Legal & General Group Plc Acquires Shares of 38,494 Rogers Corporation $ROG

Legal & General Group Plc bought a new position in Rogers Corporation (NYSE:ROG) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 38,494 shares of the electronics maker’s stock, valued at approximately $6,303,000.

A number of other large investors have also made changes to their positions in ROG. State of Wyoming purchased a new position in Rogers during the second quarter worth approximately $42,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Rogers in the 4th quarter worth $42,000. Parallel Advisors LLC increased its stake in shares of Rogers by 19.7% in the 1st quarter. Parallel Advisors LLC now owns 875 shares of the electronics maker’s stock worth $94,000 after acquiring an additional 144 shares during the last quarter. Global Retirement Partners LLC raised its holdings in shares of Rogers by 6,576.5% during the 4th quarter. Global Retirement Partners LLC now owns 1,135 shares of the electronics maker’s stock worth $104,000 after acquiring an additional 1,118 shares during the period. Finally, Virtus Advisers LLC purchased a new position in shares of Rogers during the 3rd quarter worth $127,000. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Rogers Stock Up 1.2%

Shares of Rogers stock opened at $124.51 on Thursday. The firm has a market cap of $2.22 billion, a PE ratio of 71.15 and a beta of 0.50. Rogers Corporation has a 52 week low of $75.14 and a 52 week high of $169.00. The business’s fifty day simple moving average is $135.04 and its 200-day simple moving average is $128.52.

Rogers (NYSE:ROG) last issued its quarterly earnings data on Tuesday, July 28th. The electronics maker reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.07). The business had revenue of $216.80 million for the quarter, compared to analyst estimates of $215.00 million. Rogers had a return on equity of 5.17% and a net margin of 3.75%.Rogers has set its Q3 2026 guidance at 1.100-1.300 EPS. As a group, equities analysts expect that Rogers Corporation will post 3.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Zacks Research lowered shares of Rogers from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. Weiss Ratings upgraded shares of Rogers from a “sell (d)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. Wall Street Zen cut shares of Rogers from a “buy” rating to a “hold” rating in a research note on Monday. Finally, B. Riley Financial raised their price target on shares of Rogers to $200.00 and gave the stock a “buy” rating in a report on Monday, June 15th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $200.00.

Rogers Company Profile

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.