Rogers (NYSE:ROG) Cut to “Hold” at Zacks Research

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

Several other brokerages have also recently issued reports on ROG. B. Riley Financial increased their target price on Rogers to $200.00 and gave the company a “buy” rating in a research report on Monday, June 15th. Weiss Ratings raised 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 company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $200.00.

Rogers Stock Performance

Shares of ROG opened at $130.28 on Thursday. The company has a 50 day moving average price of $144.91 and a 200-day moving average price of $122.47. Rogers has a fifty-two week low of $61.17 and a fifty-two week high of $169.00. The stock has a market capitalization of $2.33 billion, a PE ratio of -43.28 and a beta of 0.48.

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

Insider Activity

In related news, SVP Brian Keith Larabee sold 830 shares of the business’s stock in a transaction that occurred on 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 transaction, the senior vice president owned 5,515 shares in the company, valued at $749,543.65. The trade was a 13.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.08% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Rogers

Several institutional investors have recently bought and sold shares of the company. Legacy Wealth Asset Management LLC lifted its holdings in shares of Rogers by 13.4% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 2,297 shares of the electronics maker’s stock valued at $376,000 after purchasing an additional 271 shares during the last quarter. Front Street Capital Management Inc. grew its stake in Rogers by 25.0% during the 1st quarter. Front Street Capital Management Inc. now owns 3,238 shares of the electronics maker’s stock worth $348,000 after buying an additional 648 shares during the last quarter. Edgestream Partners L.P. grew its stake in Rogers by 135.0% during the 1st quarter. Edgestream Partners L.P. now owns 74,898 shares of the electronics maker’s stock worth $8,039,000 after buying an additional 43,029 shares during the last quarter. Atreides Management LP increased its position in Rogers by 8.2% during the 1st quarter. Atreides Management LP now owns 186,085 shares of the electronics maker’s stock valued at $19,973,000 after buying an additional 14,165 shares in the last quarter. Finally, Amundi increased its position in Rogers by 29.9% during the 1st quarter. Amundi now owns 10,510 shares of the electronics maker’s stock valued at $1,128,000 after buying an additional 2,419 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

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.