Rogers (NYSE:ROG) Raised to “Strong-Buy” at Zacks Research

Rogers (NYSE:ROG) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other equities analysts also recently commented on ROG. B. Riley Financial lifted their target price on Rogers to $200.00 and gave the company a “buy” rating in a research note on Monday, June 15th. Weiss Ratings upgraded shares of Rogers from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $200.00.

Rogers Stock Performance

Shares of NYSE:ROG opened at $166.76 on Wednesday. The stock has a 50-day simple moving average of $140.99 and a 200-day simple moving average of $115.45. The stock has a market capitalization of $2.98 billion, a P/E ratio of -55.40 and a beta of 0.52. Rogers has a 1 year low of $61.17 and a 1 year high of $169.00.

Rogers (NYSE:ROG) last posted its quarterly earnings results on Tuesday, April 28th. The electronics maker reported $0.75 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $200.50 million for the quarter, compared to analyst estimates of $200.50 million. Rogers has set its Q2 2026 guidance at 0.900-1.100 EPS. Analysts predict that Rogers will post 3.71 earnings per share for the current year.

Insider Activity

In other news, SVP Brian Keith Larabee sold 830 shares of the company’s stock in a transaction 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 completion of the sale, the senior vice president directly owned 5,515 shares of the company’s stock, valued at $749,543.65. This represents a 13.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.08% of the stock is owned by insiders.

Institutional Trading of Rogers

Hedge funds have recently modified their holdings of the business. Norges Bank purchased a new position in Rogers during the fourth quarter valued at approximately $119,157,000. Capital Research Global Investors acquired a new stake in Rogers in the third quarter valued at approximately $98,295,000. Atreides Management LP bought a new position in shares of Rogers during the 2nd quarter valued at $12,888,000. Ameriprise Financial Inc. boosted its holdings in Rogers by 38.3% in the second quarter. Ameriprise Financial Inc. now owns 596,713 shares of the electronics maker’s stock worth $40,863,000 after purchasing an additional 165,174 shares in the last quarter. Finally, Segall Bryant & Hamill LLC bought a new position in Rogers during the third quarter valued at about $11,373,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

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.