JPMorgan Chase & Co. Acquires 52,670 Shares of Rogers Corporation $ROG

Key Points

• JPMorgan Chase increased its stake in Rogers by 132.0% in the third quarter, acquiring 52,670 shares to own 92,559 shares (about 0.51% of the company) valued at roughly $7.45 million.
• Rogers beat Q4 expectations with $0.89 EPS versus $0.60 estimated and $201.5M in revenue versus $196.5M, and set Q1 guidance of $0.45–$0.85, but the company still reported a negative net margin; analysts have a consensus Hold rating with an average price target of $133.
• SVP Michael Reed Webb sold 1,197 shares at an average price of $106.25 (a 10.94% reduction in his position); insiders own about 0.85% of the stock while institutional investors hold roughly 96.02%.

JPMorgan Chase & Co. raised its holdings in Rogers Corporation (NYSE:ROG - Free Report) by 132.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 92,559 shares of the electronics maker's stock after acquiring an additional 52,670 shares during the quarter. JPMorgan Chase & Co. owned about 0.51% of Rogers worth $7,447,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ROG. Polar Asset Management Partners Inc. bought a new position in shares of Rogers during the 3rd quarter valued at $3,695,000. Coldstream Capital Management Inc. bought a new stake in Rogers in the third quarter worth $228,000. Virtus Advisers LLC acquired a new position in Rogers during the third quarter worth $127,000. Paloma Partners Management Co acquired a new position in Rogers during the third quarter worth $2,012,000. Finally, Holocene Advisors LP bought a new position in Rogers during the third quarter valued at about $245,000. 96.02% of the stock is owned by institutional investors.

Insider Buying and Selling at Rogers

In related news, SVP Michael Reed Webb sold 1,197 shares of the stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $106.25, for a total transaction of $127,181.25. Following the completion of the sale, the senior vice president owned 9,747 shares in the company, valued at $1,035,618.75. This represents a 10.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.85% of the company's stock.

Analyst Upgrades and Downgrades

ROG has been the subject of a number of analyst reports. Zacks Research cut Rogers from a "strong-buy" rating to a "hold" rating in a research report on Monday, December 29th. Weiss Ratings reissued a "sell (d)" rating on shares of Rogers in a research note on Thursday, January 22nd. Finally, B. Riley Financial boosted their target price on Rogers from $127.00 to $133.00 and gave the stock a "buy" rating in a report on Wednesday, February 18th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $133.00.

Rogers Trading Down 3.2%

NYSE:ROG opened at $105.87 on Tuesday. The firm has a market capitalization of $1.89 billion, a PE ratio of -31.70 and a beta of 0.36. Rogers Corporation has a 1 year low of $51.43 and a 1 year high of $112.81. The firm's fifty day simple moving average is $104.26 and its 200 day simple moving average is $92.83.

Rogers (NYSE:ROG - Get Free Report) last released its earnings results on Tuesday, February 17th. The electronics maker reported $0.89 earnings per share for the quarter, topping analysts' consensus estimates of $0.60 by $0.29. The firm had revenue of $201.50 million during the quarter, compared to analyst estimates of $196.50 million. Rogers had a negative net margin of 7.62% and a positive return on equity of 3.56%. Rogers has set its Q1 2026 guidance at 0.450-0.850 EPS. As a group, analysts anticipate that Rogers Corporation will post 3.57 EPS for the current fiscal year.

About Rogers

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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