Rogers (NYSE:ROG) Hits New 1-Year High – Time to Buy?
by Scott Moore · The Cerbat GemRogers Corporation (NYSE:ROG – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $102.54 and last traded at $102.3810, with a volume of 67629 shares trading hands. The stock had previously closed at $99.90.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the company. Wall Street Zen upgraded Rogers from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. B. Riley reaffirmed a “buy” rating on shares of Rogers in a research report on Thursday, October 30th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Rogers in a research report on Wednesday, October 8th. Finally, Zacks Research lowered Rogers from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Rogers currently has a consensus rating of “Hold” and a consensus target price of $85.00.
Rogers Price Performance
The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of -27.27 and a beta of 0.40. The stock’s fifty day simple moving average is $89.61 and its two-hundred day simple moving average is $82.01.
Rogers (NYSE:ROG – Get Free Report) last announced its quarterly earnings data on Wednesday, October 29th. The electronics maker reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.20. The business had revenue of $216.00 million during the quarter, compared to the consensus estimate of $207.53 million. Rogers had a negative net margin of 8.35% and a positive return on equity of 2.92%. Rogers has set its Q4 2025 guidance at 0.400-0.800 EPS. On average, sell-side analysts predict that Rogers Corporation will post 3.57 EPS for the current year.
Insider Buying and Selling at Rogers
In related news, SVP Brian Keith Larabee sold 775 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $85.87, for a total value of $66,549.25. Following the sale, the senior vice president owned 4,462 shares of the company’s stock, valued at approximately $383,151.94. This trade represents a 14.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.35% of the company’s stock.
Institutional Trading of Rogers
Large investors have recently modified their holdings of the company. Norges Bank acquired a new stake in Rogers in the second quarter worth about $89,111,000. Capital Research Global Investors bought a new stake in Rogers during the third quarter worth approximately $98,295,000. Atreides Management LP bought a new stake in shares of Rogers during the 2nd quarter worth $12,888,000. Ameriprise Financial Inc. increased its stake in Rogers by 38.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 596,713 shares of the electronics maker’s stock worth $40,863,000 after purchasing an additional 165,174 shares in the last quarter. Finally, Segall Bryant & Hamill LLC purchased a new position in shares of Rogers in the third quarter worth approximately $11,373,000. Institutional investors and hedge funds own 96.02% of the company’s stock.
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.