Rogers (NYSE:ROG) SVP Michael Reed Webb Sells 1,197 Shares

Rogers Corporation (NYSE:ROGGet Free Report) SVP Michael Reed Webb sold 1,197 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $106.25, for a total value of $127,181.25. Following the sale, the senior vice president owned 9,747 shares in the company, valued at approximately $1,035,618.75. This represents a 10.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Rogers Stock Performance

ROG traded down $3.50 during trading on Friday, reaching $107.61. 86,801 shares of the stock were exchanged, compared to its average volume of 159,666. The stock’s 50 day moving average price is $98.12 and its two-hundred day moving average price is $87.11. Rogers Corporation has a twelve month low of $51.43 and a twelve month high of $112.81. The stock has a market cap of $1.94 billion, a P/E ratio of -32.34 and a beta of 0.40.

Rogers (NYSE:ROGGet Free Report) last announced its quarterly earnings data on Tuesday, February 17th. The electronics maker reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.29. The company had revenue of $201.50 million during the quarter, compared to the consensus estimate of $196.50 million. Rogers had a negative net margin of 7.62% and a positive return on equity of 3.56%. Rogers has set its Q1 2026 guidance at 0.450-0.850 EPS. Equities research analysts predict that Rogers Corporation will post 3.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Kemnay Advisory Services Inc. bought a new stake in shares of Rogers in the fourth quarter valued at approximately $42,000. Global Retirement Partners LLC lifted its position in shares of Rogers by 6,576.5% during the 4th quarter. Global Retirement Partners LLC now owns 1,135 shares of the electronics maker’s stock valued at $104,000 after acquiring an additional 1,118 shares during the period. Virtus Advisers LLC acquired a new stake in shares of Rogers during the 3rd quarter worth $127,000. Quadrant Capital Group LLC bought a new position in shares of Rogers in the third quarter worth $130,000. Finally, PNC Financial Services Group Inc. raised its stake in Rogers by 119.7% in the third quarter. PNC Financial Services Group Inc. now owns 1,905 shares of the electronics maker’s stock valued at $153,000 after purchasing an additional 1,038 shares in the last quarter. Institutional investors and hedge funds own 96.02% of the company’s stock.

Rogers News Roundup

Here are the key news stories impacting Rogers this week:

Analysts Set New Price Targets

A number of research firms recently weighed in on ROG. B. Riley Financial increased their price target on Rogers from $127.00 to $133.00 and gave the company a “buy” rating in a research note on Wednesday. Weiss Ratings reiterated a “sell (d)” rating on shares of Rogers in a report on Thursday, January 22nd. Zacks Research lowered shares of Rogers from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Finally, Wall Street Zen raised shares of Rogers from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $109.00.

Read Our Latest Stock Report on Rogers

About Rogers

(Get Free Report)

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.

See Also

Receive News & Ratings for Rogers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rogers and related companies with MarketBeat.com's FREE daily email newsletter.