California State Teachers Retirement System Sells 2,095 Shares of Rogers Corporation $ROG

Key Points

• California State Teachers Retirement System reduced its Rogers stake by 10.7%, selling 2,095 shares and retaining 17,505 shares valued at approximately $2.87 million. Institutional investors collectively own 96.02% of the company.
• Analyst sentiment is currently mixed, with one Buy and two Hold ratings, resulting in a consensus Hold rating and a $200 price target.
• Rogers shares traded near $131.73, while the company’s latest quarterly EPS of $0.92 missed estimates of $0.99; revenue of $216.8 million slightly exceeded expectations.

California State Teachers Retirement System decreased its holdings in shares of Rogers Corporation (NYSE:ROG - Free Report) by 10.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,505 shares of the electronics maker's stock after selling 2,095 shares during the period. California State Teachers Retirement System owned approximately 0.10% of Rogers worth $2,866,094 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. BlackRock Inc. bought a new stake in shares of Rogers in the 2nd quarter worth $556,493,000. Granahan Investment Management LLC acquired a new stake in shares of Rogers in the first quarter valued at about $3,528,000. Edgestream Partners L.P. grew its position in Rogers by 135.0% in the first quarter. Edgestream Partners L.P. now owns 74,898 shares of the electronics maker's stock worth $8,039,000 after acquiring an additional 43,029 shares during the period. Trillium Asset Management LLC acquired a new stake in shares of Rogers in the 2nd quarter valued at $4,788,000. Finally, Strs Ohio purchased a new stake in shares of Rogers during the first quarter worth approximately $880,000. 96.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the company. B. Riley Financial increased their target price on Rogers to $200.00 and gave the stock a "buy" rating in a report on Monday, June 15th. Weiss Ratings upgraded shares of Rogers from a "sell (d)" rating to a "hold (c)" rating in a report on Wednesday, August 12th. Zacks Research cut shares of Rogers from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 23rd. Finally, Wall Street Zen downgraded shares of Rogers from a "buy" rating to a "hold" rating in a report on Monday, August 31st. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $200.00.

Rogers Trading Down 0.2%

ROG stock traded down $0.27 during mid-day trading on Tuesday, reaching $131.73. The company's stock had a trading volume of 113,238 shares, compared to its average volume of 225,986. The stock has a market cap of $2.35 billion, a PE ratio of 75.29 and a beta of 0.50. The company's 50 day moving average is $131.09 and its two-hundred day moving average is $129.82. Rogers Corporation has a fifty-two week low of $75.14 and a fifty-two week high of $169.00.

Rogers (NYSE:ROG - Get Free Report) last issued 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). Rogers had a return on equity of 5.17% and a net margin of 3.75%.The company had revenue of $216.80 million for 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, analysts forecast that Rogers Corporation will post 3.83 earnings per share for the current fiscal year.

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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