Rogers (NYSE:ROG) Sets New 1-Year High – Here’s Why

Rogers Corporation (NYSE:ROG)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $145.67 and last traded at $144.18, with a volume of 374179 shares traded. The stock had previously closed at $135.13.

Analysts Set New Price Targets

A number of research firms have issued reports on ROG. B. Riley Financial restated a “buy” rating on shares of Rogers in a report on Thursday, April 23rd. Weiss Ratings upgraded shares of Rogers from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 18th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $133.00.

Rogers Trading Up 6.7%

The company has a market cap of $2.57 billion, a PE ratio of -47.90 and a beta of 0.51. The business has a 50 day simple moving average of $120.75 and a two-hundred day simple moving average of $104.28.

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

Insider Activity

In other Rogers 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 owned 7,769 shares in the company, valued at $864,767.39. The trade was a 10.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Brian Keith Larabee sold 830 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $135.91, for a total transaction of $112,805.30. Following the transaction, the senior vice president directly owned 5,515 shares of the company’s stock, valued at approximately $749,543.65. This represents a 13.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.08% of the stock is owned by insiders.

Hedge Funds Weigh In On Rogers

A number of large investors have recently bought and sold shares of ROG. Front Street Capital Management Inc. boosted its holdings in shares of Rogers by 25.0% in the 1st quarter. Front Street Capital Management Inc. now owns 3,238 shares of the electronics maker’s stock valued at $348,000 after purchasing an additional 648 shares during the last quarter. Edgestream Partners L.P. raised its position in shares of Rogers by 135.0% in 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 period. Atreides Management LP boosted its holdings in Rogers by 8.2% in the first quarter. Atreides Management LP now owns 186,085 shares of the electronics maker’s stock valued at $19,973,000 after acquiring an additional 14,165 shares during the last quarter. Amundi boosted its holdings in Rogers by 29.9% in the first quarter. Amundi now owns 10,510 shares of the electronics maker’s stock valued at $1,128,000 after acquiring an additional 2,419 shares during the last quarter. Finally, California State Teachers Retirement System grew its position in Rogers by 26.1% during the first quarter. California State Teachers Retirement System now owns 19,600 shares of the electronics maker’s stock valued at $2,104,000 after acquiring an additional 4,060 shares during the period. Hedge funds and other institutional investors own 96.02% of the company’s stock.

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.