Rogers (NYSE:ROG) Stock Rating Lowered by Wall Street Zen

Rogers (NYSE:ROG) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Several other research analysts have also recently commented on the company. Zacks Research cut Rogers from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 23rd. B. Riley Financial raised their price objective on Rogers to $200.00 and gave the company a “buy” rating in a research note on Monday, June 15th. Finally, Weiss Ratings upgraded Rogers from a “sell (d)” rating to a “hold (c)” rating in a report on Wednesday. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $200.00.

Rogers Trading Up 0.3%

ROG opened at $143.40 on Friday. Rogers has a twelve month low of $72.49 and a twelve month high of $169.00. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 81.94 and a beta of 0.52. The company has a fifty day simple moving average of $141.75 and a 200 day simple moving average of $126.14.

Rogers (NYSE:ROG) last issued its quarterly earnings data on Tuesday, July 28th. The electronics maker reported $0.92 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.07). The firm had revenue of $216.80 million during the quarter, compared to analyst estimates 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. On average, analysts forecast that Rogers will post 3.83 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Rogers

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new position in Rogers in the second quarter worth about $556,493,000. Norges Bank acquired a new position in Rogers in the fourth quarter valued at approximately $119,157,000. Capital Research Global Investors grew its holdings in shares of Rogers by 24.3% during the fourth quarter. Capital Research Global Investors now owns 1,519,040 shares of the electronics maker’s stock valued at $139,098,000 after purchasing an additional 297,380 shares during the last quarter. Atreides Management LP bought a new position in shares of Rogers during the second quarter valued at approximately $12,888,000. Finally, Ameriprise Financial Inc. grew its holdings in shares of Rogers by 38.3% during the second quarter. Ameriprise Financial Inc. now owns 596,713 shares of the electronics maker’s stock valued at $40,863,000 after purchasing an additional 165,174 shares during the last quarter. 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.