Freestone Grove Partners LP Buys Shares of 6,107 Rogers Corporation $ROG

Freestone Grove Partners LP bought a new stake in Rogers Corporation (NYSE:ROG) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,107 shares of the electronics maker’s stock, valued at approximately $1,000,000.

A number of other hedge funds have also made changes to their positions in ROG. State of Wyoming acquired a new stake in shares of Rogers during the second quarter worth approximately $42,000. Kemnay Advisory Services Inc. acquired a new position in shares of Rogers in the fourth quarter worth $42,000. Parallel Advisors LLC boosted its position in Rogers by 19.7% during the first quarter. Parallel Advisors LLC now owns 875 shares of the electronics maker’s stock valued at $94,000 after purchasing an additional 144 shares during the last quarter. Global Retirement Partners LLC boosted its position in Rogers by 6,576.5% during the fourth quarter. Global Retirement Partners LLC now owns 1,135 shares of the electronics maker’s stock valued at $104,000 after purchasing an additional 1,118 shares during the last quarter. Finally, Virtus Advisers LLC purchased a new position in Rogers in the third quarter valued at about $127,000. 96.02% of the stock is owned by hedge funds and other institutional investors.

Rogers Trading Down 2.9%

Shares of NYSE:ROG opened at $125.57 on Friday. The stock has a market capitalization of $2.24 billion, a PE ratio of 71.75 and a beta of 0.51. Rogers Corporation has a 1 year low of $75.14 and a 1 year high of $169.00. The firm has a fifty day moving average price of $137.32 and a 200 day moving average price of $128.03.

Rogers (NYSE:ROG) last posted its earnings results on Tuesday, July 28th. The electronics maker reported $0.92 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.07). Rogers had a return on equity of 5.17% and a net margin of 3.75%.The business had revenue of $216.80 million for the quarter, compared to analyst estimates of $215.00 million. Rogers has set its Q3 2026 guidance at 1.100-1.300 EPS. On average, sell-side analysts forecast that Rogers Corporation will post 3.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

ROG has been the topic of several research reports. Zacks Research lowered Rogers from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Wall Street Zen upgraded Rogers from a “hold” rating to a “buy” rating in a report on Sunday, August 23rd. Weiss Ratings raised Rogers from a “sell (d)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. Finally, B. Riley Financial increased their price objective on Rogers to $200.00 and gave the stock a “buy” rating in a report on Monday, June 15th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $200.00.

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.