Marathon Asset Management Ltd Reduces Stock Position in Rogers Corporation $ROG

Marathon Asset Management Ltd cut its stake in Rogers Corporation (NYSE:ROG) by 8.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 117,826 shares of the electronics maker’s stock after selling 11,488 shares during the quarter. Marathon Asset Management Ltd’s holdings in Rogers were worth $10,789,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ROG. Virtus Advisers LLC acquired a new position in Rogers in the third quarter valued at approximately $127,000. Quadrant Capital Group LLC acquired a new stake in shares of Rogers in the third quarter valued at $130,000. PNC Financial Services Group Inc. raised its stake in shares of Rogers by 119.7% in the third quarter. PNC Financial Services Group Inc. now owns 1,905 shares of the electronics maker’s stock valued at $153,000 after acquiring an additional 1,038 shares in the last quarter. NJ State Employees Deferred Compensation Plan acquired a new stake in shares of Rogers in the third quarter valued at $201,000. Finally, Front Street Capital Management Inc. acquired a new stake in Rogers in the second quarter valued at $201,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Rogers 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Brian Keith Larabee sold 830 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $135.91, for a total transaction of $112,805.30. Following the completion of the sale, the senior vice president owned 5,515 shares in the company, valued at $749,543.65. The trade was a 13.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,981 shares of company stock worth $346,176 in the last ninety days. Corporate insiders own 1.08% of the company’s stock.

Rogers Stock Down 2.0%

ROG stock opened at $131.17 on Wednesday. The business has a fifty day simple moving average of $118.41 and a 200-day simple moving average of $102.91. Rogers Corporation has a 52 week low of $61.17 and a 52 week high of $144.46. The company has a market cap of $2.34 billion, a price-to-earnings ratio of -43.58 and a beta of 0.51.

Rogers (NYSE:ROG) last announced its quarterly earnings results 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 during the quarter, compared to analysts’ expectations 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 expect that Rogers Corporation will post 3.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on ROG shares. B. Riley Financial reaffirmed a “buy” rating on shares of Rogers in a report on Thursday, April 23rd. Weiss Ratings raised Rogers from a “sell (d)” rating to a “sell (d+)” rating in a research note 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $133.00.

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.