Canvas Wealth Advisors LLC Sells 1,866 Shares of Rogers Corporation $ROG

Canvas Wealth Advisors LLC trimmed its stake in shares of Rogers Corporation (NYSE:ROG) by 34.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,496 shares of the electronics maker’s stock after selling 1,866 shares during the period. Canvas Wealth Advisors LLC’s holdings in Rogers were worth $231,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Clearline Capital LP purchased a new stake in Rogers during the 1st quarter valued at $11,771,000. Invenomic Capital Management LP bought a new stake in shares of Rogers in the first quarter worth $7,243,000. Gamco Investors INC. ET AL increased its position in Rogers by 63.7% during the first quarter. Gamco Investors INC. ET AL now owns 190,150 shares of the electronics maker’s stock valued at $12,841,000 after acquiring an additional 74,025 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new position in Rogers in the first quarter valued at about $4,656,000. Finally, Jane Street Group LLC bought a new position in Rogers in the first quarter valued at about $4,345,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Rogers Stock Up 1.8%

Shares of ROG opened at $85.64 on Tuesday. The business has a 50-day simple moving average of $80.40 and a two-hundred day simple moving average of $70.91. Rogers Corporation has a 52 week low of $51.43 and a 52 week high of $114.05. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of -24.26 and a beta of 0.46.

Rogers (NYSE:ROG) last issued its quarterly earnings results on Thursday, July 31st. The electronics maker reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.16). The firm had revenue of $202.80 million for the quarter, compared to analysts’ expectations of $198.75 million. Rogers had a negative net margin of 8.14% and a positive return on equity of 3.04%. Rogers has set its Q3 2025 guidance at 0.500-0.900 EPS. On average, equities analysts anticipate that Rogers Corporation will post 3.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ROG shares. Weiss Ratings restated a “sell (d)” rating on shares of Rogers in a research note on Wednesday, October 8th. Zacks Research upgraded shares of Rogers from a “strong sell” rating to a “hold” rating in a research report on Monday, September 29th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $85.00.

About Rogers

Rogers Corporation engages in the design, development, manufacture, and sale of engineered materials and components worldwide. It operates through Advanced Electronics Solutions (AES), Elastomeric Material Solutions (EMS), and Other segments. The AES segment offers circuit materials, ceramic substrate materials, busbars, and cooling solutions for applications in electric and hybrid electric vehicles (EV/HEV), wireless infrastructure, automotive, renewable energy, aerospace and defense, mass transit, industrial, connected devices, and wired infrastructure.