State of Alaska Department of Revenue Boosts Position in Rogers Corporation $ROG

State of Alaska Department of Revenue boosted its holdings in shares of Rogers Corporation (NYSE:ROG) by 6.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,030 shares of the electronics maker’s stock after buying an additional 620 shares during the quarter. State of Alaska Department of Revenue owned 0.05% of Rogers worth $685,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Neuberger Berman Group LLC lifted its position in Rogers by 5.5% during the first quarter. Neuberger Berman Group LLC now owns 1,025,716 shares of the electronics maker’s stock valued at $69,267,000 after purchasing an additional 53,093 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Rogers by 4.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 254,306 shares of the electronics maker’s stock valued at $17,173,000 after purchasing an additional 11,392 shares during the period. Northern Trust Corp lifted its position in Rogers by 1.2% during the first quarter. Northern Trust Corp now owns 213,242 shares of the electronics maker’s stock valued at $14,400,000 after purchasing an additional 2,610 shares during the period. Gamco Investors INC. ET AL lifted its position in Rogers by 63.7% during the first quarter. Gamco Investors INC. ET AL now owns 190,150 shares of the electronics maker’s stock valued at $12,841,000 after purchasing an additional 74,025 shares during the period. Finally, Clearline Capital LP acquired a new position in Rogers during the first quarter valued at $11,771,000. 96.02% of the stock is owned by hedge funds and other institutional investors.

Rogers Stock Performance

Shares of Rogers stock opened at $82.45 on Wednesday. The firm has a 50-day simple moving average of $77.67 and a two-hundred day simple moving average of $69.86. The company has a market cap of $1.49 billion, a P/E ratio of -23.36 and a beta of 0.46. Rogers Corporation has a fifty-two week low of $51.43 and a fifty-two week high of $114.05.

Rogers (NYSE:ROG) last issued its quarterly earnings data on Thursday, July 31st. The electronics maker reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.16). The firm had revenue of $202.80 million during the quarter, compared to analyst estimates of $198.75 million. Rogers had a positive return on equity of 3.04% and a negative net margin of 8.14%. Rogers has set its Q3 2025 guidance at 0.500-0.900 EPS. Equities research analysts forecast that Rogers Corporation will post 3.57 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ROG shares. Zacks Research upgraded shares of Rogers from a “strong sell” rating to a “hold” rating in a research report on Monday, September 29th. Weiss Ratings restated a “sell (d)” rating on shares of Rogers in a research report on Saturday, September 27th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $85.00.

About Rogers

Rogers Corporation engages in the design, development, manufacture, and sale of engineered materials and components worldwide. It operates through Advanced Electronics Solutions (AES), Elastomeric Material Solutions (EMS), and Other segments. The AES segment offers circuit materials, ceramic substrate materials, busbars, and cooling solutions for applications in electric and hybrid electric vehicles (EV/HEV), wireless infrastructure, automotive, renewable energy, aerospace and defense, mass transit, industrial, connected devices, and wired infrastructure.