Rogers (NYSE:ROG) Shares Gap Down After Insider Selling

Rogers Corporation (NYSE:ROG)’s share price gapped down prior to trading on Monday after an insider sold shares in the company. The stock had previously closed at $111.11, but opened at $106.01. Rogers shares last traded at $103.9650, with a volume of 3,771 shares traded.

Specifically, SVP Michael Reed Webb sold 1,197 shares of the stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $106.25, for a total value of $127,181.25. Following the transaction, the senior vice president owned 9,747 shares in the company, valued at approximately $1,035,618.75. This represents a 10.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Analyst Ratings Changes

Several research firms have commented on ROG. B. Riley Financial boosted their target price on shares of Rogers from $127.00 to $133.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Rogers in a research note on Thursday, January 22nd. Zacks Research downgraded shares of Rogers from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded Rogers from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Rogers presently has a consensus rating of “Hold” and a consensus price target of $109.00.

Rogers Stock Performance

The stock’s 50-day simple moving average is $98.71 and its two-hundred day simple moving average is $87.84. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of -31.80 and a beta of 0.40.

Rogers (NYSE:ROG) last posted its quarterly earnings data on Tuesday, February 17th. The electronics maker reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.29. Rogers had a positive return on equity of 3.56% and a negative net margin of 7.62%.The business had revenue of $201.50 million for the quarter, compared to analyst estimates of $196.50 million. Rogers has set its Q1 2026 guidance at 0.450-0.850 EPS. As a group, research analysts predict that Rogers Corporation will post 3.57 earnings per share for the current year.

Institutional Investors Weigh In On Rogers

Hedge funds have recently modified their holdings of the business. Invesco Ltd. grew its stake in shares of Rogers by 4.2% in the fourth quarter. Invesco Ltd. now owns 89,594 shares of the electronics maker’s stock worth $8,204,000 after acquiring an additional 3,615 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in Rogers in the 4th quarter valued at $264,000. Summit Global Investments acquired a new stake in Rogers in the 4th quarter worth $1,410,000. State of Tennessee Department of Treasury increased its holdings in shares of Rogers by 32.7% during the 4th quarter. State of Tennessee Department of Treasury now owns 5,448 shares of the electronics maker’s stock worth $530,000 after purchasing an additional 1,343 shares during the period. Finally, XTX Topco Ltd acquired a new position in shares of Rogers during the fourth quarter valued at about $1,003,000. 96.02% of the stock is owned by 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.