Rogers (NYSE:ROG) Shares Gap Down – Here’s Why

Rogers Corporation (NYSE:ROG)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $136.75, but opened at $128.05. Rogers shares last traded at $126.3040, with a volume of 7,571 shares trading hands.

Key Rogers News

Here are the key news stories impacting Rogers this week:

• Neutral Sentiment: Mike Rogers’ support for a statewide Michigan data-center pause or moratorium was covered by several outlets. While data-center investment can influence demand for electronic materials, these articles do not involve Rogers Corporation or indicate any change to its business. Mike Rogers backs data center pause at campaign stop in Detroit After data center investments revealed, Rogers backs statewide moratorium
• Neutral Sentiment: Other articles discuss Michigan Senate polling, Mike Rogers’ outreach to Democrats, education programs, animal adoptions, and unrelated entertainment and sports stories. These reports are not relevant to ROG’s valuation. Abdul El-Sayed and Mike Rogers latest polls Erin Gray on Buck Rogers and auditioning for Star Trek Voyager
• Neutral Sentiment: A report about a Canadian Rogers customer affected by a cell-phone delivery scam refers to Rogers Communications and has no connection to Rogers Corporation. B.C. Rogers customer owes $4,000 after falling for cell phone delivery scam

Analyst Ratings Changes

Several research analysts recently weighed in on ROG shares. Zacks Research lowered Rogers from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Wall Street Zen cut shares of Rogers from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings raised Rogers from a “sell (d)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. Finally, B. Riley Financial boosted their price target on shares of Rogers to $200.00 and gave the stock a “buy” rating in a report on Monday, June 15th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Rogers currently has an average rating of “Hold” and a consensus price target of $200.00.

Rogers Stock Performance

The company has a market capitalization of $2.26 billion, a PE ratio of 72.31 and a beta of 0.51. The company’s 50-day simple moving average is $140.72 and its 200-day simple moving average is $127.18.

Rogers (NYSE:ROG) last posted its quarterly earnings data on Tuesday, July 28th. The electronics maker reported $0.92 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.07). Rogers had a net margin of 3.75% and a return on equity of 5.17%. The company had revenue of $216.80 million for the quarter, compared to analysts’ expectations of $215.00 million. Rogers has set its Q3 2026 guidance at 1.100-1.300 EPS. Analysts expect that Rogers Corporation will post 3.83 EPS for the current year.

Hedge Funds Weigh In On Rogers

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nykredit A S acquired a new position in Rogers during the second quarter worth $149,000. Two Sigma Securities LLC purchased a new position in Rogers during the 2nd quarter valued at about $360,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Rogers by 16.6% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 50,482 shares of the electronics maker’s stock worth $8,265,000 after purchasing an additional 7,191 shares in the last quarter. Hsbc Holdings PLC increased its position in Rogers by 145.6% during the second quarter. Hsbc Holdings PLC now owns 40,685 shares of the electronics maker’s stock worth $6,707,000 after buying an additional 24,118 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in Rogers during the 2nd quarter worth about $67,000. Institutional investors and hedge funds 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.