Man Group plc Acquires Shares of 47,148 Rogers Corporation $ROG

Key Points

• Man Group acquired 47,148 Rogers shares worth approximately $7.72 million, giving it a 0.26% stake; institutional investors collectively own 96.02% of the company.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and a $200 target price. Ratings changes included upgrades from Wall Street Zen and Weiss Ratings, while Zacks Research downgraded the stock.
• Rogers shares opened at $125.57 after falling 2.9%. The company’s latest quarterly EPS of $0.92 missed estimates of $0.99, though revenue of $216.8 million exceeded the $215 million consensus.

Man Group plc acquired a new stake in Rogers Corporation (NYSE:ROG - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 47,148 shares of the electronics maker's stock, valued at approximately $7,720,000. Man Group plc owned about 0.26% of Rogers as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. State of Wyoming acquired a new position in shares of Rogers during the 2nd quarter worth approximately $42,000. Kemnay Advisory Services Inc. acquired a new stake in Rogers during the 4th quarter valued at $42,000. Parallel Advisors LLC lifted its holdings 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 last quarter. Global Retirement Partners LLC lifted its holdings 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 last quarter. Finally, Virtus Advisers LLC bought a new position in Rogers during the third quarter worth $127,000. 96.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wall Street Zen upgraded shares of Rogers from a "hold" rating to a "buy" rating in a report on Sunday, August 23rd. Zacks Research cut shares of Rogers from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 23rd. B. Riley Financial lifted their target price on shares of Rogers to $200.00 and gave the stock a "buy" rating in a report on Monday, June 15th. Finally, Weiss Ratings upgraded shares of Rogers from a "sell (d)" rating to a "hold (c)" rating in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, Rogers currently has a consensus rating of "Hold" and a consensus target price of $200.00.

Rogers Trading Down 2.9%

Shares of NYSE ROG opened at $125.57 on Friday. The firm has a market cap of $2.24 billion, a P/E ratio of 71.75 and a beta of 0.51. The business's 50 day moving average is $137.32 and its 200-day moving average is $128.03. 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 released its quarterly earnings results on Tuesday, July 28th. The electronics maker reported $0.92 earnings per share (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 firm had revenue of $216.80 million during the quarter, compared to the consensus estimate of $215.00 million. Rogers has set its Q3 2026 guidance at 1.100-1.300 EPS. Analysts forecast that Rogers Corporation will post 3.83 EPS for the current year.

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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