SG Americas Securities LLC Has $9.92 Million Stock Holdings in Rogers Corporation $ROG

SG Americas Securities LLC raised its holdings in shares of Rogers Corporation (NYSE:ROG) by 26.3% in the 1st quarter, HoldingsChannel.com reports. The fund owned 92,453 shares of the electronics maker’s stock after purchasing an additional 19,277 shares during the quarter. SG Americas Securities LLC’s holdings in Rogers were worth $9,923,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Capital Research Global Investors boosted its position in shares of 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 last quarter. Norges Bank acquired a new position in Rogers in the fourth quarter valued at about $119,157,000. State Street Corp lifted its stake in Rogers by 3.8% in the fourth quarter. State Street Corp now owns 732,659 shares of the electronics maker’s stock valued at $67,090,000 after buying an additional 27,036 shares during the period. Ameriprise Financial Inc. boosted its holdings in Rogers by 38.3% during the second quarter. Ameriprise Financial Inc. now owns 596,713 shares of the electronics maker’s stock worth $40,863,000 after buying an additional 165,174 shares during the last quarter. Finally, Clearline Capital LP grew its position in shares of Rogers by 36.6% during the 4th quarter. Clearline Capital LP now owns 472,841 shares of the electronics maker’s stock worth $43,298,000 after buying an additional 126,636 shares during the period. Institutional investors and hedge funds own 96.02% of the company’s stock.

Key Headlines Impacting Rogers

Here are the key news stories impacting Rogers this week:

• Positive Sentiment: Zacks Research upgraded Rogers Corporation (ROG) from hold to strong-buy, a clear bullish signal that may be supporting the stock. Zacks.com
• Positive Sentiment: Rogers was also added to Zacks’ Strong Buy momentum and new strong-buy lists, reinforcing positive near-term trading sentiment. Best Momentum Stocks to Buy for June 25th
• Neutral Sentiment: A CNBC report said Rogers’ sports empire is now the seventh most valuable in the world, which is more of a brand/visibility headline than a direct catalyst for Rogers Corporation. Financial Post article

Rogers Trading Down 4.1%

NYSE:ROG opened at $160.25 on Friday. Rogers Corporation has a 1 year low of $61.17 and a 1 year high of $169.00. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of -53.24 and a beta of 0.52. The stock has a 50-day moving average price of $141.85 and a two-hundred day moving average price of $115.76.

Rogers (NYSE:ROG) last released its quarterly earnings results on Tuesday, April 28th. The electronics maker reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.07. The company had revenue of $200.50 million for the quarter, compared to analyst estimates 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. Sell-side analysts forecast that Rogers Corporation will post 3.71 earnings per share for the current year.

Insider Transactions at Rogers

In related news, SVP Brian Keith Larabee sold 830 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $135.91, for a total transaction of $112,805.30. Following the completion of the sale, the senior vice president directly owned 5,515 shares of the company’s stock, valued at approximately $749,543.65. This represents a 13.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.08% of the company’s stock.

Analysts Set New Price Targets

ROG has been the subject of a number of recent analyst reports. Zacks Research raised Rogers from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Weiss Ratings raised shares of Rogers from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 18th. Finally, B. Riley Financial boosted their price objective on shares of Rogers to $200.00 and gave the company a “buy” rating in a report on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $200.00.

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.