Rogers Corporation (NYSE:ROG) Sees Significant Decrease in Short Interest

Rogers Corporation (NYSE:ROG) was the target of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 502,920 shares, a decline of 18.4% from the January 29th total of 615,959 shares. Approximately 2.8% of the company’s stock are sold short. Based on an average daily trading volume, of 152,567 shares, the short-interest ratio is presently 3.3 days. Based on an average daily trading volume, of 152,567 shares, the short-interest ratio is presently 3.3 days. Approximately 2.8% of the company’s stock are sold short.

Insider Buying and Selling

In related news, SVP Michael Reed Webb sold 954 shares of Rogers stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $111.31, for a total value of $106,189.74. Following the completion of the sale, the senior vice president directly owned 7,769 shares in the company, valued at approximately $864,767.39. This trade represents a 10.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.35% of the company’s stock.

Institutional Trading of Rogers

A number of institutional investors have recently added to or reduced their stakes in ROG. Invesco Ltd. increased its position in 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 buying an additional 3,615 shares during the period. Mercer Global Advisors Inc. ADV purchased a new position in Rogers in the 4th quarter worth about $264,000. Summit Global Investments acquired a new stake in Rogers during the 4th quarter worth about $1,410,000. State of Tennessee Department of Treasury lifted its stake in Rogers by 32.7% during the fourth quarter. State of Tennessee Department of Treasury now owns 5,448 shares of the electronics maker’s stock valued at $530,000 after buying an additional 1,343 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of Rogers in the fourth quarter worth approximately $1,003,000. 96.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on ROG. B. Riley Financial increased their price objective on shares of Rogers from $127.00 to $133.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. Weiss Ratings restated a “sell (d)” rating on shares of Rogers in a report on Thursday, January 22nd. Finally, Zacks Research cut Rogers from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $109.00.

Rogers Price Performance

Shares of ROG traded down $1.51 during mid-day trading on Thursday, reaching $108.27. 19,215 shares of the company’s stock were exchanged, compared to its average volume of 160,453. The stock has a market capitalization of $1.93 billion, a PE ratio of -32.42 and a beta of 0.36. Rogers has a 52-week low of $51.43 and a 52-week high of $112.81. The business’s fifty day simple moving average is $101.00 and its 200-day simple moving average is $89.46.

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

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.