BlackRock Inc. Takes Position in Rogers Corporation $ROG

BlackRock Inc. bought a new position in shares of Rogers Corporation (NYSE:ROG - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,398,846 shares of the electronics maker's stock, valued at approximately $556,493,000. BlackRock Inc. owned 19.02% of Rogers at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ROG. Royal Bank of Canada lifted its holdings in shares of Rogers by 15.7% during the 1st quarter. Royal Bank of Canada now owns 4,276 shares of the electronics maker's stock worth $288,000 after acquiring an additional 580 shares during the period. AQR Capital Management LLC boosted its position in shares of Rogers by 121.3% in the first quarter. AQR Capital Management LLC now owns 8,376 shares of the electronics maker's stock worth $566,000 after acquiring an additional 4,591 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Rogers by 5.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,221 shares of the electronics maker's stock worth $758,000 after acquiring an additional 536 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Rogers by 4.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 51,135 shares of the electronics maker's stock valued at $3,453,000 after purchasing an additional 2,405 shares during the period. Finally, Jane Street Group LLC purchased a new stake in Rogers in the first quarter valued at approximately $4,345,000. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Rogers

Here are the key news stories impacting Rogers this week:

• Positive Sentiment: Rogers Corp. formed a bullish “hammer” chart pattern after its recent decline, which may indicate that selling pressure is easing. The article also cited improving earnings-estimate revisions as a potential catalyst for a near-term rebound. Rogers Corp. Forms Hammer Chart Pattern
• Positive Sentiment: Wall Street Zen reportedly upgraded Rogers (ROG) to “Buy,” which could provide some support for investor sentiment, although the article does not indicate a fundamental change in the company’s outlook. Rogers Raised to Buy
• Neutral Sentiment: A Seeking Alpha review of John Rogers’ Ariel Investments portfolio may discuss portfolio positioning, but the headline alone does not establish a new purchase or sale of Rogers Corporation shares. Tracking John Rogers Ariel Investments Portfolio
• Neutral Sentiment: Several other entries concern unrelated people or companies, including soccer player Morgan Rogers, politician Mike Rogers, and Rogers Sugar TSE: RSI. They do not affect Rogers Corporation NYSE: ROG.

Rogers Stock Performance

ROG opened at $123.12 on Tuesday. The firm has a 50 day moving average price of $140.08 and a 200 day moving average price of $127.55. The company has a market cap of $2.20 billion, a PE ratio of 70.35 and a beta of 0.52. Rogers Corporation has a 1 year low of $75.14 and a 1 year high of $169.00.

Rogers (NYSE:ROG - Get Free Report) last posted its quarterly 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). Rogers had a net margin of 3.75% and a return on equity of 5.17%. The business had revenue of $216.80 million during the quarter, compared to analysts' expectations of $215.00 million. Rogers has set its Q3 2026 guidance at 1.100-1.300 EPS. On average, sell-side analysts predict that Rogers Corporation will post 3.83 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on ROG. Wall Street Zen raised shares of Rogers from a "hold" rating to a "buy" rating in a research note on Sunday. B. Riley Financial boosted their price objective on shares of Rogers to $200.00 and gave the company a "buy" rating in a research note on Monday, June 15th. Weiss Ratings upgraded Rogers from a "sell (d)" rating to a "hold (c)" rating in a report on Wednesday, August 12th. Finally, Zacks Research lowered Rogers from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $200.00.

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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