Moody National Bank Trust Division Makes New Investment in Rogers Corporation $ROG

Moody National Bank Trust Division purchased a new position in shares of Rogers Corporation (NYSE:ROG) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 6,403 shares of the electronics maker’s stock, valued at approximately $515,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC increased its holdings in Rogers by 1.0% in the second quarter. Geode Capital Management LLC now owns 420,556 shares of the electronics maker’s stock valued at $28,803,000 after buying an additional 4,240 shares in the last quarter. Summit Global Investments purchased a new stake in shares of Rogers during the 2nd quarter worth approximately $812,000. Intech Investment Management LLC grew its holdings in shares of Rogers by 30.5% in the 1st quarter. Intech Investment Management LLC now owns 26,740 shares of the electronics maker’s stock worth $1,806,000 after acquiring an additional 6,252 shares during the period. Bank of Montreal Can purchased a new position in Rogers in the 2nd quarter valued at approximately $327,000. Finally, Caxton Associates LLP acquired a new position in Rogers during the first quarter worth $963,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Insider Buying and Selling

In other Rogers news, SVP Brian Keith Larabee sold 775 shares of Rogers stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $85.87, for a total value of $66,549.25. Following the completion of the sale, the senior vice president directly owned 4,462 shares of the company’s stock, valued at approximately $383,151.94. The trade was a 14.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.35% of the company’s stock.

Rogers Trading Up 0.6%

Rogers stock opened at $92.40 on Friday. The stock has a market cap of $1.66 billion, a PE ratio of -25.45 and a beta of 0.42. The stock has a 50-day moving average price of $84.91 and a 200 day moving average price of $77.65. Rogers Corporation has a 52 week low of $51.43 and a 52 week high of $110.00.

Rogers (NYSE:ROG) last released its quarterly earnings results on Wednesday, October 29th. The electronics maker reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.20. The company had revenue of $216.00 million for the quarter, compared to analysts’ expectations of $207.53 million. Rogers had a negative net margin of 8.35% and a positive return on equity of 2.92%. Rogers has set its Q4 2025 guidance at 0.400-0.800 EPS. On average, equities analysts predict that Rogers Corporation will post 3.57 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have commented on ROG. Zacks Research raised Rogers from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 28th. Weiss Ratings reissued a “sell (d)” rating on shares of Rogers in a research note on Wednesday, October 8th. B. Riley restated a “buy” rating on shares of Rogers in a report on Thursday, October 30th. Finally, Wall Street Zen raised shares of Rogers from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Rogers presently has an average rating of “Moderate Buy” and a consensus price target of $85.00.

Rogers Profile

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.