Rogers (NYSE:ROG) Stock Rating Lowered by Zacks Research

Rogers (NYSE:ROG) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Several other equities research analysts have also commented on the company. B. Riley reiterated a “buy” rating on shares of Rogers in a research note on Thursday, October 30th. Wall Street Zen upgraded Rogers from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Rogers in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $85.00.

Rogers Stock Performance

Rogers stock opened at $93.51 on Monday. The stock has a market capitalization of $1.68 billion, a P/E ratio of -25.76 and a beta of 0.42. The company’s fifty day moving average price is $86.39 and its 200 day moving average price is $79.22. Rogers has a 1 year low of $51.43 and a 1 year high of $106.12.

Rogers (NYSE:ROG) last posted its quarterly earnings data on Wednesday, October 29th. The electronics maker reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.20. The business had revenue of $216.00 million for the quarter, compared to the consensus estimate of $207.53 million. Rogers had a negative net margin of 8.35% and a positive return on equity of 2.92%. Rogers has set its Q4 2025 guidance at 0.400-0.800 EPS. Sell-side analysts predict that Rogers will post 3.57 EPS for the current year.

Insiders Place Their Bets

In related news, SVP Brian Keith Larabee sold 775 shares of the stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $85.87, for a total value of $66,549.25. Following the completion of the transaction, the senior vice president directly owned 4,462 shares in the company, valued at approximately $383,151.94. This represents a 14.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.85% of the company’s stock.

Hedge Funds Weigh In On Rogers

Hedge funds have recently modified their holdings of the business. MassMutual Private Wealth & Trust FSB increased its position in shares of Rogers by 81.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 444 shares of the electronics maker’s stock worth $30,000 after purchasing an additional 199 shares during the last quarter. Parallel Advisors LLC increased its position in shares of Rogers by 106.9% during the second quarter. Parallel Advisors LLC now owns 745 shares of the electronics maker’s stock valued at $51,000 after acquiring an additional 385 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Rogers by 171.2% during the second quarter. GAMMA Investing LLC now owns 1,006 shares of the electronics maker’s stock valued at $69,000 after acquiring an additional 635 shares during the last quarter. Virtus Advisers LLC purchased a new stake in shares of Rogers in the 3rd quarter valued at approximately $127,000. Finally, Quadrant Capital Group LLC acquired a new position in shares of Rogers in the 3rd quarter worth approximately $130,000. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

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.