Wall Street Zen Downgrades Rogers (NYSE:ROG) to Hold

Rogers (NYSE:ROG) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Monday, Wall Street Zen reports.

ROG has been the subject of several other research reports. Zacks Research cut Rogers from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 23rd. B. Riley Financial boosted their price objective on shares of Rogers to $200.00 and gave the company a “buy” rating in a research note on Monday, June 15th. Finally, Weiss Ratings upgraded shares of Rogers from a “sell (d)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $200.00.

Rogers Stock Down 2.0%

NYSE ROG opened at $123.00 on Monday. The firm has a market cap of $2.20 billion, a P/E ratio of 70.29 and a beta of 0.50. Rogers has a 52-week low of $75.14 and a 52-week high of $169.00. The business’s 50-day moving average price is $135.79 and its 200 day moving average price is $128.41.

Rogers (NYSE:ROG) last posted its quarterly earnings data on Tuesday, July 28th. The electronics maker reported $0.92 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.07). Rogers had a net margin of 3.75% and a return on equity of 5.17%. The company had revenue of $216.80 million for the quarter, compared to analysts’ expectations of $215.00 million. Rogers has set its Q3 2026 guidance at 1.100-1.300 EPS. As a group, analysts anticipate that Rogers will post 3.83 earnings per share for the current year.

Institutional Trading of Rogers

Several hedge funds have recently modified their holdings of ROG. State of Wyoming acquired a new position in Rogers during the second quarter worth $42,000. Public Employees Retirement System of Ohio acquired a new stake in Rogers in the second quarter valued at $67,000. Kemnay Advisory Services Inc. acquired a new stake in Rogers in the fourth quarter valued at $42,000. Parallel Advisors LLC boosted its position in shares of Rogers by 19.7% during the 1st quarter. Parallel Advisors LLC now owns 875 shares of the electronics maker’s stock worth $94,000 after purchasing an additional 144 shares in the last quarter. Finally, Nykredit A S purchased a new stake in shares of Rogers during the 2nd quarter worth $149,000. 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.