UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 7,191 Shares of Rogers Corporation $ROG

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Rogers Corporation (NYSE:ROG) by 16.6% during the second quarter, Holdings Channel reports. The firm owned 50,482 shares of the electronics maker’s stock after acquiring an additional 7,191 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Rogers were worth $8,265,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Granahan Investment Management LLC bought a new stake in Rogers in the first quarter worth approximately $3,528,000. Edgestream Partners L.P. boosted its holdings in shares of Rogers by 135.0% during the 1st quarter. Edgestream Partners L.P. now owns 74,898 shares of the electronics maker’s stock worth $8,039,000 after buying an additional 43,029 shares in the last quarter. BlackRock Inc. bought a new position in shares of Rogers during the 2nd quarter worth approximately $556,493,000. Strs Ohio acquired a new stake in shares of Rogers during the 1st quarter worth approximately $880,000. Finally, Trillium Asset Management LLC acquired a new stake in shares of Rogers during the 2nd quarter worth approximately $4,788,000. Institutional investors own 96.02% of the company’s stock.

Rogers Stock Up 0.4%

NYSE ROG opened at $128.37 on Tuesday. Rogers Corporation has a 52 week low of $75.14 and a 52 week high of $169.00. The business has a 50 day moving average price of $132.87 and a 200-day moving average price of $128.98. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 73.35 and a beta of 0.50.

Rogers (NYSE:ROG) last issued its 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 firm had revenue of $216.80 million during the quarter, compared to the consensus estimate of $215.00 million. Rogers had a return on equity of 5.17% and a net margin of 3.75%.Rogers has set its Q3 2026 guidance at 1.100-1.300 EPS. On average, equities research analysts anticipate that Rogers Corporation will post 3.83 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on ROG. Weiss Ratings upgraded shares of Rogers from a “sell (d)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Zacks Research downgraded shares of Rogers from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 23rd. B. Riley Financial upped their price objective on shares of Rogers to $200.00 and gave the company a “buy” rating in a report on Monday, June 15th. Finally, Wall Street Zen cut shares of Rogers from a “buy” rating to a “hold” rating in a research report on Monday, August 31st. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $200.00.

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.