Rogers (NYSE:ROG) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Rogers Corporation (NYSE:ROG)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $120.95 and traded as high as $137.39. Rogers shares last traded at $133.77, with a volume of 200,020 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have recently commented on ROG. Zacks Research raised Rogers from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 24th. B. Riley Financial boosted 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 raised shares of Rogers from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $200.00.

Rogers Price Performance

The company has a market capitalization of $2.39 billion, a PE ratio of -44.44 and a beta of 0.48. The business has a 50-day moving average of $145.75 and a 200 day moving average of $120.95.

Rogers (NYSE:ROG) last posted its earnings results on Tuesday, April 28th. The electronics maker reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.07. Rogers had a negative net margin of 6.81% and a positive return on equity of 4.31%. The firm had revenue of $200.50 million during the quarter, compared to analyst estimates of $200.50 million. Rogers has set its Q2 2026 guidance at 0.900-1.100 EPS. As a group, research analysts anticipate that Rogers Corporation will post 3.71 EPS for the current year.

Insider Activity

In related news, SVP Brian Keith Larabee sold 830 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $135.91, for a total value of $112,805.30. Following the completion of the sale, the senior vice president directly owned 5,515 shares in the company, valued at $749,543.65. This trade represents a 13.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.08% of the stock is owned by insiders.

Hedge Funds Weigh In On Rogers

Hedge funds have recently bought and sold shares of the business. Capital Research Global Investors grew its holdings 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 worth $139,098,000 after purchasing an additional 297,380 shares during the last quarter. Norges Bank purchased a new position in Rogers during the fourth quarter valued at approximately $119,157,000. State Street Corp increased its holdings in shares of Rogers by 3.8% in the 4th quarter. State Street Corp now owns 732,659 shares of the electronics maker’s stock valued at $67,090,000 after acquiring an additional 27,036 shares during the period. Ameriprise Financial Inc. grew its stake in Rogers by 38.3% in 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. Finally, Clearline Capital LP grew its position in shares of Rogers by 36.6% in the 4th quarter. Clearline Capital LP now owns 472,841 shares of the electronics maker’s stock worth $43,298,000 after buying an additional 126,636 shares during the last quarter. Institutional investors 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.