Zacks Research Upgrades Rogers (NYSE:ROG) to “Strong-Buy”

Rogers (NYSE:ROG) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

A number of other research firms have also issued reports on ROG. B. Riley Financial boosted their target price on Rogers to $200.00 and gave the company a “buy” rating in a report on Monday, June 15th. Weiss Ratings raised shares of Rogers from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Rogers currently has an average rating of “Moderate Buy” and a consensus price target of $200.00.

Rogers Price Performance

NYSE ROG opened at $166.76 on Wednesday. The company has a fifty day moving average of $140.99 and a two-hundred day moving average of $115.45. The company has a market capitalization of $2.98 billion, a PE ratio of -55.40 and a beta of 0.52. Rogers has a 1 year low of $61.17 and a 1 year high of $169.00.

Rogers (NYSE:ROG) last posted 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 business 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. On average, research analysts expect that Rogers will post 3.71 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Brian Keith Larabee sold 830 shares of the firm’s stock in a transaction 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 completion of the transaction, the senior vice president owned 5,515 shares in the company, valued at $749,543.65. This trade represents a 13.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.08% of the company’s stock.

Institutional Investors Weigh In On Rogers

A number of institutional investors and hedge funds have recently bought and sold shares of ROG. Royal Bank of Canada lifted its stake in shares of Rogers by 15.7% during the first quarter. Royal Bank of Canada now owns 4,276 shares of the electronics maker’s stock valued at $288,000 after buying an additional 580 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Rogers by 121.3% during the first quarter. AQR Capital Management LLC now owns 8,376 shares of the electronics maker’s stock worth $566,000 after purchasing an additional 4,591 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Rogers by 5.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,221 shares of the electronics maker’s stock valued at $758,000 after purchasing an additional 536 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Rogers by 4.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 51,135 shares of the electronics maker’s stock valued at $3,453,000 after buying an additional 2,405 shares during the period. Finally, Jane Street Group LLC acquired a new stake in shares of Rogers in the first quarter worth approximately $4,345,000. Hedge funds and other 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.