Rogers (NYSE:ROG) Stock Price Breaks Above Two Hundred Day Moving Average – Here’s Why

Shares of Rogers Corporation (NYSE:ROG) crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $136.21 and traded as high as $137.14. Rogers shares last traded at $134.40, with a volume of 125,193 shares trading hands.

More Rogers News

Here are the key news stories impacting Rogers this week:

• Neutral Sentiment: Most of the headlines concern Mike Rogers, a Michigan Senate candidate, and his campaign positions on tariffs, artificial intelligence, health care, the economy, and voter demographics. These political stories are unrelated to Rogers Corporation’s electronics-materials business and are unlikely to affect ROG. Michigan political coverage Rogers campaign voter outreach
• Neutral Sentiment: Additional reports discuss allegations involving Mike Rogers and a proposed $457.25 million municipal improvement bond package in the city of Rogers. Neither item involves Rogers Corporation, its operations, earnings, customers, or outlook. Rogers city improvement proposal Mike Rogers resurfaced audio report

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ROG. Wall Street Zen cut Rogers from a “buy” rating to a “hold” rating in a report on Monday, August 31st. Freedom Broker raised shares of Rogers to a “strong-buy” rating in a research note on Thursday, October 1st. Weiss Ratings upgraded shares of Rogers from a “sell (d)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Zacks Research cut shares of Rogers from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 23rd. Finally, B. Riley Financial raised their price target on shares of Rogers from $200.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $225.00.

Rogers Trading Up 2.7%

The stock has a market capitalization of $2.51 billion, a P/E ratio of 80.25 and a beta of 0.43. The company has a fifty day simple moving average of $136.36 and a two-hundred day simple moving average of $136.43.

Rogers (NYSE:ROG) last issued its quarterly earnings results on Tuesday, July 28th. The electronics maker reported $0.92 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.07). The business had revenue of $216.80 million for the quarter, compared to analyst estimates of $215.00 million. Rogers had a return on equity of 5.17% and a net margin of 3.75%. Rogers has set its Q3 2026 guidance at 1.100-1.300 EPS. As a group, analysts forecast that Rogers Corporation will post 3.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Rogers

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in Rogers during the 2nd quarter worth approximately $556,493,000. Atreides Management LP acquired a new stake in Rogers during the 2nd quarter worth approximately $30,996,000. Bank of America Corp DE bought a new position in Rogers in the second quarter valued at approximately $22,859,000. Bank of New York Mellon Corp bought a new position in Rogers in the second quarter valued at approximately $18,012,000. Finally, Man Group plc bought a new position in Rogers in the second quarter valued at approximately $7,720,000. 96.02% of the stock is owned by institutional investors and hedge funds.

Rogers Company Profile

Rogers Corporation (NYSE: ROG) is a global manufacturer of engineered materials and specialty components used in demanding applications. The company develops high-performance elastomers, polymer composites, laminates and other material technologies designed to provide electrical insulation, thermal management, vibration control, protection and reliability.

Its products are used in electric and hybrid vehicles, power electronics, telecommunications and 5G infrastructure, aerospace and defense systems, healthcare equipment, renewable energy systems and various industrial applications.