Rogers (NYSE:ROG) Shares Gap Up - Here's What Happened

Key Points

• Rogers shares opened sharply higher, rising from a prior close of $129.68 to $135.00 before trading at $134.27.
• Analyst sentiment is mixed but leans toward “Hold”: two analysts maintain hold ratings, while B. Riley issued a $200 price target and buy rating. The consensus target is $200.
• Rogers missed quarterly EPS estimates, reporting $0.92 versus the expected $0.99, although revenue of $216.8 million exceeded forecasts. Institutional investors own approximately 96% of the company.

Shares of Rogers Corporation (NYSE:ROG - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $129.68, but opened at $135.00. Rogers shares last traded at $134.27, with a volume of 8,539 shares trading hands.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Wall Street Zen cut shares of Rogers from a "buy" rating to a "hold" rating in a research note on Monday, August 31st. Weiss Ratings upgraded shares of Rogers from a "sell (d)" rating to a "hold (c)" rating in a research report on Wednesday, August 12th. B. Riley Financial raised their target price on shares of Rogers to $200.00 and gave the stock a "buy" rating in a report on Monday, June 15th. Finally, Zacks Research downgraded shares of Rogers from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Rogers currently has a consensus rating of "Hold" and an average target price of $200.00.

Rogers Price Performance

The company has a market cap of $2.43 billion, a P/E ratio of 77.68 and a beta of 0.50. The stock has a 50-day moving average of $131.42 and a 200 day moving average of $129.45.

Rogers (NYSE:ROG - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The electronics maker reported $0.92 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.07). The firm had revenue of $216.80 million for the quarter, compared to the consensus estimate of $215.00 million. Rogers had a return on equity of 5.17% and a net margin of 3.75%.Rogers has set its Q3 2026 guidance at 1.100-1.300 EPS. Sell-side analysts predict that Rogers Corporation will post 3.83 EPS for the current year.

Institutional Trading of Rogers

Several large investors have recently made changes to their positions in the company. Royal Bank of Canada lifted its stake in Rogers by 15.7% during the first quarter. Royal Bank of Canada now owns 4,276 shares of the electronics maker's stock worth $288,000 after purchasing an additional 580 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Rogers by 121.3% during the 1st quarter. AQR Capital Management LLC now owns 8,376 shares of the electronics maker's stock worth $566,000 after buying an additional 4,591 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Rogers by 5.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,221 shares of the electronics maker's stock worth $758,000 after buying an additional 536 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Rogers by 4.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 51,135 shares of the electronics maker's stock worth $3,453,000 after buying an additional 2,405 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in Rogers in the first quarter valued at about $4,345,000. Institutional investors and hedge funds 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.

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