The Manufacturers Life Insurance Company Takes $1.36 Million Position in Rogers Corporation $ROG

Key Points

• The Manufacturers Life Insurance Company acquired 8,281 Rogers shares during the second quarter, valued at approximately $1.36 million. Institutional investors collectively own 96.02% of Rogers’ stock.
• Analyst sentiment is mixed but leans toward caution: Rogers has an average “Hold” rating and a $200 consensus price target, with one Buy rating and two Holds.
• Rogers reported quarterly EPS of $0.92, below the $0.99 consensus estimate, while revenue of $216.8 million exceeded expectations. Shares opened at $128.37, within a 52-week range of $75.14 to $169.00.

The Manufacturers Life Insurance Company acquired a new position in Rogers Corporation (NYSE:ROG - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 8,281 shares of the electronics maker's stock, valued at approximately $1,356,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Royal Bank of Canada increased its position in shares of Rogers by 15.7% during the first quarter. Royal Bank of Canada now owns 4,276 shares of the electronics maker's stock worth $288,000 after purchasing an additional 580 shares in the last quarter. AQR Capital Management LLC grew its stake in Rogers by 121.3% during the 1st quarter. AQR Capital Management LLC now owns 8,376 shares of the electronics maker's stock worth $566,000 after buying an additional 4,591 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Rogers by 5.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,221 shares of the electronics maker's stock valued at $758,000 after buying an additional 536 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Rogers by 4.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 51,135 shares of the electronics maker's stock valued at $3,453,000 after buying an additional 2,405 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in Rogers in the first quarter valued at about $4,345,000. Hedge funds and other institutional investors own 96.02% of the company's stock.

Wall Street Analyst Weigh In

ROG has been the subject of several recent analyst reports. Wall Street Zen downgraded Rogers from a "buy" rating to a "hold" rating in a report on Monday, August 31st. B. Riley Financial upped their price objective on shares of Rogers to $200.00 and gave the company a "buy" rating in a report on Monday, June 15th. Weiss Ratings raised shares of Rogers from a "sell (d)" rating to a "hold (c)" rating in a research report on Wednesday, August 12th. Finally, Zacks Research downgraded shares of Rogers from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 23rd. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Rogers presently has an average rating of "Hold" and a consensus price target of $200.00.

Rogers Stock Up 1.6%

Shares of NYSE:ROG opened at $128.37 on Friday. Rogers Corporation has a 52-week low of $75.14 and a 52-week high of $169.00. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 73.35 and a beta of 0.50. The business has a 50-day moving average price of $133.59 and a 200-day moving average price of $128.65.

Rogers (NYSE:ROG - Get Free Report) last issued its earnings results on Tuesday, July 28th. The electronics maker reported $0.92 EPS for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $215.00 million. Rogers has set its Q3 2026 guidance at 1.100-1.300 EPS. As a group, equities analysts anticipate that Rogers Corporation will post 3.83 EPS for the current fiscal year.

About Rogers

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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