Cramer Rosenthal Mcglynn LLC Reduces Stock Position in Rogers Corporation $ROG

Key Points

• Cramer Rosenthal Mcglynn LLC reduced its stake in Rogers Corporation by 33.2%, selling 48,224 shares, bringing its total ownership down to 97,054 shares valued at approximately $6.55 million.
• Multiple institutional investors, such as Sequoia Financial Advisors LLC and GSA Capital Partners LLP, increased their holdings in Rogers Corporation during the first quarter, indicating continued interest in the stock despite the reduction by Cramer Rosenthal Mcglynn LLC.
• Analysts have a consensus rating of "Buy" for Rogers Corporation, with a target price increase from $80.00 to $85.00 as per B. Riley, reflecting positive sentiment around the company's future performance.

Cramer Rosenthal Mcglynn LLC reduced its position in Rogers Corporation (NYSE:ROG - Free Report) by 33.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,054 shares of the electronics maker's stock after selling 48,224 shares during the period. Cramer Rosenthal Mcglynn LLC owned approximately 0.52% of Rogers worth $6,554,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ROG. GAMMA Investing LLC lifted its position in Rogers by 243.5% during the 1st quarter. GAMMA Investing LLC now owns 371 shares of the electronics maker's stock worth $25,000 after acquiring an additional 263 shares in the last quarter. Versant Capital Management Inc lifted its position in Rogers by 698.9% during the 1st quarter. Versant Capital Management Inc now owns 703 shares of the electronics maker's stock worth $47,000 after acquiring an additional 615 shares in the last quarter. Signaturefd LLC lifted its position in Rogers by 6,118.8% during the 1st quarter. Signaturefd LLC now owns 995 shares of the electronics maker's stock worth $67,000 after acquiring an additional 979 shares in the last quarter. KBC Group NV lifted its position in Rogers by 67.3% during the 1st quarter. KBC Group NV now owns 1,119 shares of the electronics maker's stock worth $76,000 after acquiring an additional 450 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its position in Rogers by 3,893.9% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,957 shares of the electronics maker's stock worth $132,000 after acquiring an additional 1,908 shares in the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Rogers Price Performance

Rogers stock traded down $0.02 during midday trading on Friday, hitting $78.39. 249,277 shares of the company were exchanged, compared to its average volume of 231,530. The company's fifty day moving average price is $71.08 and its 200-day moving average price is $70.03. The company has a market cap of $1.42 billion, a PE ratio of -22.21 and a beta of 0.46. Rogers Corporation has a fifty-two week low of $51.43 and a fifty-two 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 the consensus estimate of $0.50 by ($0.16). The company had revenue of $202.80 million for the quarter, compared to analyst estimates 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. On average, analysts expect that Rogers Corporation will post 3.57 EPS for the current fiscal year.

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.