CenterBook Partners LP Reduces Holdings in Rogers Corporation $ROG

CenterBook Partners LP reduced its holdings in shares of Rogers Corporation (NYSE:ROG) by 55.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,991 shares of the electronics maker’s stock after selling 26,367 shares during the period. CenterBook Partners LP owned about 0.12% of Rogers worth $1,922,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ROG. Global Retirement Partners LLC grew its position in shares of Rogers by 6,576.5% during the 4th quarter. Global Retirement Partners LLC now owns 1,135 shares of the electronics maker’s stock valued at $104,000 after acquiring an additional 1,118 shares during the period. Virtus Advisers LLC purchased a new position in Rogers during the third quarter valued at $127,000. Quadrant Capital Group LLC bought a new stake in Rogers during the third quarter valued at about $130,000. PNC Financial Services Group Inc. grew its holdings in Rogers by 119.7% during the third quarter. PNC Financial Services Group Inc. now owns 1,905 shares of the electronics maker’s stock valued at $153,000 after purchasing an additional 1,038 shares during the period. Finally, NJ State Employees Deferred Compensation Plan purchased a new stake in Rogers in the third quarter worth about $201,000. 96.02% of the stock is currently owned by institutional investors.

Rogers Stock Up 0.0%

Rogers stock opened at $140.99 on Wednesday. Rogers Corporation has a 52-week low of $61.17 and a 52-week high of $155.66. The firm’s fifty day moving average is $129.78 and its 200 day moving average is $109.18. The company has a market cap of $2.52 billion, a price-to-earnings ratio of -46.84 and a beta of 0.52.

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

Analysts Set New Price Targets

ROG has been the subject of several analyst reports. B. Riley Financial reissued a “buy” rating on shares of Rogers in a report on Thursday, April 23rd. Weiss Ratings upgraded shares of Rogers from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 18th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $133.00.

Insider Transactions at Rogers

In other news, SVP Brian Keith Larabee sold 830 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $135.91, for a total value 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 $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 available at this link. 1.08% of the stock is currently owned by company insiders.

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.