Rogers (NYSE:ROG) Sets New 12-Month High – Here’s What Happened

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

Analysts Set New Price Targets

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

Rogers Stock Up 1.4%

The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of -54.79 and a beta of 0.52. The firm has a 50 day moving average price of $137.32 and a two-hundred day moving average price of $113.30.

Rogers (NYSE:ROG) last released its quarterly earnings results 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 business had revenue of $200.50 million for the quarter, compared to analysts’ expectations of $200.50 million. Rogers had a positive return on equity of 4.31% and a negative net margin of 6.81%.Rogers has set its Q2 2026 guidance at 0.900-1.100 EPS. Analysts predict that Rogers Corporation will post 3.71 earnings per share for the current year.

Insider Activity

In other Rogers news, SVP Brian Keith Larabee sold 830 shares of the company’s 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 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.08% of the stock is currently owned by insiders.

Institutional Trading of Rogers

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Front Street Capital Management Inc. raised its holdings in Rogers by 25.0% in the first quarter. Front Street Capital Management Inc. now owns 3,238 shares of the electronics maker’s stock valued at $348,000 after acquiring an additional 648 shares in the last quarter. Edgestream Partners L.P. grew its holdings in Rogers by 135.0% during the 1st quarter. Edgestream Partners L.P. now owns 74,898 shares of the electronics maker’s stock worth $8,039,000 after acquiring an additional 43,029 shares in the last quarter. Atreides Management LP grew its holdings in Rogers by 8.2% during the 1st quarter. Atreides Management LP now owns 186,085 shares of the electronics maker’s stock worth $19,973,000 after acquiring an additional 14,165 shares in the last quarter. Amundi increased its position in shares of Rogers by 29.9% in the 1st quarter. Amundi now owns 10,510 shares of the electronics maker’s stock worth $1,128,000 after purchasing an additional 2,419 shares during the last quarter. Finally, California State Teachers Retirement System raised its stake in shares of 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 purchasing an additional 4,060 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.

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.