Quantbot Technologies LP Invests $950,000 in Rogers Corporation $ROG

Quantbot Technologies LP acquired a new stake in shares of Rogers Corporation (NYSE:ROG) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 5,800 shares of the electronics maker’s stock, valued at approximately $950,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State of Wyoming purchased a new position in Rogers during the second quarter valued at $42,000. Kemnay Advisory Services Inc. purchased a new stake in Rogers in the fourth quarter worth about $42,000. Parallel Advisors LLC raised its stake in shares of Rogers by 19.7% in the first quarter. Parallel Advisors LLC now owns 875 shares of the electronics maker’s stock worth $94,000 after buying an additional 144 shares during the period. Global Retirement Partners LLC raised its stake in shares of Rogers by 6,576.5% in the fourth quarter. Global Retirement Partners LLC now owns 1,135 shares of the electronics maker’s stock worth $104,000 after buying an additional 1,118 shares during the period. Finally, Virtus Advisers LLC purchased a new position in shares of Rogers during the 3rd quarter valued at about $127,000. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Rogers Stock Performance

Shares of NYSE:ROG opened at $126.63 on Thursday. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 72.36 and a beta of 0.51. The firm has a fifty day moving average price of $138.72 and a 200 day moving average price of $127.88. Rogers Corporation has a fifty-two week low of $75.14 and a fifty-two week high of $169.00.

Rogers (NYSE:ROG) last announced its quarterly earnings results on Tuesday, July 28th. The electronics maker reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.07). The company had revenue of $216.80 million during the quarter, compared to the consensus estimate of $215.00 million. Rogers had a net margin of 3.75% and a return on equity of 5.17%. Rogers has set its Q3 2026 guidance at 1.100-1.300 EPS. As a group, research analysts predict that Rogers Corporation will post 3.83 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ROG. Wall Street Zen upgraded Rogers from a “hold” rating to a “buy” rating in a research note on Sunday. Weiss Ratings raised shares of Rogers from a “sell (d)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. B. Riley Financial upped their price target on shares of Rogers to $200.00 and gave the stock a “buy” rating in a research report on Monday, June 15th. Finally, Zacks Research cut shares of Rogers from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus 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.