Capital Research Global Investors Buys 297,380 Shares of Rogers Corporation $ROG

Capital Research Global Investors lifted its stake in Rogers Corporation (NYSE:ROG) by 24.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,519,040 shares of the electronics maker’s stock after buying an additional 297,380 shares during the period. Capital Research Global Investors owned approximately 8.44% of Rogers worth $139,098,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Vise Technologies Inc. bought a new stake in shares of Rogers in the fourth quarter valued at approximately $204,000. Goldman Sachs Group Inc. boosted its stake in shares of Rogers by 12.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 168,148 shares of the electronics maker’s stock valued at $15,397,000 after buying an additional 18,716 shares during the period. Norges Bank bought a new stake in Rogers during the fourth quarter worth $119,157,000. Intech Investment Management LLC lifted its stake in Rogers by 552.5% during the fourth quarter. Intech Investment Management LLC now owns 54,063 shares of the electronics maker’s stock worth $4,951,000 after purchasing an additional 45,778 shares during the last quarter. Finally, King Luther Capital Management Corp lifted its stake in Rogers by 45.2% during the fourth quarter. King Luther Capital Management Corp now owns 95,778 shares of the electronics maker’s stock worth $8,770,000 after purchasing an additional 29,798 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Rogers Stock Performance

Shares of NYSE:ROG opened at $141.02 on Tuesday. The company has a fifty day moving average of $129.15 and a 200-day moving average of $108.73. The company has a market capitalization of $2.52 billion, a PE ratio of -46.85 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 announced its quarterly earnings results on Tuesday, April 28th. The electronics maker reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.07. The company had revenue of $200.50 million during 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 forecast that Rogers Corporation will post 3.71 EPS for the current fiscal year.

Insider Activity

In other news, SVP Brian Keith Larabee sold 830 shares of the company’s 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 completion of the transaction, the senior vice president directly owned 5,515 shares in the company, valued at approximately $749,543.65. This represents a 13.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.08% of the company’s stock.

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.