On February 13, 2026, ACK Asset Management LLC disclosed a new position in Rogers (ROG 1.93%), acquiring 436,707 shares in an estimated $39.99 million trade.
What happened
According to an SEC filing dated February 13, 2026, ACK Asset Management LLC initiated a new position in Rogers (ROG 1.93%), acquiring 436,707 shares. The estimated transaction value was $39.99 million.
What else to know
- This was a new position, representing 5.0% of the fund's 13F assets under management as of December 31, 2025.
- Top five holdings after the filing:
- NYSE: MTRN: $59.03 million (7.5% of AUM)
- NYSE: GVA: $57.67 million (7.3% of AUM)
- NYSE: WMS: $56.48 million (7.1% of AUM)
- NYSE: ATS: $50.84 million (6.4% of AUM)
- NYSE: CNM: $46.77 million (5.9% of AUM)
- As of February 12, 2026, Rogers shares were priced at $108.98, up 25.0% over the past year and outperforming the S&P 500 by 12.1 percentage points.
Company overview
| Metric | Value |
|---|---|
| Price (as of market close February 12, 2026) | $108.98 |
| Market capitalization | $1.92 billion |
| Revenue (TTM) | $801.5 million |
| Net income (TTM) | ($66.9 million) |
Company snapshot
- Rogers provides engineered materials and components, including circuit materials, ceramic substrates, busbars, cooling solutions, polyurethane and silicone materials, and elastomer components.
- It generates revenue by designing, manufacturing, and selling advanced materials for use in electric vehicles, wireless infrastructure, automotive, aerospace, defense, clean energy, and industrial applications.
- Primary customers include manufacturers in the EV/HEV, wireless, automotive, aerospace, defense, industrial, and mass transit sectors worldwide.
Rogers is a global provider of high-performance engineered materials, serving diverse markets with a focus on advanced electronics and elastomeric solutions.
What this transaction means for investors
Engineered materials suppliers do not always flash headline growth, but they tend to show up when end markets quietly turn.
Rogers delivered $216.0 million in third quarter sales, up 6.5% sequentially, with gross margin expanding to 33.5%. Adjusted earnings per share jumped to $0.90 from $0.34 in the prior quarter, while adjusted EBITDA improved to $37.2 million. Free cash flow reached $21.2 million, and cash on hand rose to $167.8 million even after $10 million in share repurchases.
The Advanced Electronics Solutions segment benefited from stronger EV, wireless infrastructure, and industrial demand, while Elastomeric Material Solutions saw gains in aerospace, defense, and portable electronics. Management expects fourth quarter sales between $190 million and $205 million, with typical seasonality tempering sequential growth.
At 5% of assets, this is a sizable allocation within a portfolio already concentrated in industrial and infrastructure names like Materion, Granite Construction and Advanced Drainage Systems. Shares are up 25% over the past year, yet still trade below peak margins seen in stronger cycles.
For long-term investors, the bet hinges on margin durability and exposure to EV and aerospace recovery. If cost initiatives stick and demand normalizes, operating leverage could surprise to the upside
