Rogers (NYSE:ROG) Shares Up 8.7% - Here's Why

Key Points

• Rogers shares jumped 8.7% to about $150.15 in Wednesday trading, although volume was 71% below the average session level.
• Analyst sentiment remains cautious: Rogers has a consensus “Hold” rating and a $200 price target, despite B. Riley raising its target to $200 and maintaining a “Buy” rating.
• The company recently reported quarterly EPS of $0.92, missing estimates of $0.99, while revenue of $216.8 million exceeded expectations. Rogers guided for third-quarter EPS of $1.10–$1.30.

Shares of Rogers Corporation (NYSE:ROG - Get Free Report) traded up 8.7% during trading on Wednesday. The stock traded as high as $148.74 and last traded at $150.15. Approximately 65,828 shares changed hands during trading, a decline of 71% from the average session volume of 227,665 shares. The stock had previously closed at $138.17.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Weiss Ratings raised shares of Rogers from a "sell (d)" rating to a "hold (c)" rating in a report on Wednesday, August 12th. B. Riley Financial upped their price objective on Rogers to $200.00 and gave the company a "buy" rating in a research report on Monday, June 15th. Zacks Research cut Rogers from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 23rd. Finally, Wall Street Zen downgraded Rogers from a "buy" rating to a "hold" rating in a research report on Monday, August 31st. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Rogers presently has a consensus rating of "Hold" and a consensus price target of $200.00.

Rogers Stock Performance

The company has a market cap of $2.85 billion, a P/E ratio of 91.87 and a beta of 0.50. The business's fifty day moving average is $130.81 and its two-hundred day moving average is $131.87.

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

Hedge Funds Weigh In On Rogers

A number of large investors have recently made changes to their positions in ROG. State of Wyoming purchased a new stake in Rogers in the second quarter valued at about $42,000. Integrated Wealth Concepts LLC purchased a new stake in Rogers during the 2nd quarter worth approximately $52,000. Public Employees Retirement System of Ohio acquired a new position in Rogers during the 2nd quarter valued at approximately $67,000. Parallel Advisors LLC raised its holdings in shares of Rogers by 19.7% in 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. Finally, Global Retirement Partners LLC increased its position in shares of Rogers by 6,576.5% in the 4th quarter. Global Retirement Partners LLC now owns 1,135 shares of the electronics maker's stock valued at $104,000 after acquiring an additional 1,118 shares during the period. 96.02% of the stock is owned by institutional investors and hedge funds.

About Rogers

Rogers Corporation is a global materials technology company that develops and manufactures high-performance materials and components for demanding applications. The company's products are designed to provide thermal management, electrical insulation, signal integrity, vibration control, cushioning and protection in challenging operating environments.

Its product portfolio includes specialty laminates for high-frequency and high-speed circuitry, ceramic and other substrates used in power electronics, silicone and urethane foams, elastomeric materials, and other engineered solutions.

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