Legal & General Group Plc Buys New Stake in Rogers Corporation $ROG

Legal & General Group Plc purchased a new stake in Rogers Corporation (NYSE:ROG) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 38,494 shares of the electronics maker’s stock, valued at approximately $6,303,000. Legal & General Group Plc owned about 0.22% of Rogers as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its holdings in shares of Rogers by 1.9% in the 1st quarter. The Manufacturers Life Insurance Company now owns 7,541 shares of the electronics maker’s stock valued at $809,000 after buying an additional 143 shares during the period. Parallel Advisors LLC lifted its holdings in Rogers by 19.7% in the first quarter. Parallel Advisors LLC now owns 875 shares of the electronics maker’s stock valued at $94,000 after acquiring an additional 144 shares during the period. Squarepoint Ops LLC grew its stake in shares of Rogers by 0.6% during the 3rd quarter. Squarepoint Ops LLC now owns 29,294 shares of the electronics maker’s stock worth $2,357,000 after purchasing an additional 162 shares during the period. Cerity Partners LLC grew its stake in shares of Rogers by 6.1% during the 4th quarter. Cerity Partners LLC now owns 2,870 shares of the electronics maker’s stock worth $263,000 after purchasing an additional 166 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Rogers by 1.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,395 shares of the electronics maker’s stock valued at $1,594,000 after purchasing an additional 235 shares in the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Rogers Stock Up 1.2%

ROG opened at $124.51 on Thursday. The firm’s fifty day simple moving average is $135.04 and its two-hundred day simple moving average is $128.52. Rogers Corporation has a 52-week low of $75.14 and a 52-week high of $169.00. The company has a market cap of $2.22 billion, a price-to-earnings ratio of 71.15 and a beta of 0.50.

Rogers (NYSE:ROG) last released 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 return on equity of 5.17% and a net margin of 3.75%.The company had revenue of $216.80 million for the quarter, compared to analysts’ expectations of $215.00 million. Rogers has set its Q3 2026 guidance at 1.100-1.300 EPS. On average, research analysts forecast that Rogers Corporation will post 3.83 EPS for the current year.

Analyst Ratings Changes

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