Bank of America Corp DE Acquires New Shares in Rogers Corporation $ROG

Key Points

• Bank of America acquired 139,614 Rogers shares in the second quarter, worth approximately $22.9 million and representing about 0.78% of the company. Institutional investors and hedge funds collectively own 96.02% of Rogers.
• Rogers reported quarterly EPS of $0.92, missing the $0.99 consensus estimate, while revenue of $216.8 million exceeded expectations. The company issued third-quarter 2026 EPS guidance of $1.10–$1.30.
• Analyst sentiment is mixed but centered on a “Hold” consensus; one analyst rates the stock Buy and two rate it Hold, with an average price target of $200 versus a recent share price of $139.73.

Bank of America Corp DE acquired a new position in shares of Rogers Corporation (NYSE:ROG - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 139,614 shares of the electronics maker's stock, valued at approximately $22,859,000. Bank of America Corp DE owned about 0.78% of Rogers at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. State of Wyoming acquired a new position in shares of Rogers during the second quarter valued at $42,000. Parallel Advisors LLC boosted its stake in Rogers by 19.7% during the 1st quarter. Parallel Advisors LLC now owns 875 shares of the electronics maker's stock valued at $94,000 after purchasing an additional 144 shares during the period. Global Retirement Partners LLC boosted its stake in Rogers by 6,576.5% during the 4th quarter. Global Retirement Partners LLC now owns 1,135 shares of the electronics maker's stock valued at $104,000 after purchasing an additional 1,118 shares during the period. Pictet Asset Management Holding SA bought a new position in Rogers in the 1st quarter worth about $217,000. Finally, Odyssean LLC bought a new position in Rogers in the 2nd quarter worth about $242,000. 96.02% of the stock is owned by institutional investors and hedge funds.

Rogers Trading Up 1.3%

ROG stock opened at $139.73 on Thursday. Rogers Corporation has a 52 week low of $75.14 and a 52 week high of $169.00. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 79.84 and a beta of 0.50. The firm's 50-day moving average is $130.51 and its two-hundred day moving average is $130.96.

Rogers (NYSE:ROG - Get Free Report) last announced its earnings results on Tuesday, July 28th. The electronics maker reported $0.92 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.07). The firm had revenue of $216.80 million for 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 research analysts predict that Rogers Corporation will post 3.83 earnings per share for the current year.

Analyst Ratings Changes

ROG has been the topic of several analyst reports. B. Riley Financial raised their price target on shares of Rogers to $200.00 and gave the company a "buy" rating in a research note on Monday, June 15th. Weiss Ratings raised Rogers from a "sell (d)" rating to a "hold (c)" rating in a report on Wednesday, August 12th. Wall Street Zen downgraded Rogers from a "buy" rating to a "hold" rating in a research note on Monday, August 31st. Finally, Zacks Research lowered Rogers from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 23rd. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Rogers presently has a consensus rating of "Hold" and an average price target of $200.00.

Rogers Company Profile

Rogers Corporation is a global materials technology company that develops and manufactures high-performance materials and components for demanding applications. The company's products are designed to provide thermal management, electrical insulation, signal integrity, vibration control, cushioning and protection in challenging operating environments.

Its product portfolio includes specialty laminates for high-frequency and high-speed circuitry, ceramic and other substrates used in power electronics, silicone and urethane foams, elastomeric materials, and other engineered solutions.

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