Rogers (NYSE:ROG) Sees Unusually-High Trading Volume – Here’s What Happened

Rogers Corporation (NYSE:ROG) shares saw strong trading volume on Tuesday . 177,721 shares changed hands during mid-day trading, a decline of 16% from the previous session’s volume of 211,982 shares.The stock last traded at $158.48 and had previously closed at $154.93.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ROG. B. Riley Financial increased their price objective on Rogers to $200.00 and gave the stock a “buy” rating in a research report on Monday. Weiss Ratings upgraded Rogers from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 18th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $200.00.

Rogers Stock Up 0.6%

The firm has a market cap of $2.78 billion, a price-to-earnings ratio of -51.80 and a beta of 0.52. The business has a 50 day moving average of $133.09 and a 200 day moving average of $111.11.

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

Insider Transactions at Rogers

In other Rogers news, SVP Brian Keith Larabee sold 830 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $135.91, for a total value of $112,805.30. Following the sale, the senior vice president directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.08% of the company’s stock.

Institutional Trading of Rogers

A number of hedge funds have recently added to or reduced their stakes in ROG. Kemnay Advisory Services Inc. acquired a new stake in Rogers in the 4th quarter worth about $42,000. Parallel Advisors LLC grew its position in Rogers by 19.7% during the first quarter. Parallel Advisors LLC now owns 875 shares of the electronics maker’s stock valued at $94,000 after acquiring an additional 144 shares during the period. Global Retirement Partners LLC grew its position in Rogers by 6,576.5% during the fourth quarter. Global Retirement Partners LLC now owns 1,135 shares of the electronics maker’s stock valued at $104,000 after acquiring an additional 1,118 shares during the period. Virtus Advisers LLC purchased a new stake in Rogers during the third quarter valued at about $127,000. Finally, Quadrant Capital Group LLC acquired a new position in shares of Rogers in the 3rd quarter valued at about $130,000. 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.