Rogers Corporation (NYSE:ROG – Get Free Report)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $169.00 and last traded at $165.1750, with a volume of 105797 shares changing hands. The stock had previously closed at $162.68.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on ROG. Weiss Ratings upgraded Rogers from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 18th. B. Riley Financial upped 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. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $200.00.
Check Out Our Latest Research Report on ROG
Rogers Trading Up 1.4%
Rogers (NYSE:ROG – Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The electronics maker reported $0.75 EPS for the quarter, beating the consensus estimate of $0.68 by $0.07. The firm had revenue of $200.50 million for the quarter, compared to analyst estimates of $200.50 million. Rogers had a negative net margin of 6.81% and a positive return on equity of 4.31%. Rogers has set its Q2 2026 guidance at 0.900-1.100 EPS. As a group, research analysts forecast that Rogers Corporation will post 3.71 earnings per share for the current year.
Insider Activity
In other news, SVP Brian Keith Larabee sold 830 shares of the firm’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $135.91, for a total value of $112,805.30. Following the transaction, the senior vice president owned 5,515 shares of the company’s stock, valued at approximately $749,543.65. This trade represents a 13.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.08% of the stock is owned by insiders.
Institutional Trading of Rogers
Institutional investors have recently added to or reduced their stakes in the business. Capital Research Global Investors raised its position in Rogers by 24.3% in the fourth quarter. Capital Research Global Investors now owns 1,519,040 shares of the electronics maker’s stock valued at $139,098,000 after purchasing an additional 297,380 shares during the period. Norges Bank purchased a new stake in shares of Rogers in the fourth quarter worth about $119,157,000. State Street Corp boosted its position in shares of Rogers by 3.8% in the fourth quarter. State Street Corp now owns 732,659 shares of the electronics maker’s stock worth $67,090,000 after buying an additional 27,036 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Rogers by 38.3% in the second quarter. Ameriprise Financial Inc. now owns 596,713 shares of the electronics maker’s stock valued at $40,863,000 after buying an additional 165,174 shares in the last quarter. Finally, Clearline Capital LP grew its stake in shares of Rogers by 36.6% in the fourth quarter. Clearline Capital LP now owns 472,841 shares of the electronics maker’s stock valued at $43,298,000 after buying an additional 126,636 shares in the last quarter. 96.02% of the stock is owned by hedge funds and other 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.
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