Insider Selling: Rogers (NYSE:ROG) SVP Sells $106,189.74 in Stock

Rogers Corporation (NYSE:ROG) SVP Michael Reed Webb sold 954 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $111.31, for a total transaction of $106,189.74. Following the sale, the senior vice president directly owned 7,769 shares of the company’s stock, valued at $864,767.39. The trade was a 10.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Michael Reed Webb also recently made the following trade(s):

• On Thursday, February 19th, Michael Reed Webb sold 1,197 shares of Rogers stock. The shares were sold at an average price of $106.25, for a total transaction of $127,181.25.

Rogers Price Performance

NYSE ROG opened at $109.69 on Thursday. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of -32.84 and a beta of 0.36. Rogers Corporation has a 12 month low of $51.43 and a 12 month high of $112.81. The company’s fifty day moving average price is $101.00 and its two-hundred day moving average price is $89.46.

Rogers (NYSE:ROG) last released its earnings results 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. Rogers had a negative net margin of 7.62% and a positive return on equity of 3.56%. The company had revenue of $201.50 million during the quarter, compared to the consensus estimate of $196.50 million. Rogers has set its Q1 2026 guidance at 0.450-0.850 EPS. As a group, analysts anticipate that Rogers Corporation will post 3.57 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. B. Riley Financial lifted their target price on Rogers from $127.00 to $133.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Weiss Ratings restated a “sell (d)” rating on shares of Rogers in a research note on Thursday, January 22nd. Finally, Zacks Research downgraded shares of Rogers from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Rogers has an average rating of “Hold” and an average target price of $109.00.

Institutional Trading of Rogers

Hedge funds have recently made changes to their positions in the stock. Invesco Ltd. increased its position in Rogers by 4.2% in the fourth quarter. Invesco Ltd. now owns 89,594 shares of the electronics maker’s stock worth $8,204,000 after buying an additional 3,615 shares during the period. Mercer Global Advisors Inc. ADV acquired a new position in shares of Rogers during the fourth quarter valued at $264,000. Summit Global Investments acquired a new stake in shares of Rogers in the 4th quarter worth about $1,410,000. State of Tennessee Department of Treasury lifted its position in Rogers by 32.7% in the 4th 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. Finally, XTX Topco Ltd acquired a new position in Rogers during the 4th quarter valued at about $1,003,000. Institutional investors own 96.02% of the company’s stock.

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.