Pinnacle Associates Ltd. Decreases Stock Holdings in Rogers Corporation $ROG

Pinnacle Associates Ltd. reduced its position in shares of Rogers Corporation (NYSE:ROG) by 26.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 67,665 shares of the electronics maker’s stock after selling 23,770 shares during the period. Pinnacle Associates Ltd.’s holdings in Rogers were worth $4,634,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Y Intercept Hong Kong Ltd lifted its position in shares of Rogers by 213.1% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 9,398 shares of the electronics maker’s stock worth $644,000 after purchasing an additional 6,396 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in Rogers by 5.3% in the second quarter. Nisa Investment Advisors LLC now owns 8,229 shares of the electronics maker’s stock valued at $564,000 after acquiring an additional 411 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in Rogers by 14.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 4,654 shares of the electronics maker’s stock valued at $319,000 after acquiring an additional 573 shares during the last quarter. Leeward Investments LLC MA lifted its position in Rogers by 19.9% in the second quarter. Leeward Investments LLC MA now owns 123,448 shares of the electronics maker’s stock valued at $8,454,000 after acquiring an additional 20,526 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC lifted its position in Rogers by 80.8% in the second quarter. Linden Thomas Advisory Services LLC now owns 12,375 shares of the electronics maker’s stock valued at $847,000 after acquiring an additional 5,531 shares during the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Brian Keith Larabee sold 775 shares of the business’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $85.87, for a total transaction of $66,549.25. Following the transaction, the senior vice president directly owned 4,462 shares in the company, valued at $383,151.94. The trade was a 14.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.35% of the stock is currently owned by company insiders.

Rogers Stock Performance

Shares of NYSE:ROG opened at $87.36 on Friday. The company has a 50-day simple moving average of $82.18 and a 200-day simple moving average of $72.66. Rogers Corporation has a one year low of $51.43 and a one year high of $114.05. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of -24.06 and a beta of 0.46.

Rogers (NYSE:ROG) last announced its earnings results on Wednesday, October 29th. The electronics maker reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.20. Rogers had a negative net margin of 8.35% and a positive return on equity of 2.90%. The business had revenue of $216.00 million during the quarter, compared to analysts’ expectations of $207.53 million. Rogers has set its Q4 2025 guidance at 0.400-0.800 EPS. As a group, research analysts forecast that Rogers Corporation will post 3.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ROG has been the subject of a number of research reports. Wall Street Zen raised shares of Rogers from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings reissued a “sell (d)” rating on shares of Rogers in a research report on Wednesday, October 8th. B. Riley reissued a “buy” rating on shares of Rogers in a research report on Thursday. Finally, Zacks Research raised shares of Rogers from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.