Rogers (NYSE:ROG) Reaches New 1-Year High – Should You Buy?

Rogers Corporation (NYSE:ROG) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $169.00 and last traded at $165.1750, with a volume of 105797 shares traded. The stock had previously closed at $162.68.

Analyst Ratings Changes

Several research analysts have commented on the stock. B. Riley Financial boosted their price objective on shares of Rogers to $200.00 and gave the company a “buy” rating in a research report on Monday, June 15th. Weiss Ratings raised Rogers from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 18th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $200.00.

Rogers Trading Down 4.6%

The company has a market cap of $2.84 billion, a P/E ratio of -52.79 and a beta of 0.52. The firm has a 50-day moving average of $139.15 and a 200 day moving average of $114.36.

Rogers (NYSE:ROG) last announced its quarterly earnings data on Tuesday, April 28th. The electronics maker reported $0.75 EPS for the quarter, topping the consensus estimate of $0.68 by $0.07. The company had revenue of $200.50 million during the quarter, compared to the consensus estimate 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. On average, equities analysts predict that Rogers Corporation will post 3.71 EPS for the current year.

Insiders Place Their Bets

In other Rogers news, SVP Brian Keith Larabee sold 830 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was 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 in the company, valued at approximately $749,543.65. This represents a 13.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.08% of the company’s stock.

Institutional Investors Weigh In On Rogers

Several hedge funds and other institutional investors have recently modified their holdings of the company. Capital Research Global Investors grew its position in Rogers by 24.3% in 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 period. Norges Bank acquired a new position in Rogers during the fourth quarter worth $119,157,000. State Street Corp lifted its stake 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 valued at $67,090,000 after buying an additional 27,036 shares in the last quarter. Ameriprise Financial Inc. lifted 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 lifted 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. Institutional investors own 96.02% of the company’s stock.

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.