Zacks Research Upgrades Rogers (NYSE:ROG) to Strong-Buy

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

ROG has been the subject of several other reports. B. Riley Financial raised their price target on shares of Rogers to $200.00 and gave the stock a “buy” rating in a research note on Monday, June 15th. Weiss Ratings raised shares of Rogers from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Rogers has a consensus rating of “Moderate Buy” and an average price target of $200.00.

Rogers Trading Up 2.9%

ROG stock opened at $166.76 on Wednesday. The business’s 50-day moving average price is $140.99 and its two-hundred day moving average price is $115.45. Rogers has a 1-year low of $61.17 and a 1-year high of $169.00. The firm has a market cap of $2.98 billion, a PE ratio of -55.40 and a beta of 0.52.

Rogers (NYSE:ROG) last released its quarterly earnings results on Tuesday, April 28th. The electronics maker reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.07. The company 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. On average, analysts forecast that Rogers will post 3.71 earnings per share for the current year.

Insiders Place Their Bets

In other Rogers news, SVP Brian Keith Larabee sold 830 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $135.91, for a total value of $112,805.30. Following the transaction, the senior vice president directly owned 5,515 shares of the company’s stock, valued at $749,543.65. This trade represents a 13.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.08% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Rogers

Several large investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC raised its holdings in Rogers by 2.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,704 shares of the electronics maker’s stock worth $453,000 after purchasing an additional 130 shares during the last quarter. Signaturefd LLC grew its holdings in Rogers by 4.1% during the 4th quarter. Signaturefd LLC now owns 3,343 shares of the electronics maker’s stock worth $306,000 after acquiring an additional 133 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Rogers by 1.9% in the 1st quarter. The Manufacturers Life Insurance Company now owns 7,541 shares of the electronics maker’s stock worth $809,000 after acquiring an additional 143 shares in the last quarter. Parallel Advisors LLC grew its stake in Rogers by 19.7% during the first quarter. Parallel Advisors LLC now owns 875 shares of the electronics maker’s stock worth $94,000 after purchasing an additional 144 shares during the period. Finally, Squarepoint Ops LLC lifted its stake in Rogers by 0.6% in the third quarter. Squarepoint Ops LLC now owns 29,294 shares of the electronics maker’s stock valued at $2,357,000 after buying an additional 162 shares during the period. 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.