Walleye Capital LLC purchased a new position in Rogers Corporation (NYSE:ROG - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 21,494 shares of the electronics maker's stock, valued at approximately $3,519,000. Walleye Capital LLC owned 0.12% of Rogers at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in ROG. The Manufacturers Life Insurance Company raised its position in shares of Rogers by 1.9% during the first quarter. The Manufacturers Life Insurance Company now owns 7,541 shares of the electronics maker's stock valued at $809,000 after buying an additional 143 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of Rogers by 19.7% in the first quarter. Parallel Advisors LLC now owns 875 shares of the electronics maker's stock worth $94,000 after buying an additional 144 shares in the last quarter. Squarepoint Ops LLC boosted its position in shares of Rogers by 0.6% during the third quarter. Squarepoint Ops LLC now owns 29,294 shares of the electronics maker's stock worth $2,357,000 after acquiring an additional 162 shares during the last quarter. Cerity Partners LLC boosted its position in shares of Rogers by 6.1% during the fourth quarter. Cerity Partners LLC now owns 2,870 shares of the electronics maker's stock worth $263,000 after acquiring an additional 166 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in Rogers by 1.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,395 shares of the electronics maker's stock valued at $1,594,000 after acquiring an additional 235 shares in the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.
Rogers Stock Performance
ROG stock opened at $143.40 on Friday. The firm has a fifty day moving average price of $141.75 and a 200 day moving average price of $125.95. Rogers Corporation has a fifty-two week low of $72.49 and a fifty-two week high of $169.00. The firm has a market cap of $2.56 billion, a PE ratio of 81.94 and a beta of 0.51.
Rogers (NYSE:ROG - Get Free Report) last announced its quarterly 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). The business had revenue of $216.80 million during the quarter, compared to the consensus estimate 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, equities analysts predict that Rogers Corporation will post 3.83 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on ROG. B. Riley Financial lifted their price target on shares of Rogers to $200.00 and gave the company a "buy" rating in a report on Monday, June 15th. Wall Street Zen downgraded shares of Rogers from a "buy" rating to a "hold" rating in a report on Saturday. Zacks Research lowered Rogers from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 23rd. Finally, Weiss Ratings raised Rogers from a "sell (d)" rating to a "hold (c)" rating in a report on Wednesday. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $200.00.
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About Rogers
(
Free Report)
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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