King Luther Capital Management Corp boosted its stake in shares of Rogers Corporation (NYSE:ROG – Free Report) by 45.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 95,778 shares of the electronics maker’s stock after acquiring an additional 29,798 shares during the quarter. King Luther Capital Management Corp’s holdings in Rogers were worth $8,770,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the stock. Capital Research Global Investors bought a new stake in Rogers during the third quarter worth approximately $98,295,000. Ameriprise Financial Inc. increased its stake in Rogers by 38.3% during the second quarter. Ameriprise Financial Inc. now owns 596,713 shares of the electronics maker’s stock worth $40,863,000 after acquiring an additional 165,174 shares during the last quarter. Clearline Capital LP increased its stake in Rogers by 15.7% during the third quarter. Clearline Capital LP now owns 346,205 shares of the electronics maker’s stock worth $27,856,000 after acquiring an additional 46,910 shares during the last quarter. Gamco Investors INC. ET AL increased its stake in Rogers by 0.9% during the third quarter. Gamco Investors INC. ET AL now owns 205,950 shares of the electronics maker’s stock worth $16,571,000 after acquiring an additional 1,927 shares during the last quarter. Finally, Atreides Management LP bought a new stake in Rogers during the second quarter worth approximately $12,888,000. 96.02% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on the company. Weiss Ratings raised Rogers from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 18th. B. Riley Financial reissued a “buy” rating on shares of Rogers in a research note on Thursday, April 23rd. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Rogers presently has a consensus rating of “Hold” and a consensus target price of $133.00.
Insider Buying and Selling
In other news, SVP Michael Reed Webb sold 954 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $111.31, for a total transaction of $106,189.74. Following the transaction, the senior vice president owned 7,769 shares of the company’s stock, valued at approximately $864,767.39. This represents a 10.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Brian Keith Larabee sold 830 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $135.91, for a total value of $112,805.30. Following the transaction, the senior vice president directly owned 5,515 shares in the company, valued at approximately $749,543.65. This represents a 13.08% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.08% of the company’s stock.
Rogers Stock Performance
ROG opened at $145.72 on Thursday. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of -48.41 and a beta of 0.51. The stock’s 50 day moving average price is $122.47 and its 200-day moving average price is $105.13. Rogers Corporation has a one year low of $61.17 and a one year high of $146.09.
Rogers (NYSE:ROG – Get Free Report) last released its earnings results on Tuesday, April 28th. The electronics maker reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.07. The firm had revenue of $200.50 million for the quarter, compared to analysts’ expectations of $200.50 million. Rogers had a positive return on equity of 4.31% and a negative net margin of 6.81%.Rogers has set its Q2 2026 guidance at 0.900-1.100 EPS. As a group, analysts predict that Rogers Corporation will post 3.71 earnings per share for the current fiscal year.
Rogers 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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