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

Rogers Corporation (NYSE:ROG)’s share price hit a new 52-week high during 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.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. 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 research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $133.00.

Rogers Price Performance

The business’s 50-day moving average is $132.10 and its two-hundred day moving average is $110.59. The firm has a market cap 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 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 firm had revenue of $200.50 million for the quarter, compared to analysts’ expectations 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. Equities research analysts predict that Rogers Corporation will post 3.71 EPS for the current year.

Insider Buying and Selling

In related 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 transaction of $112,805.30. Following the completion of the transaction, the senior vice president directly owned 5,515 shares of the company’s stock, valued at approximately $749,543.65. This represents a 13.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.08% of the company’s stock.

Institutional Investors Weigh In On Rogers

Institutional investors and hedge funds have recently made changes to their positions in the stock. Kemnay Advisory Services Inc. bought a new position in shares of Rogers in the fourth quarter valued at $42,000. Parallel Advisors LLC increased its holdings in Rogers by 19.7% during the first quarter. Parallel Advisors LLC now owns 875 shares of the electronics maker’s stock worth $94,000 after buying an additional 144 shares during the last quarter. Global Retirement Partners LLC raised its position in Rogers by 6,576.5% during the fourth quarter. Global Retirement Partners LLC now owns 1,135 shares of the electronics maker’s stock worth $104,000 after acquiring an additional 1,118 shares in the last quarter. Virtus Advisers LLC bought a new stake in Rogers during the third quarter worth $127,000. Finally, Quadrant Capital Group LLC acquired a new stake in Rogers in the third quarter valued at $130,000. 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.