Rogers (NYSE:ROG) Shares Gap Down Following Insider Selling

Rogers Corporation (NYSE:ROG) gapped down before the market opened on Monday after an insider sold shares in the company. The stock had previously closed at $111.11, but opened at $106.01. Rogers shares last traded at $103.9650, with a volume of 3,771 shares trading hands.

Specifically, SVP Michael Reed Webb sold 1,197 shares of the company’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $106.25, for a total value of $127,181.25. Following the completion of the transaction, the senior vice president directly owned 9,747 shares in the company, valued at approximately $1,035,618.75. This represents a 10.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Rogers in a research note on Thursday, January 22nd. B. Riley Financial increased their price target on shares of Rogers from $127.00 to $133.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Wall Street Zen upgraded shares of Rogers from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Finally, Zacks Research lowered Rogers from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $109.00.

Rogers Price Performance

The stock has a market capitalization of $1.93 billion, a P/E ratio of -32.40 and a beta of 0.40. The company’s 50 day simple moving average is $99.02 and its two-hundred day simple moving average is $88.11.

Rogers (NYSE:ROG) last posted its earnings results on Tuesday, February 17th. The electronics maker reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.29. The company had revenue of $201.50 million during the quarter, compared to analysts’ expectations of $196.50 million. Rogers had a negative net margin of 7.62% and a positive return on equity of 3.56%. Rogers has set its Q1 2026 guidance at 0.450-0.850 EPS. On average, research analysts anticipate that Rogers Corporation will post 3.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Rogers

A number of institutional investors and hedge funds have recently bought and sold shares of ROG. Capital Research Global Investors increased its stake in shares of Rogers by 24.3% in 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 buying an additional 297,380 shares in the last quarter. Norges Bank bought a new stake in Rogers during the 2nd quarter worth about $89,111,000. State Street Corp grew its holdings in Rogers by 3.8% during the 4th quarter. State Street Corp now owns 732,659 shares of the electronics maker’s stock worth $67,090,000 after acquiring an additional 27,036 shares during the last quarter. Ameriprise Financial Inc. increased its position in Rogers by 38.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 596,713 shares of the electronics maker’s stock valued at $40,863,000 after acquiring an additional 165,174 shares in the last quarter. Finally, Clearline Capital LP raised its stake in shares of Rogers by 36.6% in the fourth quarter. Clearline Capital LP now owns 472,841 shares of the electronics maker’s stock worth $43,298,000 after acquiring an additional 126,636 shares during the last quarter. Institutional investors and hedge funds 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.