Public Sector Pension Investment Board Raises Stock Holdings in 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 holdings in shares of Rogers Corporation (NYSE:ROG - Free Report) by 27.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 SEC filing.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in Rogers by 243.5% during the 1st quarter. GAMMA Investing LLC now owns 371 shares of the electronics maker's stock valued at $25,000 after acquiring an additional 263 shares during the period. Versant Capital Management Inc boosted its holdings in Rogers by 698.9% during the 1st quarter. Versant Capital Management Inc now owns 703 shares of the electronics maker's stock valued at $47,000 after acquiring an additional 615 shares during the period. Sterling Capital Management LLC boosted its holdings in Rogers by 810.8% during the 4th quarter. Sterling Capital Management LLC now owns 592 shares of the electronics maker's stock valued at $60,000 after acquiring an additional 527 shares during the period. Signaturefd LLC boosted its holdings in Rogers by 6,118.8% during the 1st quarter. Signaturefd LLC now owns 995 shares of the electronics maker's stock valued at $67,000 after acquiring an additional 979 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. Hedge funds and other institutional investors own 96.02% of the company's stock.

Rogers Price Performance

Shares of ROG stock traded up $4.7920 during mid-day trading on Friday, hitting $79.5620. The stock had a trading volume of 291,307 shares, compared to its average volume of 350,351. Rogers Corporation has a 12-month low of $51.43 and a 12-month high of $114.05. The firm has a market capitalization of $1.44 billion, a P/E ratio of -22.54 and a beta of 0.46. The firm's 50-day moving average is $70.23 and its two-hundred day moving average is $70.03.

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

Wall Street Analysts Forecast Growth

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

Rogers Profile

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.