Rogers (NYSE:ROG) Reaches New 52-Week High – Still a Buy?

Shares of Rogers Corporation (NYSE:ROG) hit a new 52-week high on Tuesday . The company traded as high as $145.67 and last traded at $144.18, with a volume of 374179 shares. The stock had previously closed at $135.13.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. B. Riley Financial reissued a “buy” rating on shares of Rogers in a report on Thursday, April 23rd. Weiss Ratings raised shares of Rogers from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 18th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $133.00.

Rogers Trading Up 6.7%

The firm has a market cap of $2.57 billion, a PE ratio of -47.90 and a beta of 0.51. The company has a 50 day moving average price of $120.75 and a 200 day moving average price of $104.28.

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

Insider Buying and Selling at Rogers

In related news, SVP Brian Keith Larabee sold 830 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were 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 in the company, valued at $749,543.65. The trade was a 13.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Michael Reed Webb sold 954 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $111.31, for a total transaction of $106,189.74. Following the completion of the sale, the senior vice president directly owned 7,769 shares in the company, valued at approximately $864,767.39. The trade was a 10.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.08% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ROG. Capital Research Global Investors lifted its stake in Rogers by 24.3% in the 4th quarter. Capital Research Global Investors now owns 1,519,040 shares of the electronics maker’s stock valued at $139,098,000 after buying an additional 297,380 shares in the last quarter. Norges Bank purchased a new position in Rogers during the fourth quarter worth $119,157,000. State Street Corp increased its position in Rogers by 3.8% during the fourth quarter. State Street Corp now owns 732,659 shares of the electronics maker’s stock worth $67,090,000 after buying an additional 27,036 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Rogers by 38.3% in the second quarter. Ameriprise Financial Inc. now owns 596,713 shares of the electronics maker’s stock worth $40,863,000 after acquiring an additional 165,174 shares during the last quarter. Finally, Clearline Capital LP raised its holdings in shares of Rogers by 36.6% in the fourth quarter. Clearline Capital LP now owns 472,841 shares of the electronics maker’s stock worth $43,298,000 after acquiring an additional 126,636 shares during the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

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.