Rogers (NYSE:ROG) Reaches New 52-Week High – Time to Buy?

Shares of Rogers Corporation (NYSE:ROG) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $155.75 and last traded at $156.7310, with a volume of 551 shares changing hands. The stock had previously closed at $151.06.

Analysts Set New Price Targets

ROG has been the subject of a number of research analyst reports. B. Riley Financial reiterated a “buy” rating on shares of Rogers in a report on Monday. Weiss Ratings upgraded Rogers from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Rogers has a consensus rating of “Hold” and an average target price of $133.00.

Rogers Price Performance

The stock’s 50-day simple moving average is $132.10 and its 200 day simple moving average is $110.59. The stock has a market capitalization of $2.84 billion, a P/E ratio of -52.83 and a beta of 0.52.

Rogers (NYSE:ROG) last issued its quarterly earnings data on Tuesday, April 28th. The electronics maker reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.07. The company 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, analysts expect that Rogers Corporation will post 3.71 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Rogers news, SVP Brian Keith Larabee sold 830 shares of the stock in a transaction dated 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 directly owned 5,515 shares of the company’s stock, valued at $749,543.65. This represents a 13.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.08% of the company’s stock.

Hedge Funds Weigh In On Rogers

Institutional investors and hedge funds have recently made changes to their positions in the company. Front Street Capital Management Inc. increased its stake in shares of Rogers by 25.0% during the first quarter. Front Street Capital Management Inc. now owns 3,238 shares of the electronics maker’s stock worth $348,000 after purchasing an additional 648 shares during the period. Edgestream Partners L.P. boosted its stake in Rogers by 135.0% in the 1st quarter. Edgestream Partners L.P. now owns 74,898 shares of the electronics maker’s stock valued at $8,039,000 after purchasing an additional 43,029 shares during the period. Atreides Management LP boosted its stake in Rogers by 8.2% in the 1st quarter. Atreides Management LP now owns 186,085 shares of the electronics maker’s stock valued at $19,973,000 after purchasing an additional 14,165 shares during the period. Amundi grew its holdings in Rogers by 29.9% in the 1st quarter. Amundi now owns 10,510 shares of the electronics maker’s stock valued at $1,128,000 after buying an additional 2,419 shares in the last quarter. Finally, California State Teachers Retirement System grew its holdings in Rogers by 26.1% in the 1st quarter. California State Teachers Retirement System now owns 19,600 shares of the electronics maker’s stock valued at $2,104,000 after buying an additional 4,060 shares in the last quarter. Institutional investors and hedge funds 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.