Marathon Asset Management Ltd Sells 11,488 Shares of Rogers Corporation $ROG

Marathon Asset Management Ltd decreased its position in Rogers Corporation (NYSE:ROG) by 8.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 117,826 shares of the electronics maker’s stock after selling 11,488 shares during the quarter. Marathon Asset Management Ltd owned approximately 0.66% of Rogers worth $10,789,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Research Global Investors purchased a new stake in Rogers in the third quarter worth about $98,295,000. First Eagle Investment Management LLC purchased a new stake in shares of Rogers during the third quarter worth about $5,616,000. Polar Asset Management Partners Inc. bought a new position in Rogers during the third quarter valued at approximately $3,695,000. Segall Bryant & Hamill LLC bought a new position in Rogers during the third quarter valued at approximately $11,373,000. Finally, JPMorgan Chase & Co. boosted 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 valued at $7,447,000 after buying an additional 52,670 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Rogers Stock Performance

Rogers stock opened at $131.17 on Wednesday. The business’s 50-day simple moving average is $118.41 and its two-hundred day simple moving average is $102.91. The company has a market cap of $2.34 billion, a PE ratio of -43.58 and a beta of 0.51. Rogers Corporation has a fifty-two week low of $61.17 and a fifty-two week high of $144.46.

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

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ROG. B. Riley Financial reaffirmed a “buy” rating on shares of Rogers in a research note on Thursday, April 23rd. Weiss Ratings upgraded Rogers from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Rogers has an average rating of “Hold” and an average target price of $133.00.

Insider Activity

In other Rogers news, SVP Michael Reed Webb sold 1,197 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $106.25, for a total transaction of $127,181.25. Following the completion of the sale, the senior vice president directly owned 9,747 shares in the company, valued at approximately $1,035,618.75. The trade was a 10.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Brian Keith Larabee sold 830 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $135.91, for a total value of $112,805.30. Following the sale, the senior vice president owned 5,515 shares of the company’s stock, valued at approximately $749,543.65. This trade represents a 13.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 2,981 shares of company stock valued at $346,176. Insiders own 1.08% of the company’s stock.

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.