Rogers (NYSE:ROG) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of Rogers (NYSE:ROG) from a buy rating to a hold rating in a research report released on Saturday morning.

Several other equities research analysts have also recently issued reports on the stock. B. Riley Financial raised their target price on shares of Rogers to $200.00 and gave the stock a “buy” rating in a research report on Monday, June 15th. Weiss Ratings raised shares of Rogers from a “sell (d)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Finally, Zacks Research downgraded shares of Rogers from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 23rd. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $200.00.

Rogers Trading Up 2.1%

Rogers stock opened at $145.96 on Friday. The firm has a market capitalization of $2.61 billion, a P/E ratio of 83.41 and a beta of 0.52. The stock has a fifty day moving average price of $141.85 and a 200 day moving average price of $126.48. Rogers has a 52 week low of $72.49 and a 52 week high of $169.00.

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

Hedge Funds Weigh In On Rogers

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in Rogers during the 2nd quarter worth approximately $556,493,000. Capital Research Global Investors lifted its position in Rogers by 24.3% during the fourth quarter. Capital Research Global Investors now owns 1,519,040 shares of the electronics maker’s stock valued at $139,098,000 after buying an additional 297,380 shares in the last quarter. Norges Bank purchased a new stake in Rogers during the fourth quarter worth approximately $119,157,000. State Street Corp grew its stake in Rogers by 3.8% during the fourth quarter. State Street Corp now owns 732,659 shares of the electronics maker’s stock worth $67,090,000 after buying an additional 27,036 shares during the period. Finally, Ameriprise Financial Inc. increased its position in shares of Rogers by 38.3% in the second quarter. Ameriprise Financial Inc. now owns 596,713 shares of the electronics maker’s stock worth $40,863,000 after acquiring an additional 165,174 shares in the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

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.