First Eagle Investment Management LLC Buys Shares of 69,793 Rogers Corporation $ROG

First Eagle Investment Management LLC bought a new stake in shares of Rogers Corporation (NYSE:ROG) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 69,793 shares of the electronics maker’s stock, valued at approximately $5,616,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ROG. Geode Capital Management LLC raised its holdings in Rogers by 1.0% in the 2nd quarter. Geode Capital Management LLC now owns 420,556 shares of the electronics maker’s stock worth $28,803,000 after purchasing an additional 4,240 shares during the period. Summit Global Investments bought a new stake in Rogers during the second quarter valued at about $812,000. Bank of Montreal Can purchased a new stake in Rogers in the second quarter worth about $327,000. Norges Bank purchased a new stake in Rogers in the second quarter worth about $89,111,000. Finally, Creative Planning raised its stake in shares of Rogers by 39.0% in the second quarter. Creative Planning now owns 36,505 shares of the electronics maker’s stock worth $2,500,000 after buying an additional 10,246 shares during the period. 96.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ROG has been the topic of several analyst reports. B. Riley Financial lifted their price target on shares of Rogers from $127.00 to $133.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. Zacks Research cut shares of Rogers from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Rogers in a research note on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Rogers has an average rating of “Hold” and an average target price of $109.00.

Insider Buying and Selling

In related news, SVP Michael Reed Webb sold 1,197 shares of the firm’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $106.25, for a total value of $127,181.25. Following the transaction, the senior vice president owned 9,747 shares of the company’s stock, valued at $1,035,618.75. This trade represents a 10.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.35% of the stock is owned by company insiders.

Rogers Stock Performance

ROG stock opened at $109.69 on Thursday. The firm has a fifty day moving average price of $101.00 and a 200 day moving average price of $89.46. Rogers Corporation has a fifty-two week low of $51.43 and a fifty-two week high of $112.81. The firm has a market cap of $1.96 billion, a PE ratio of -32.84 and a beta of 0.36.

Rogers (NYSE:ROG) last issued its quarterly earnings data on Tuesday, February 17th. The electronics maker reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.29. The company had revenue of $201.50 million for the quarter, compared to analysts’ expectations of $196.50 million. Rogers had a positive return on equity of 3.56% and a negative net margin of 7.62%.Rogers has set its Q1 2026 guidance at 0.450-0.850 EPS. On average, equities analysts predict that Rogers Corporation will post 3.57 EPS for the current year.

About Rogers

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.