Rogers (NYSE:ROG) Shares Gap Down – Here’s What Happened

Rogers Corporation (NYSE:ROG)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $136.75, but opened at $128.05. Rogers shares last traded at $126.3040, with a volume of 7,571 shares traded.

More Rogers News

Here are the key news stories impacting Rogers this week:

• Neutral Sentiment: Rogers schools announced seven new Cambridge International courses; this is unrelated to Rogers Corporation. Rogers schools adding seven new Cambridge International courses
• Neutral Sentiment: Other reports covered fee-waived pet adoptions in Rogers, Arkansas, a local shooting, high-school and professional athletes, and political coverage involving Mike Rogers. None involves the publicly traded company. Fee-waived adoptions in Rogers
• Neutral Sentiment: Mary Kay’s digital-transformation announcement quotes CEO Ryan Rogers, while Smith+Nephew reported the departure of CFO John Rogers; both developments concern different companies and should not be attributed to ROG. Mary Kay accelerates beauty innovation

Analyst Ratings Changes

A number of research firms have issued reports on ROG. B. Riley Financial increased their price target on Rogers to $200.00 and gave the stock a “buy” rating in a report on Monday, June 15th. Weiss Ratings raised Rogers from a “sell (d)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. Zacks Research lowered shares of Rogers from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Finally, Wall Street Zen downgraded Rogers from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $200.00.

Rogers Stock Down 2.5%

The stock has a market cap of $2.26 billion, a PE ratio of 72.29 and a beta of 0.51. The firm has a 50-day simple moving average of $141.61 and a 200-day simple moving average of $126.98.

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

Institutional Investors Weigh In On Rogers

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Two Sigma Securities LLC purchased a new stake in shares of Rogers during the 2nd quarter valued at $360,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Rogers by 16.6% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 50,482 shares of the electronics maker’s stock worth $8,265,000 after purchasing an additional 7,191 shares during the period. Hsbc Holdings PLC increased its stake in shares of Rogers by 145.6% in the second quarter. Hsbc Holdings PLC now owns 40,685 shares of the electronics maker’s stock worth $6,707,000 after buying an additional 24,118 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of Rogers during the second quarter valued at about $67,000. Finally, Capstone Investment Advisors LLC purchased a new stake in Rogers in the 2nd quarter worth approximately $793,000. 96.02% of the stock is owned by hedge funds and other institutional investors.

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.