Man Group plc Makes New Investment in Rogers Corporation $ROG

Man Group plc acquired a new stake in Rogers Corporation (NYSE:ROG – Free Report) in the second quarter, Holdings Channel reports. The fund acquired 47,148 shares of the electronics maker’s stock, valued at approximately $7,720,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Jupiter Topco LLC bought a new position in shares of Rogers during the second quarter worth approximately $963,000. Hsbc Holdings PLC bought a new stake in shares of Rogers in the second quarter valued at approximately $6,707,000. Legal & General Group Plc bought a new stake in shares of Rogers in the second quarter valued at approximately $6,303,000. The Manufacturers Life Insurance Company acquired a new stake in Rogers during the second quarter worth approximately $1,356,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Rogers during the second quarter worth approximately $773,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Rogers Trading Down 2.9%

Shares of Rogers stock opened at $125.57 on Friday. The company has a 50 day moving average of $137.32 and a 200-day moving average of $128.03. Rogers Corporation has a 1-year low of $75.14 and a 1-year high of $169.00. The company has a market cap of $2.24 billion, a PE ratio of 71.75 and a beta of 0.51.

Rogers (NYSE:ROG – Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The electronics maker reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.07). The firm had revenue of $216.80 million for the quarter, compared to analyst estimates 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. Research analysts forecast that Rogers Corporation will post 3.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ROG. 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. Weiss Ratings raised Rogers from a “sell (d)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. Wall Street Zen raised Rogers from a “hold” rating to a “buy” rating in a report on Sunday, August 23rd. Finally, Zacks Research cut Rogers from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $200.00.

Read Our Latest Report on ROG

Rogers Profile

(Free Report)

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.

Featured Stories

• Five stocks we like better than Rogers
• 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole
• IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings
• Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude?
• Okta Stock Surges 29%—Is $200 the Next Stop?

Want to see what other hedge funds are holding ROG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rogers Corporation (NYSE:ROG – Free Report).