Freestone Grove Partners LP acquired a new position in shares of Rogers Corporation (NYSE:ROG – Free Report) in the 2nd quarter, HoldingsChannel reports. The fund acquired 6,107 shares of the electronics maker’s stock, valued at approximately $1,000,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of ROG. BlackRock Inc. bought a new position in Rogers in the 2nd quarter worth $556,493,000. Capital Research Global Investors lifted its position in Rogers by 24.3% during the 4th quarter. Capital Research Global Investors now owns 1,519,040 shares of the electronics maker’s stock worth $139,098,000 after acquiring an additional 297,380 shares during the last quarter. Norges Bank bought a new stake in Rogers during the fourth quarter valued at about $119,157,000. State Street Corp boosted its holdings in Rogers by 3.8% during the fourth 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. Finally, Ameriprise Financial Inc. grew its position in shares of 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. 96.02% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the company. Weiss Ratings upgraded Rogers from a “sell (d)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. Zacks Research downgraded Rogers from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 23rd. Wall Street Zen raised Rogers from a “hold” rating to a “buy” rating in a report on Sunday, August 23rd. Finally, B. Riley Financial lifted their price target on Rogers to $200.00 and gave the stock a “buy” rating in a research report on Monday, June 15th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $200.00.
Rogers Stock Performance
NYSE:ROG opened at $125.57 on Friday. The firm’s 50-day moving average is $137.32 and its 200-day moving average is $128.03. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 71.75 and a beta of 0.51. Rogers Corporation has a 52-week low of $75.14 and a 52-week high of $169.00.
Rogers (NYSE:ROG – Get Free Report) last released its earnings results on Tuesday, July 28th. The electronics maker reported $0.92 earnings per share 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 company 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. Equities analysts predict that Rogers Corporation will post 3.83 EPS for the current year.
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.
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