Rogers (NYSE:ROG) Raised to Buy at Wall Street Zen

Rogers (NYSE:ROG) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Sunday.

ROG has been the topic of several other reports. Zacks Research cut Rogers from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Weiss Ratings raised Rogers from a “sell (d)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Finally, B. Riley Financial raised their target price on Rogers to $200.00 and gave the company a “buy” rating in a research note on Monday, June 15th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $200.00.

Rogers Stock Down 2.7%

NYSE:ROG opened at $123.12 on Friday. The stock has a market cap of $2.20 billion, a P/E ratio of 70.35 and a beta of 0.52. The firm’s fifty day simple moving average is $140.08 and its 200 day simple moving average is $127.55. Rogers has a twelve month low of $75.14 and a twelve month high of $169.00.

Rogers (NYSE:ROG) last issued its quarterly earnings data on Tuesday, July 28th. The electronics maker reported $0.92 EPS 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 company had revenue of $216.80 million during the quarter, compared to the consensus estimate of $215.00 million. Rogers has set its Q3 2026 guidance at 1.100-1.300 EPS. On average, analysts expect that Rogers will post 3.83 EPS for the current fiscal year.

Institutional Investors Weigh In On Rogers

Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of Rogers during the second quarter valued at $556,493,000. California State Teachers Retirement System grew its position in Rogers by 14,522.9% during the 2nd quarter. California State Teachers Retirement System now owns 2,866,094 shares of the electronics maker’s stock valued at $469,266,000 after purchasing an additional 2,846,494 shares during the last quarter. Capital Research Global Investors grew its position in Rogers by 24.3% during the 4th 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 last quarter. Norges Bank bought a new stake in Rogers during the 4th quarter valued at about $119,157,000. Finally, State Street Corp raised its holdings in 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 last quarter. 96.02% of the stock is owned by institutional investors.

Key Headlines Impacting Rogers

Here are the key news stories impacting Rogers this week:

• Positive Sentiment: Rogers Corp. formed a bullish “hammer” chart pattern after its recent decline, which may indicate that selling pressure is easing. The article also cited improving earnings-estimate revisions as a potential catalyst for a near-term rebound. Rogers Corp. Forms Hammer Chart Pattern
• Positive Sentiment: Wall Street Zen reportedly upgraded Rogers (ROG) to “Buy,” which could provide some support for investor sentiment, although the article does not indicate a fundamental change in the company’s outlook. Rogers Raised to Buy
• Neutral Sentiment: A Seeking Alpha review of John Rogers’ Ariel Investments portfolio may discuss portfolio positioning, but the headline alone does not establish a new purchase or sale of Rogers Corporation shares. Tracking John Rogers Ariel Investments Portfolio
• Neutral Sentiment: Several other entries concern unrelated people or companies, including soccer player Morgan Rogers, politician Mike Rogers, and Rogers Sugar (TSE: RSI). They do not affect Rogers Corporation (NYSE: ROG).

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.