Rogers (NYSE:ROG) Sees Large Volume Increase – Time to Buy?
by Doug Wharley · The Cerbat GemRogers Corporation (NYSE:ROG – Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 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.
Wall Street Analysts Forecast Growth
ROG has been the subject of several analyst reports. B. Riley Financial reaffirmed a “buy” rating on shares of Rogers in a research report on Thursday, April 23rd. Weiss Ratings raised Rogers from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Rogers has a consensus rating of “Hold” and an average target price of $133.00.
Get Our Latest Stock Analysis on ROG
Rogers Stock Performance
The stock’s 50-day moving average is $118.41 and its 200 day moving average is $102.91. The stock has a market capitalization of $2.32 billion, a PE ratio of -43.14 and a beta of 0.51.
Rogers (NYSE:ROG – Get Free Report) last posted its earnings results on Tuesday, April 28th. The electronics maker reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.07. The firm had revenue of $200.50 million for the quarter, compared to the consensus estimate 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 earnings per share for the current year.
Insider Activity at Rogers
In other Rogers news, SVP Michael Reed Webb sold 1,197 shares of Rogers stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $106.25, for a total transaction of $127,181.25. Following the transaction, the senior vice president owned 9,747 shares of the company’s stock, valued at $1,035,618.75. The trade was a 10.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Brian Keith Larabee sold 830 shares of Rogers stock in a transaction that occurred on Friday, May 1st. The stock was 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 in the company, valued at approximately $749,543.65. This trade represents a 13.08% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 2,981 shares of company stock worth $346,176. 1.08% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in ROG. Kemnay Advisory Services Inc. purchased a new stake in shares of Rogers in the fourth quarter valued at about $42,000. Parallel Advisors LLC raised its holdings in shares of Rogers by 19.7% in the first quarter. Parallel Advisors LLC now owns 875 shares of the electronics maker’s stock valued at $94,000 after buying an additional 144 shares during the last quarter. Global Retirement Partners LLC raised its holdings in shares of Rogers by 6,576.5% in the fourth quarter. Global Retirement Partners LLC now owns 1,135 shares of the electronics maker’s stock valued at $104,000 after buying an additional 1,118 shares during the last quarter. Virtus Advisers LLC purchased a new stake in shares of Rogers in the third quarter valued at about $127,000. Finally, Quadrant Capital Group LLC purchased a new stake in shares of Rogers in the third quarter valued at about $130,000. 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.