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

Shares of Rogers Corporation (NYSE:ROG) gapped up prior to trading on Friday . The stock had previously closed at $129.68, but opened at $135.00. Rogers shares last traded at $134.27, with a volume of 8,539 shares.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ROG. Zacks Research lowered shares of Rogers from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. B. Riley Financial increased their price objective on shares of Rogers to $200.00 and gave the company a “buy” rating in a research note on Monday, June 15th. Weiss Ratings upgraded shares of Rogers from a “sell (d)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Finally, Wall Street Zen cut shares of Rogers from a “buy” rating to a “hold” rating in a research note on Monday, August 31st. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $200.00.

Rogers Price Performance

The stock has a market capitalization of $2.43 billion, a P/E ratio of 77.68 and a beta of 0.50. The firm has a 50-day simple moving average of $131.42 and a 200 day simple moving average of $129.45.

Rogers (NYSE:ROG) last released 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). 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 the consensus estimate of $215.00 million. Rogers has set its Q3 2026 guidance at 1.100-1.300 EPS. Sell-side analysts anticipate that Rogers Corporation will post 3.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Rogers

Institutional investors have recently added to or reduced their stakes in the business. State of Wyoming bought a new position in shares of Rogers during the second quarter valued at $42,000. Kemnay Advisory Services Inc. bought a new stake in shares of Rogers in the fourth quarter worth $42,000. Integrated Wealth Concepts LLC acquired a new stake in Rogers in the second quarter valued at $52,000. Public Employees Retirement System of Ohio acquired a new stake in Rogers in the second quarter valued at $67,000. Finally, Parallel Advisors LLC raised its position in Rogers by 19.7% during the 1st quarter. Parallel Advisors LLC now owns 875 shares of the electronics maker’s stock worth $94,000 after purchasing an additional 144 shares during the last quarter. 96.02% of the stock is owned by institutional investors.

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.