CenterBook Partners LP Sells 26,367 Shares of Rogers Corporation $ROG

CenterBook Partners LP cut its position in shares of Rogers Corporation (NYSE:ROG) by 55.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 20,991 shares of the electronics maker’s stock after selling 26,367 shares during the quarter. CenterBook Partners LP’s holdings in Rogers were worth $1,922,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Capital Research Global Investors raised its position in Rogers by 24.3% in the 4th quarter. Capital Research Global Investors now owns 1,519,040 shares of the electronics maker’s stock worth $139,098,000 after purchasing an additional 297,380 shares during the period. Norges Bank purchased a new stake in shares of Rogers in the fourth quarter worth approximately $119,157,000. Ameriprise Financial Inc. lifted its stake in shares of Rogers by 38.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 596,713 shares of the electronics maker’s stock worth $40,863,000 after acquiring an additional 165,174 shares during the last quarter. Clearline Capital LP boosted its holdings in Rogers by 15.7% during the 3rd quarter. Clearline Capital LP now owns 346,205 shares of the electronics maker’s stock valued at $27,856,000 after acquiring an additional 46,910 shares during the period. Finally, Gamco Investors INC. ET AL grew its position in Rogers by 0.9% in the 3rd quarter. Gamco Investors INC. ET AL now owns 205,950 shares of the electronics maker’s stock valued at $16,571,000 after acquiring an additional 1,927 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. B. Riley Financial reiterated a “buy” rating on shares of Rogers in a research report on Thursday, April 23rd. Weiss Ratings raised shares of Rogers from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 18th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $133.00.

Rogers Stock Up 0.0%

ROG opened at $140.99 on Wednesday. The stock’s fifty day moving average is $129.78 and its two-hundred day moving average is $109.18. The company has a market capitalization of $2.52 billion, a P/E ratio of -46.84 and a beta of 0.52. Rogers Corporation has a 52 week low of $61.17 and a 52 week high of $155.66.

Rogers (NYSE:ROG) last issued its earnings results on Tuesday, April 28th. The electronics maker reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.07. The business had revenue of $200.50 million during the quarter, compared to analysts’ expectations of $200.50 million. Rogers had a positive return on equity of 4.31% and a negative net margin of 6.81%.Rogers has set its Q2 2026 guidance at 0.900-1.100 EPS. Equities analysts anticipate that Rogers Corporation will post 3.71 earnings per share for the current year.

Insider Transactions at Rogers

In other Rogers news, SVP Brian Keith Larabee sold 830 shares of the stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $135.91, for a total transaction of $112,805.30. Following the transaction, the senior vice president directly owned 5,515 shares in the company, valued at $749,543.65. This represents a 13.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.08% of the stock is currently owned by insiders.

Rogers 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.