Public Sector Pension Investment Board Purchases 11,593 Shares of Rogers Corporation $ROG

Key Points

• The Public Sector Pension Investment Board increased its stake in Rogers Corporation by 27.4%, acquiring an additional 11,593 shares to own a total of 53,862 shares worth approximately $3.6 million.
• Multiple institutional investors have also raised their positions in Rogers, with GAMMA Investing LLC recording a notable 243.5% increase in shares during the first quarter.
• B. Riley has upgraded the stock's target price from $80.00 to $85.00, indicating a positive outlook with a "buy" rating for Rogers Corporation.

Public Sector Pension Investment Board boosted its stake in shares of Rogers Corporation (NYSE:ROG - Free Report) by 27.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,862 shares of the electronics maker's stock after acquiring an additional 11,593 shares during the quarter. Public Sector Pension Investment Board owned 0.29% of Rogers worth $3,637,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Sequoia Financial Advisors LLC boosted its holdings in Rogers by 22.9% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,777 shares of the electronics maker's stock valued at $255,000 after acquiring an additional 704 shares during the period. Illinois Municipal Retirement Fund boosted its holdings in Rogers by 4.6% during the 1st quarter. Illinois Municipal Retirement Fund now owns 9,165 shares of the electronics maker's stock valued at $619,000 after acquiring an additional 407 shares during the period. Principal Financial Group Inc. boosted its holdings in Rogers by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 84,683 shares of the electronics maker's stock valued at $5,719,000 after acquiring an additional 2,228 shares during the period. GSA Capital Partners LLP boosted its holdings in Rogers by 227.3% during the 1st quarter. GSA Capital Partners LLP now owns 24,607 shares of the electronics maker's stock valued at $1,662,000 after acquiring an additional 17,089 shares during the period. Finally, KBC Group NV boosted its holdings in Rogers by 67.3% during the 1st quarter. KBC Group NV now owns 1,119 shares of the electronics maker's stock valued at $76,000 after acquiring an additional 450 shares during the period. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, B. Riley increased their target price on Rogers from $80.00 to $85.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Rogers presently has an average rating of "Buy" and an average target price of $85.00.

Rogers Price Performance

ROG traded up $4.7920 during midday trading on Friday, reaching $79.5620. 291,307 shares of the company's stock traded hands, compared to its average volume of 232,113. The firm has a fifty day moving average of $70.00 and a two-hundred day moving average of $70.38. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of -22.54 and a beta of 0.46. Rogers Corporation has a 52 week low of $51.43 and a 52 week high of $114.05.

Rogers (NYSE:ROG - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The electronics maker reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.16). The business had revenue of $202.80 million for the quarter, compared to the consensus estimate of $198.75 million. Rogers had a negative net margin of 8.14% and a positive return on equity of 3.04%. Rogers has set its Q3 2025 guidance at 0.500-0.900 EPS. Sell-side analysts forecast that Rogers Corporation will post 3.57 EPS for the current year.

About Rogers

Rogers Corporation engages in the design, development, manufacture, and sale of engineered materials and components worldwide. It operates through Advanced Electronics Solutions (AES), Elastomeric Material Solutions (EMS), and Other segments. The AES segment offers circuit materials, ceramic substrate materials, busbars, and cooling solutions for applications in electric and hybrid electric vehicles (EV/HEV), wireless infrastructure, automotive, renewable energy, aerospace and defense, mass transit, industrial, connected devices, and wired infrastructure.