Summit Global Investments Sells 4,308 Shares of Rogers Corporation $ROG

Summit Global Investments decreased its holdings in shares of Rogers Corporation (NYSE:ROG) by 28.0% in the 1st quarter, Holdings Channel reports. The firm owned 11,091 shares of the electronics maker’s stock after selling 4,308 shares during the period. Summit Global Investments’ holdings in Rogers were worth $1,190,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Parallel Advisors LLC increased its position in shares of Rogers by 19.7% in the first quarter. Parallel Advisors LLC now owns 875 shares of the electronics maker’s stock worth $94,000 after purchasing an additional 144 shares during the last quarter. Illinois Municipal Retirement Fund grew its stake in Rogers by 4.8% in the 1st quarter. Illinois Municipal Retirement Fund now owns 8,750 shares of the electronics maker’s stock worth $939,000 after buying an additional 397 shares in the last quarter. Hillsdale Investment Management Inc. grew its stake in Rogers by 3,777.8% in the 1st quarter. Hillsdale Investment Management Inc. now owns 3,490 shares of the electronics maker’s stock worth $375,000 after buying an additional 3,400 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Rogers by 2.0% in the 1st quarter. Principal Financial Group Inc. now owns 81,348 shares of the electronics maker’s stock worth $8,731,000 after buying an additional 1,579 shares during the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of Rogers by 2,361.8% in the 1st quarter. Fifth Third Bancorp now owns 4,259 shares of the electronics maker’s stock worth $457,000 after buying an additional 4,086 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ROG has been the subject of a number of research analyst reports. Zacks Research raised shares of Rogers from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 24th. Weiss Ratings raised Rogers from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 18th. Finally, B. Riley Financial raised their price target on Rogers to $200.00 and gave the company a “buy” rating in a research report on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Rogers has an average rating of “Moderate Buy” and an average price target of $200.00.

Key Headlines Impacting Rogers

Here are the key news stories impacting Rogers this week:

• Positive Sentiment: Rogers Corporation recently beat quarterly earnings estimates and raised its near-term outlook, which can support investor confidence in the stock.
• Neutral Sentiment: Recent headlines about “Morgan Rogers” are about a soccer transfer saga and do not appear to have any direct connection to Rogers Corporation or its business.
• Neutral Sentiment: There was no company-specific news in the provided articles indicating a new contract, product launch, regulatory issue, or analyst action for Rogers Corporation.

Rogers Price Performance

Shares of ROG opened at $137.68 on Wednesday. Rogers Corporation has a 1 year low of $61.17 and a 1 year high of $169.00. The stock has a 50 day simple moving average of $145.42 and a two-hundred day simple moving average of $121.81. The firm has a market cap of $2.46 billion, a P/E ratio of -45.74 and a beta of 0.48.

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

Insider Activity at Rogers

In related news, SVP Brian Keith Larabee sold 830 shares of the stock in a transaction on 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 owned 5,515 shares of the company’s stock, valued at approximately $749,543.65. This trade represents a 13.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.08% of the company’s stock.

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.