Rogers Corporation $ROG Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. has reduced its stake in Rogers Corporation by 0.2%, now owning 12.67% of the company, which is valued at approximately $158.6 million.
• Rogers' stock price has decreased by 3.7%, with a current market cap of $1.34 billion and a reported earnings per share (EPS) of $0.34, which is below analysts' expectations.
• Analysts have set a new price target for Rogers at $85.00, maintaining a consensus "Buy" rating for the stock.

Vanguard Group Inc. reduced its position in Rogers Corporation (NYSE:ROG - Free Report) by 0.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 2,347,929 shares of the electronics maker's stock after selling 5,429 shares during the period. Vanguard Group Inc. owned 12.67% of Rogers worth $158,556,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of ROG. US Bancorp DE grew its position in Rogers by 683.6% during the first quarter. US Bancorp DE now owns 2,343 shares of the electronics maker's stock valued at $158,000 after acquiring an additional 2,044 shares during the last quarter. XTX Topco Ltd boosted its stake in shares of Rogers by 10.2% during the first quarter. XTX Topco Ltd now owns 10,827 shares of the electronics maker's stock valued at $731,000 after purchasing an additional 1,001 shares during the period. GSA Capital Partners LLP lifted its stake in Rogers by 227.3% in the first quarter. GSA Capital Partners LLP now owns 24,607 shares of the electronics maker's stock worth $1,662,000 after acquiring an additional 17,089 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in Rogers in the first quarter worth $203,000. Finally, Signaturefd LLC lifted its stake in Rogers by 6,118.8% in the first quarter. Signaturefd LLC now owns 995 shares of the electronics maker's stock worth $67,000 after acquiring an additional 979 shares during the period. 96.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Rogers Trading Down 0.5%

Shares of ROG stock traded down $0.4350 during trading hours on Monday, reaching $79.1050. 105,874 shares of the company's stock were exchanged, compared to its average volume of 231,360. The stock's fifty day moving average price is $70.23 and its two-hundred day moving average price is $70.03. The stock has a market cap of $1.43 billion, a PE ratio of -22.41 and a beta of 0.46. Rogers Corporation has a 1 year low of $51.43 and a 1 year high of $114.05.

Rogers (NYSE:ROG - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $202.80 million during the quarter, compared to analyst estimates 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. On average, equities analysts expect that Rogers Corporation will post 3.57 EPS for the current fiscal year.

Rogers Company 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.