Rogers (NYSE:ROG) Upgraded by Zacks Research to Strong-Buy Rating

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

Several other equities research analysts have also recently commented on ROG. Weiss Ratings upgraded Rogers from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 18th. B. Riley Financial raised their price target on shares of Rogers to $200.00 and gave the stock a “buy” rating in a research note on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $200.00.

Rogers Trading Up 2.9%

Shares of NYSE ROG opened at $166.76 on Wednesday. The company has a fifty day moving average price of $140.99 and a 200 day moving average price of $115.45. The firm has a market cap 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 issued its quarterly earnings results on Tuesday, April 28th. The electronics maker reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.07. The company had revenue of $200.50 million for the quarter, compared to analyst estimates 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. Equities research analysts forecast that Rogers will post 3.71 EPS for the current year.

Insider Activity at Rogers

In related news, SVP Brian Keith Larabee sold 830 shares of the firm’s stock in a transaction on Friday, May 1st. The shares were 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 directly owned 5,515 shares of the company’s stock, valued at approximately $749,543.65. This trade represents a 13.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.08% of the company’s stock.

Institutional Trading of Rogers

A number of large investors have recently added to or reduced their stakes in ROG. Kemnay Advisory Services Inc. bought a new position in shares of Rogers in the 4th quarter valued at about $42,000. Parallel Advisors LLC lifted its stake in Rogers by 19.7% in the 1st quarter. Parallel Advisors LLC now owns 875 shares of the electronics maker’s stock valued at $94,000 after purchasing an additional 144 shares during the last quarter. Global Retirement Partners LLC lifted its stake in Rogers by 6,576.5% in the 4th quarter. Global Retirement Partners LLC now owns 1,135 shares of the electronics maker’s stock valued at $104,000 after purchasing an additional 1,118 shares during the last quarter. Virtus Advisers LLC bought a new position in Rogers during the third quarter worth about $127,000. Finally, Quadrant Capital Group LLC bought a new position in Rogers during the third quarter worth about $130,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Rogers Company Profile

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.