Rogers (NYSE:ROG) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Rogers (NYSE:ROG) from a buy rating to a hold rating in a research report sent to investors on Monday morning,Wall Street Zen reports.

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

Rogers Trading Up 1.2%

Shares of ROG stock opened at $124.51 on Monday. The company’s 50-day moving average price is $135.04 and its 200-day moving average price is $128.52. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of 71.15 and a beta of 0.50. Rogers has a twelve month low of $75.14 and a twelve month high of $169.00.

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

Hedge Funds Weigh In On Rogers

Several large investors have recently made changes to their positions in ROG. BlackRock Inc. acquired a new stake in Rogers in the 2nd quarter valued at approximately $556,493,000. California State Teachers Retirement System boosted its position in shares of Rogers by 14,522.9% during the second quarter. California State Teachers Retirement System now owns 2,866,094 shares of the electronics maker’s stock worth $469,266,000 after buying an additional 2,846,494 shares during the period. Capital Research Global Investors boosted its position in shares of Rogers by 24.3% during the fourth quarter. Capital Research Global Investors now owns 1,519,040 shares of the electronics maker’s stock worth $139,098,000 after buying an additional 297,380 shares during the period. Norges Bank acquired a new stake in shares of Rogers in the fourth quarter valued at $119,157,000. Finally, State Street Corp raised its holdings in shares of Rogers by 3.8% in the 4th quarter. State Street Corp now owns 732,659 shares of the electronics maker’s stock valued at $67,090,000 after buying an additional 27,036 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

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.