Canvas Wealth Advisors LLC Trims Stake in Rogers Corporation $ROG

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

Several other hedge funds also recently made changes to their positions in ROG. Sequoia Financial Advisors LLC raised its holdings in Rogers by 22.9% in the first quarter. Sequoia Financial Advisors LLC now owns 3,777 shares of the electronics maker’s stock worth $255,000 after purchasing an additional 704 shares in the last quarter. Illinois Municipal Retirement Fund increased its stake in shares of Rogers by 4.6% in the 1st quarter. Illinois Municipal Retirement Fund now owns 9,165 shares of the electronics maker’s stock worth $619,000 after acquiring an additional 407 shares in the last quarter. Intech Investment Management LLC lifted its position in Rogers by 30.5% during the 1st quarter. Intech Investment Management LLC now owns 26,740 shares of the electronics maker’s stock valued at $1,806,000 after acquiring an additional 6,252 shares during the period. Principal Financial Group Inc. boosted its stake in Rogers by 2.7% during the first quarter. Principal Financial Group Inc. now owns 84,683 shares of the electronics maker’s stock worth $5,719,000 after acquiring an additional 2,228 shares in the last quarter. Finally, GSA Capital Partners LLP grew its holdings in Rogers by 227.3% in the first quarter. GSA Capital Partners LLP now owns 24,607 shares of the electronics maker’s stock worth $1,662,000 after purchasing an additional 17,089 shares during the period. 96.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Rogers Stock Performance

Shares of NYSE ROG opened at $85.64 on Tuesday. The firm’s 50 day moving average price is $80.40 and its 200-day moving average price is $70.91. Rogers Corporation has a 52-week low of $51.43 and a 52-week high of $114.05. The company has a market cap of $1.55 billion, a PE ratio of -24.26 and a beta of 0.46.

Rogers (NYSE:ROG) last announced 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 the consensus estimate 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, analysts forecast that Rogers Corporation will post 3.57 earnings per share for the current fiscal year.

Rogers 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.