SG Americas Securities LLC Has $9.92 Million Stake in Rogers Corporation $ROG

SG Americas Securities LLC increased its position in Rogers Corporation (NYSE:ROG) by 26.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 92,453 shares of the electronics maker’s stock after purchasing an additional 19,277 shares during the quarter. SG Americas Securities LLC owned approximately 0.52% of Rogers worth $9,923,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Capital Research Global Investors bought a new position in shares of Rogers during the 3rd quarter worth about $98,295,000. First Eagle Investment Management LLC bought a new stake in Rogers in the third quarter valued at about $5,616,000. Polar Asset Management Partners Inc. acquired a new position in Rogers in the third quarter worth about $3,695,000. Segall Bryant & Hamill LLC acquired a new position in Rogers in the third quarter worth about $11,373,000. Finally, JPMorgan Chase & Co. lifted its stake in Rogers by 132.0% during the third quarter. JPMorgan Chase & Co. now owns 92,559 shares of the electronics maker’s stock worth $7,447,000 after purchasing an additional 52,670 shares during the period. Institutional investors and hedge funds own 96.02% of the company’s stock.

Insider Activity

In related news, SVP Brian Keith Larabee sold 830 shares of Rogers stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $135.91, for a total value of $112,805.30. Following the completion of the sale, the senior vice president directly owned 5,515 shares in the company, valued at $749,543.65. This trade represents a 13.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.08% of the stock is owned by company insiders.

Rogers News Roundup

Here are the key news stories impacting Rogers this week:

• Positive Sentiment: Zacks Research upgraded Rogers Corporation (ROG) from hold to strong-buy, a clear bullish signal that may be supporting the stock. Zacks.com
• Positive Sentiment: Rogers was also added to Zacks’ Strong Buy momentum and new strong-buy lists, reinforcing positive near-term trading sentiment. Best Momentum Stocks to Buy for June 25th
• Neutral Sentiment: A CNBC report said Rogers’ sports empire is now the seventh most valuable in the world, which is more of a brand/visibility headline than a direct catalyst for Rogers Corporation. Financial Post article

Rogers Price Performance

ROG opened at $160.25 on Friday. The stock has a market capitalization of $2.86 billion, a P/E ratio of -53.24 and a beta of 0.52. The company’s 50 day simple moving average is $141.85 and its 200-day simple moving average is $115.76. Rogers Corporation has a one year low of $61.17 and a one year high of $169.00.

Rogers (NYSE:ROG) last posted its quarterly earnings data on Tuesday, April 28th. The electronics maker reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.07. Rogers had a negative net margin of 6.81% and a positive return on equity of 4.31%. The firm had revenue of $200.50 million during the quarter, compared to analysts’ expectations of $200.50 million. Rogers has set its Q2 2026 guidance at 0.900-1.100 EPS. As a group, analysts anticipate that Rogers Corporation will post 3.71 EPS for the current year.

Analysts Set New Price Targets

ROG has been the topic of a number of recent research reports. B. Riley Financial lifted their price objective on Rogers to $200.00 and gave the company a “buy” rating in a report on Monday, June 15th. Zacks Research raised Rogers from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Finally, Weiss Ratings upgraded Rogers from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $200.00.

Rogers Company 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.