Rogers (NYSE:ROG) Sees Large Volume Increase – Here’s What Happened

Shares of Rogers Corporation (NYSE:ROG) saw an uptick in trading volume on Wednesday . 138,820 shares traded hands during mid-day trading, a decline of 29% from the previous session’s volume of 195,039 shares.The stock last traded at $130.28 and had previously closed at $130.80.

Analyst Ratings Changes

Several research firms have recently issued reports on ROG. B. Riley Financial reiterated 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. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Rogers presently has a consensus rating of “Hold” and a consensus target price of $133.00.

Rogers Price Performance

The stock has a market capitalization of $2.36 billion, a P/E ratio of -43.92 and a beta of 0.51. The stock’s fifty day moving average is $119.51 and its two-hundred day moving average is $103.54.

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

Insider Activity at Rogers

In related news, SVP Michael Reed Webb sold 954 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were 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 approximately $864,767.39. This represents a 10.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Brian Keith Larabee sold 830 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were 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 owned 5,515 shares of the company’s stock, valued at approximately $749,543.65. This trade represents a 13.08% decrease in their position. The SEC filing for this sale provides additional information. 1.08% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Rogers

Several hedge funds have recently made changes to their positions in ROG. Royal Bank of Canada lifted its position in shares of Rogers by 15.7% in the 1st quarter. Royal Bank of Canada now owns 4,276 shares of the electronics maker’s stock valued at $288,000 after acquiring an additional 580 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Rogers by 121.3% in the 1st quarter. AQR Capital Management LLC now owns 8,376 shares of the electronics maker’s stock valued at $566,000 after acquiring an additional 4,591 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Rogers by 5.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,221 shares of the electronics maker’s stock worth $758,000 after buying an additional 536 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Rogers by 4.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 51,135 shares of the electronics maker’s stock worth $3,453,000 after buying an additional 2,405 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in Rogers in the 1st quarter worth approximately $4,345,000. 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.