Rogers (NYSE:ROG) Price Target Raised to $225.00

Rogers (NYSE:ROG) had its target price upped by B. Riley Financial from $200.00 to $225.00 in a research note released on Thursday morning, MarketBeat Ratings reports. B. Riley Financial currently has a buy rating on the electronics maker’s stock.

ROG has been the subject of a number of other research reports. Weiss Ratings upgraded shares of Rogers from a “sell (d)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. Zacks Research lowered shares of Rogers from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 23rd. Finally, Wall Street Zen cut shares of Rogers from a “buy” rating to a “hold” rating in a report on Monday, August 31st. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $225.00.

Rogers Stock Up 2.6%

Shares of Rogers stock opened at $159.90 on Thursday. Rogers has a 12-month low of $75.14 and a 12-month high of $169.00. The stock has a market cap of $2.86 billion, a P/E ratio of 91.37 and a beta of 0.43. The business’s 50 day moving average is $132.19 and its 200-day moving average is $132.80.

Rogers (NYSE:ROG) last released 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). The company had revenue of $216.80 million during the quarter, compared to analyst estimates of $215.00 million. Rogers had a net margin of 3.75% and a return on equity of 5.17%. Rogers has set its Q3 2026 guidance at 1.100-1.300 EPS. On average, sell-side analysts expect that Rogers will post 3.83 EPS for the current year.

Institutional Trading of Rogers

A number of institutional investors have recently modified their holdings of ROG. BlackRock Inc. bought a new position in shares of Rogers in the second quarter worth $556,493,000. Capital Research Global Investors lifted its position in 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 purchasing an additional 297,380 shares during the period. Norges Bank acquired a new stake in Rogers during the fourth quarter worth about $119,157,000. Clearline Capital LP grew its stake in Rogers by 36.6% during the fourth quarter. Clearline Capital LP now owns 472,841 shares of the electronics maker’s stock worth $43,298,000 after buying an additional 126,636 shares in the last quarter. Finally, Atreides Management LP bought a new position in Rogers in the 2nd quarter valued at about $30,996,000. 96.02% of the stock is currently owned by institutional investors.

Rogers News Roundup

Here are the key news stories impacting Rogers this week:

• Positive Sentiment: Freedom Broker upgraded Rogers Corporation to “strong buy,” reinforcing bullish sentiment toward the electronics-materials manufacturer.
• Positive Sentiment: Rogers Corporation’s analyst and investor day materials have drawn investor attention and may have contributed to the recent strength in the stock. Rogers Corporation Analyst Investor Day Slideshow
• Neutral Sentiment: The stock’s recent rally occurred on above-average volume, but Zacks noted that current earnings-estimate revisions do not provide a strong fundamental signal for continued gains. Rogers Corp. Moves Higher
• Negative Sentiment: Zacks’ caution about earnings-estimate trends is a risk for Rogers Corporation, particularly given its elevated valuation and the company’s most recent quarterly earnings miss.

About Rogers

Rogers Corporation (NYSE:ROG) is a global manufacturer of engineered materials and components used in demanding applications across electronics, transportation, aerospace and defense, healthcare, and industrial markets. The company develops materials designed to provide electrical insulation, thermal management, vibration control, sealing, and protection in high-performance systems.

Its products include high-frequency circuit laminates and printed circuit board materials, thermal interface materials, power electronics substrates, elastomeric components, high-performance foams, and specialty composite materials.