Invenomic Capital Management LP Makes New Investment in 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 bought a new position in shares of Rogers Corporation (NYSE:ROG - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 107,251 shares of the electronics maker's stock, valued at approximately $7,243,000. Invenomic Capital Management LP owned 0.58% of Rogers as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Jacobs Levy Equity Management Inc. purchased a new stake in Rogers in the 1st quarter valued at $4,656,000. AQR Capital Management LLC grew its stake in shares of Rogers by 121.3% during the 1st quarter. AQR Capital Management LLC now owns 8,376 shares of the electronics maker's stock worth $566,000 after acquiring an additional 4,591 shares during the period. Royal Bank of Canada boosted its stake in Rogers by 15.7% in the 1st quarter. Royal Bank of Canada now owns 4,276 shares of the electronics maker's stock worth $288,000 after purchasing an additional 580 shares during the period. Magnetar Financial LLC bought a new position in Rogers in the 1st quarter worth about $310,000. Finally, State of Wyoming boosted its stake in Rogers by 17.2% in the 1st quarter. State of Wyoming now owns 16,483 shares of the electronics maker's stock worth $1,113,000 after purchasing an additional 2,414 shares during the period. 96.02% of the stock is owned by institutional investors and hedge funds.

Rogers Price Performance

Shares of NYSE:ROG traded down $0.48 on Wednesday, hitting $78.91. The company's stock had a trading volume of 48,489 shares, compared to its average volume of 229,337. The company has a 50-day simple moving average of $72.66 and a 200 day simple moving average of $69.34. 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 PE ratio of -22.38 and a beta of 0.50.

Rogers (NYSE:ROG - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The electronics maker reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates 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 research analysts expect 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.