Invenomic Capital Management LP Acquires Shares of 107,251 Rogers Corporation $ROG

Key Points

• Invenomic Capital Management LP acquired 107,251 shares of Rogers Corporation valued at approximately $7.24 million, representing 0.58% of the company's stock as of its latest SEC filing.
• Several institutional investors, including Jacobs Levy Equity Management and AQR Capital Management, have also recently modified their holdings in Rogers, signaling increased interest in the company.
• Rogers reported a Q2 EPS of $0.34, missing the consensus estimate of $0.50, although it experienced revenue growth with $202.8 million in sales during the quarter.

Invenomic Capital Management LP acquired a new stake in Rogers Corporation (NYSE:ROG - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 107,251 shares of the electronics maker's stock, valued at approximately $7,243,000. Invenomic Capital Management LP owned about 0.58% of Rogers at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in ROG. Ameriprise Financial Inc. boosted its holdings in shares of Rogers by 66.0% in the 4th quarter. Ameriprise Financial Inc. now owns 453,144 shares of the electronics maker's stock valued at $46,044,000 after acquiring an additional 180,086 shares during the last quarter. Gamco Investors INC. ET AL boosted its holdings 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 worth $12,841,000 after buying an additional 74,025 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in Rogers during the first quarter worth $4,656,000. Bank of America Corp DE boosted its holdings in Rogers by 26.6% during the fourth quarter. Bank of America Corp DE now owns 321,337 shares of the electronics maker's stock worth $32,651,000 after buying an additional 67,454 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted its holdings in Rogers by 5.5% during the first quarter. Neuberger Berman Group LLC now owns 1,025,716 shares of the electronics maker's stock worth $69,267,000 after buying an additional 53,093 shares in the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Rogers Stock Performance

NYSE ROG traded down $0.80 during mid-day trading on Friday, reaching $78.93. 158,843 shares of the stock were exchanged, compared to its average volume of 216,573. The business's 50 day moving average is $72.29 and its 200-day moving average is $69.32. Rogers Corporation has a 1 year low of $51.43 and a 1 year high of $114.05. The company has a market capitalization of $1.43 billion, a P/E ratio of -22.36 and a beta of 0.50.

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

Rogers Company Profile

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.