Rogers (NYSE:ROG) Reaches New 52-Week High – Here’s Why

Rogers Corporation (NYSE:ROG)’s stock price reached a new 52-week high on Thursday . The company traded as high as $101.00 and last traded at $101.3550, with a volume of 2519 shares traded. The stock had previously closed at $99.65.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Wall Street Zen raised shares of Rogers from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. B. Riley reaffirmed a “buy” rating on shares of Rogers in a research report on Thursday, October 30th. Weiss Ratings reiterated a “sell (d)” rating on shares of Rogers in a research note on Wednesday, October 8th. Finally, Zacks Research cut Rogers from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Two research 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 data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $85.00.

Rogers Stock Down 1.8%

The stock’s 50 day moving average price is $89.01 and its 200-day moving average price is $81.51. The stock has a market capitalization of $1.78 billion, a PE ratio of -27.28 and a beta of 0.40.

Rogers (NYSE:ROG) last posted its quarterly earnings data on Wednesday, October 29th. The electronics maker reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.20. Rogers had a negative net margin of 8.35% and a positive return on equity of 2.92%. The business had revenue of $216.00 million for the quarter, compared to analysts’ expectations of $207.53 million. Rogers has set its Q4 2025 guidance at 0.400-0.800 EPS. On average, analysts forecast that Rogers Corporation will post 3.57 earnings per share for the current year.

Insider Activity at Rogers

In related news, SVP Brian Keith Larabee sold 775 shares of Rogers stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $85.87, for a total value of $66,549.25. Following the completion of the sale, the senior vice president directly owned 4,462 shares in the company, valued at $383,151.94. The trade was a 14.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.35% of the company’s stock.

Institutional Investors Weigh In On Rogers

Several large investors have recently modified their holdings of ROG. MassMutual Private Wealth & Trust FSB lifted its position in shares of Rogers by 81.2% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 444 shares of the electronics maker’s stock worth $30,000 after purchasing an additional 199 shares during the period. Parallel Advisors LLC lifted its holdings in Rogers by 106.9% during the second quarter. Parallel Advisors LLC now owns 745 shares of the electronics maker’s stock worth $51,000 after buying an additional 385 shares during the period. GAMMA Investing LLC lifted its holdings in Rogers by 171.2% during the second quarter. GAMMA Investing LLC now owns 1,006 shares of the electronics maker’s stock worth $69,000 after buying an additional 635 shares during the period. Virtus Advisers LLC bought a new stake in Rogers during the 3rd quarter valued at $127,000. Finally, Quadrant Capital Group LLC purchased a new position in shares of Rogers in the 3rd quarter valued at $130,000. 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.