Rogers (NYSE:ROG) Sets New 52-Week High – Here’s What Happened

Rogers Corporation (NYSE:ROG)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $119.37 and last traded at $118.7570, with a volume of 146625 shares trading hands. The stock had previously closed at $117.96.

Wall Street Analysts Forecast Growth

ROG has been the subject of several recent analyst reports. B. Riley Financial upped their price objective on shares of Rogers from $127.00 to $133.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Rogers in a research note on Thursday, January 22nd. Finally, Zacks Research downgraded shares of Rogers from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Rogers currently has a consensus rating of “Hold” and an average price target of $133.00.

Rogers Price Performance

The company has a market capitalization of $2.09 billion, a P/E ratio of -35.13 and a beta of 0.34. The stock’s 50 day moving average is $107.42 and its 200-day moving average is $95.32.

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

Insider Transactions at Rogers

In related news, SVP Michael Reed Webb sold 1,197 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $106.25, for a total value of $127,181.25. Following the completion of the transaction, the senior vice president directly owned 9,747 shares of the company’s stock, valued at $1,035,618.75. This represents a 10.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.08% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Rogers

Institutional investors have recently bought and sold shares of the stock. Invesco Ltd. grew its holdings in Rogers by 4.2% in the fourth quarter. Invesco Ltd. now owns 89,594 shares of the electronics maker’s stock worth $8,204,000 after purchasing an additional 3,615 shares during the period. Mercer Global Advisors Inc. ADV purchased a new stake in Rogers in the fourth quarter worth about $264,000. Summit Global Investments purchased a new stake in Rogers in the fourth quarter worth about $1,410,000. State of Tennessee Department of Treasury grew its holdings in Rogers by 32.7% in the fourth quarter. State of Tennessee Department of Treasury now owns 5,448 shares of the electronics maker’s stock worth $530,000 after purchasing an additional 1,343 shares during the period. Finally, XTX Topco Ltd purchased a new stake in Rogers in the fourth quarter worth about $1,003,000. 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.