company. Kemnay Advisory Services Inc. purchased a new stake in shares of Rogers during the 4th quarter valued at approximately $42,000. Parallel Advisors LLC raised its position 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 purchasing an additional 144 shares during the period. Global Retirement Partners LLC raised its position 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 purchasing an additional 1,118 shares during the period. Virtus Advisers LLC acquired a new position in shares of Rogers in the 3rd quarter valued at $127,000. Finally, Quadrant Capital Group LLC acquired a new position in shares of Rogers in the 3rd quarter valued at $130,000. 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.