Rogers (NYSE:ROG) Stock Jumps 8.7% – Still a Buy?

Rogers Corporation (NYSE:ROG) shares rose 8.7% during mid-day trading on Wednesday. The company traded as high as $148.74 and last traded at $150.15. 65,828 shares changed hands during trading, a decline of 71% from the average daily volume of 227,665 shares. The stock had previously closed at $138.17.

Wall Street Analyst Weigh In

ROG has been the subject of a number of research reports. Weiss Ratings upgraded shares of Rogers from a “sell (d)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Wall Street Zen lowered Rogers from a “buy” rating to a “hold” rating in a report on Monday, August 31st. B. Riley Financial boosted their price target on Rogers to $200.00 and gave the company a “buy” rating in a report on Monday, June 15th. Finally, Zacks Research lowered shares of Rogers from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. 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, the stock presently has an average rating of “Hold” and a consensus price target of $200.00.

Rogers Stock Performance

The company has a 50 day simple moving average of $130.81 and a 200 day simple moving average of $131.87. The company has a market capitalization of $2.85 billion, a PE ratio of 91.87 and a beta of 0.50.

Rogers (NYSE:ROG) last announced its quarterly earnings data on Tuesday, July 28th. The electronics maker reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.07). The company had revenue of $216.80 million for the quarter, compared to analysts’ expectations of $215.00 million. Rogers had a return on equity of 5.17% and a net margin of 3.75%.Rogers has set its Q3 2026 guidance at 1.100-1.300 EPS. As a group, equities research analysts anticipate that Rogers Corporation will post 3.83 EPS for the current year.

Institutional Investors Weigh In On Rogers

Several large investors have recently added to or reduced their stakes in ROG. SkyView Investment Advisors LLC acquired a new stake in Rogers during the 2nd quarter worth approximately $205,000. Engineers Gate Manager LP raised its stake in shares of Rogers by 214.0% in the second quarter. Engineers Gate Manager LP now owns 9,742 shares of the electronics maker’s stock valued at $1,595,000 after acquiring an additional 6,639 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in Rogers in the second quarter valued at $52,000. Nykredit A S purchased a new position in Rogers in the second quarter valued at $149,000. Finally, Corient Private Wealth LP acquired a new position in Rogers during the 2nd quarter worth $438,000. 96.02% of the stock is owned by hedge funds and other institutional investors.

Rogers Company Profile

Rogers Corporation is a global materials technology company that develops and manufactures high-performance materials and components for demanding applications. The company’s products are designed to provide thermal management, electrical insulation, signal integrity, vibration control, cushioning and protection in challenging operating environments.

Its product portfolio includes specialty laminates for high-frequency and high-speed circuitry, ceramic and other substrates used in power electronics, silicone and urethane foams, elastomeric materials, and other engineered solutions.