Rogers (NYSE:ROG) Downgraded by Zacks Research to “Hold”

Zacks Research downgraded shares of Rogers (NYSE:ROG) from a strong-buy rating to a hold rating in a research note issued to investors on Monday morning,Zacks.com reports.

Other equities analysts have also recently issued reports about the company. Wall Street Zen raised Rogers from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Rogers in a research note on Wednesday, October 8th. Finally, B. Riley reissued a “buy” rating on shares of Rogers in a research note on Thursday, October 30th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $85.00.

Rogers Stock Down 0.3%

Shares of NYSE ROG opened at $93.51 on Monday. Rogers has a 52 week low of $51.43 and a 52 week high of $106.12. The firm has a 50-day moving average price of $86.39 and a 200 day moving average price of $79.22. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of -25.76 and a beta of 0.42.

Rogers (NYSE:ROG) last issued its earnings results on Wednesday, October 29th. The electronics maker reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.20. Rogers had a negative net margin of 8.35% and a positive return on equity of 2.92%. The company had revenue of $216.00 million for the quarter, compared to analyst estimates of $207.53 million. Rogers has set its Q4 2025 guidance at 0.400-0.800 EPS. Equities research analysts expect that Rogers will post 3.57 EPS for the current fiscal year.

Insider Activity at Rogers

In related news, SVP Brian Keith Larabee sold 775 shares of the company’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $85.87, for a total value of $66,549.25. Following the completion of the transaction, the senior vice president directly owned 4,462 shares in the company, valued at approximately $383,151.94. This represents a 14.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.85% of the stock is currently owned by corporate insiders.

Institutional Trading of Rogers

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ROG. Illinois Municipal Retirement Fund increased its stake in shares of Rogers by 1.9% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 8,728 shares of the electronics maker’s stock valued at $702,000 after acquiring an additional 161 shares during the last quarter. Squarepoint Ops LLC increased its position in Rogers by 0.6% during the third quarter. Squarepoint Ops LLC now owns 29,294 shares of the electronics maker’s stock worth $2,357,000 after purchasing an additional 162 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Rogers by 81.2% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 444 shares of the electronics maker’s stock worth $30,000 after purchasing an additional 199 shares during the period. Central Pacific Bank Trust Division boosted its holdings in shares of Rogers by 11.1% in the 3rd quarter. Central Pacific Bank Trust Division now owns 2,500 shares of the electronics maker’s stock valued at $201,000 after purchasing an additional 250 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Rogers by 6.5% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,328 shares of the electronics maker’s stock valued at $296,000 after purchasing an additional 264 shares during the last quarter. 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.