Rogers (NYSE:ROG) Hits New 12-Month High – Should You Buy?
by Renee Jackson · The Cerbat GemRogers Corporation (NYSE:ROG – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $122.58 and last traded at $122.61, with a volume of 303058 shares changing hands. The stock had previously closed at $122.34.
Analyst Ratings Changes
A number of research firms have issued reports on ROG. Weiss Ratings reissued a “sell (d)” rating on shares of Rogers in a research note on Thursday, January 22nd. B. Riley Financial boosted their target price on Rogers from $127.00 to $133.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Finally, Zacks Research cut Rogers from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Rogers currently has an average rating of “Hold” and a consensus price target of $133.00.
Rogers Price Performance
The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of -37.23 and a beta of 0.34. The firm has a 50-day moving average price of $108.08 and a two-hundred day moving average price of $95.97.
Rogers (NYSE:ROG – Get Free Report) last posted its quarterly earnings data on Tuesday, February 17th. The electronics maker reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.29. The company had revenue of $201.50 million during the quarter, compared to analysts’ expectations of $196.50 million. Rogers had a positive return on equity of 3.56% and a negative net margin of 7.62%.Rogers has set its Q1 2026 guidance at 0.450-0.850 EPS. On average, equities analysts predict that Rogers Corporation will post 3.57 EPS for the current year.
Insider Buying and Selling at Rogers
In other news, SVP Michael Reed Webb sold 1,197 shares of the company’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $106.25, for a total transaction of $127,181.25. Following the completion of the transaction, the senior vice president directly owned 9,747 shares of the company’s stock, valued at $1,035,618.75. This represents a 10.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.08% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC boosted its position in shares of Rogers by 26.3% during the first quarter. SG Americas Securities LLC now owns 92,453 shares of the electronics maker’s stock worth $9,923,000 after buying an additional 19,277 shares during the period. Invesco Ltd. boosted its position in Rogers by 4.2% during the fourth quarter. Invesco Ltd. now owns 89,594 shares of the electronics maker’s stock valued at $8,204,000 after purchasing an additional 3,615 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in Rogers during the fourth quarter valued at approximately $264,000. Summit Global Investments acquired a new position in Rogers during the fourth quarter valued at approximately $1,410,000. Finally, State of Tennessee Department of Treasury boosted its position in Rogers by 32.7% during the fourth quarter. State of Tennessee Department of Treasury now owns 5,448 shares of the electronics maker’s stock valued at $530,000 after purchasing an additional 1,343 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.
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.