Westport Asset Management Inc. Invests $3.35 Million in Rogers Corporation $ROG

Westport Asset Management Inc. purchased a new position in shares of Rogers Corporation (NYSE:ROG) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 20,456 shares of the electronics maker’s stock, valued at approximately $3,349,000. Rogers accounts for approximately 1.4% of Westport Asset Management Inc.’s investment portfolio, making the stock its 25th largest holding.

A number of other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Rogers during the 2nd quarter worth approximately $556,493,000. Capital Research Global Investors raised its stake in shares of Rogers by 24.3% during the 4th quarter. Capital Research Global Investors now owns 1,519,040 shares of the electronics maker’s stock worth $139,098,000 after buying an additional 297,380 shares in the last quarter. Norges Bank acquired a new stake in shares of Rogers in the 4th quarter valued at approximately $119,157,000. State Street Corp lifted its holdings in shares of Rogers by 3.8% in the 4th 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. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Rogers by 38.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 596,713 shares of the electronics maker’s stock valued at $40,863,000 after buying an additional 165,174 shares during the period. Institutional investors and hedge funds own 96.02% of the company’s stock.

Wall Street Analyst Weigh In

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

Rogers Trading Down 5.0%

Rogers stock opened at $129.85 on Thursday. The stock has a market cap of $2.32 billion, a PE ratio of 74.20 and a beta of 0.51. Rogers Corporation has a 52 week low of $72.49 and a 52 week high of $169.00. The stock has a 50-day moving average price of $141.61 and a 200 day moving average price of $126.98.

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

Key Headlines Impacting Rogers

Here are the key news stories impacting Rogers this week:

• Neutral Sentiment: Political coverage involving former congressman Mike Rogers and Michigan polling is unrelated to Rogers Corporation. Telecom industry gave Mike Rogers nearly $100K Abdul El-Sayed edges out Mike Rogers in Michigan
• Neutral Sentiment: Mary Kay’s digital-transformation announcement mentions its CEO, Ryan Rogers, but does not involve Rogers Corporation. Mary Kay accelerates beauty innovation and digital transformation
• Neutral Sentiment: Smith+Nephew’s CFO transition concerns John Rogers and the medical-device company, not ROG. Smith+Nephew CFO John Rogers to exit
• Neutral Sentiment: News about shootings in Rogers, Arkansas, and sports coverage involving athletes named Rogers are unrelated to the company. Two people dead after shooting in Rogers Jake Rogers breaks MLB record

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.