Wall Street Zen cut shares of Rogers (NYSE:ROG – Free Report) from a buy rating to a hold rating in a report published on Monday,Wall Street Zen reports.
ROG has been the topic of a number of other reports. Zacks Research downgraded shares of Rogers from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Weiss Ratings upgraded shares of Rogers from a “sell (d)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. Finally, B. Riley Financial increased their target price on shares of Rogers to $200.00 and gave the stock a “buy” rating in a 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $200.00.
View Our Latest Stock Analysis on ROG
Rogers Stock Down 0.3%
Rogers (NYSE:ROG – Get Free Report) last released its 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 net margin of 3.75% and a return on equity of 5.17%. The company had revenue of $216.80 million during the quarter, compared to analyst estimates of $215.00 million. Rogers has set its Q3 2026 guidance at 1.100-1.300 EPS. Analysts expect that Rogers will post 3.83 EPS for the current fiscal year.
Institutional Trading of Rogers
Large investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in Rogers during the 2nd quarter worth approximately $556,493,000. California State Teachers Retirement System boosted its holdings in shares of Rogers by 14,522.9% in the second quarter. California State Teachers Retirement System now owns 2,866,094 shares of the electronics maker’s stock valued at $469,266,000 after buying an additional 2,846,494 shares during the period. Norges Bank bought a new stake in shares of Rogers during the fourth quarter worth $119,157,000. Capital Research Global Investors increased 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 acquiring an additional 297,380 shares in the last quarter. Finally, Atreides Management LP acquired a new stake in shares of Rogers during the second quarter worth $30,996,000. 96.02% of the stock is owned by institutional investors.
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.
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