Rogers (NYSE:ROG) Sees Large Volume Increase – Time to Buy?

Rogers Corporation (NYSE:ROG) saw an uptick in trading volume on Wednesday . 138,820 shares were traded during mid-day trading, a decline of 29% from the previous session’s volume of 195,039 shares.The stock last traded at $130.28 and had previously closed at $130.80.

Analysts Set New Price Targets

Several brokerages recently weighed in on ROG. Weiss Ratings raised Rogers from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday. B. Riley Financial reaffirmed a “buy” rating on shares of Rogers in a report on Thursday, April 23rd. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $133.00.

Rogers Trading Down 0.7%

The company has a market cap of $2.32 billion, a PE ratio of -43.14 and a beta of 0.51. The stock has a fifty day simple moving average of $118.41 and a two-hundred day simple moving average of $102.91.

Rogers (NYSE:ROG) last posted its quarterly earnings results on Tuesday, April 28th. The electronics maker reported $0.75 earnings per share for the quarter, topping 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 business had revenue of $200.50 million for the quarter, compared to analysts’ expectations of $200.50 million. Rogers has set its Q2 2026 guidance at 0.900-1.100 EPS. As a group, equities research analysts anticipate that Rogers Corporation will post 3.71 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Brian Keith Larabee sold 830 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $135.91, for a total transaction of $112,805.30. Following the sale, the senior vice president owned 5,515 shares of the company’s stock, valued at $749,543.65. The trade was a 13.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Michael Reed Webb sold 1,197 shares of the business’s 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 sale, the senior vice president directly owned 9,747 shares in the company, valued at $1,035,618.75. This trade represents a 10.94% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 2,981 shares of company stock worth $346,176. Corporate insiders own 1.08% of the company’s stock.

Hedge Funds Weigh In On Rogers

Several hedge funds have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its stake in Rogers by 2.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,704 shares of the electronics maker’s stock valued at $453,000 after purchasing an additional 130 shares in the last quarter. Signaturefd LLC increased its stake in Rogers by 4.1% in the 4th quarter. Signaturefd LLC now owns 3,343 shares of the electronics maker’s stock valued at $306,000 after purchasing an additional 133 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Rogers by 1.9% during the first quarter. The Manufacturers Life Insurance Company now owns 7,541 shares of the electronics maker’s stock worth $809,000 after acquiring an additional 143 shares during the last quarter. Parallel Advisors LLC raised its position in Rogers by 19.7% during the first quarter. Parallel Advisors LLC now owns 875 shares of the electronics maker’s stock worth $94,000 after acquiring an additional 144 shares during the last quarter. Finally, Illinois Municipal Retirement Fund raised its position in Rogers by 1.9% during the third quarter. Illinois Municipal Retirement Fund now owns 8,728 shares of the electronics maker’s stock worth $702,000 after acquiring an additional 161 shares during the last quarter. 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.