Bank of America Corp DE Buys 1,231,188 Shares of Intuitive Machines, Inc. $LUNR

Bank of America Corp DE raised its stake in Intuitive Machines, Inc. (NASDAQ:LUNR - Free Report) by 188.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,882,973 shares of the company's stock after buying an additional 1,231,188 shares during the period. Bank of America Corp DE owned about 0.87% of Intuitive Machines worth $34,948,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new stake in shares of Intuitive Machines during the 4th quarter worth approximately $28,000. State of Wyoming acquired a new stake in Intuitive Machines in the first quarter valued at approximately $39,000. Larson Financial Group LLC grew its stake in Intuitive Machines by 63.2% in the fourth quarter. Larson Financial Group LLC now owns 2,623 shares of the company's stock valued at $43,000 after acquiring an additional 1,016 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Intuitive Machines by 34.2% during the first quarter. PNC Financial Services Group Inc. now owns 2,793 shares of the company's stock valued at $52,000 after acquiring an additional 712 shares in the last quarter. Finally, CWM LLC increased its holdings in shares of Intuitive Machines by 406.4% during the fourth quarter. CWM LLC now owns 2,912 shares of the company's stock valued at $47,000 after acquiring an additional 2,337 shares in the last quarter. Institutional investors and hedge funds own 72.21% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Roth Capital set a $30.00 target price on Intuitive Machines in a research report on Thursday. Zacks Research upgraded shares of Intuitive Machines from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 14th. Stifel Nicolaus raised shares of Intuitive Machines from a "hold" rating to a "buy" rating and lowered their price target for the company from $32.00 to $26.00 in a research report on Friday. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $34.00 price target on shares of Intuitive Machines in a research report on Wednesday, May 20th. Finally, KeyCorp lifted their price objective on shares of Intuitive Machines from $26.00 to $27.00 and gave the stock an "overweight" rating in a report on Wednesday, April 29th. Eight analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $30.31.

Insider Activity at Intuitive Machines

In related news, major shareholder International L.P. Advent sold 11,495,514 shares of Intuitive Machines stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $12.84, for a total value of $147,602,399.76. Following the sale, the insider directly owned 11,495,514 shares in the company, valued at approximately $147,602,399.76. The trade was a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Timothy Price Crain II sold 150,000 shares of the stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $21.87, for a total value of $3,280,500.00. Following the completion of the transaction, the senior vice president owned 351,279 shares of the company's stock, valued at $7,682,471.73. The trade was a 29.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 12,546,222 shares of company stock worth $173,386,975. Corporate insiders own 54.10% of the company's stock.

Intuitive Machines Price Performance

LUNR stock opened at $19.01 on Friday. The firm's 50-day moving average is $18.17 and its 200 day moving average is $21.90. Intuitive Machines, Inc. has a 12 month low of $7.78 and a 12 month high of $46.75. The company has a market capitalization of $4.13 billion, a PE ratio of -20.01 and a beta of 1.83.

Intuitive Machines (NASDAQ:LUNR - Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.20). The firm had revenue of $206.17 million during the quarter, compared to analysts' expectations of $212.32 million. Sell-side analysts forecast that Intuitive Machines, Inc. will post -0.35 EPS for the current fiscal year.

Key Headlines Impacting Intuitive Machines

Here are the key news stories impacting Intuitive Machines this week:

• Positive Sentiment: Intuitive Machines reported a record $1.8 billion backlog, including approximately $920 million in second-quarter awards. The backlog spans lunar, satellite, defense and commercial space programs, supporting expectations for future revenue and a shift toward recurring space-infrastructure revenue. LUNR Q2 Earnings Call Highlights Record Backlog and Expansion
• Positive Sentiment: Stifel upgraded LUNR to Buy from Hold, arguing that the backlog and long-term growth opportunity are more important than the quarterly miss. B. Riley maintained a Buy rating, while Cantor Fitzgerald retained an Overweight rating. Intuitive Machines stock jumps 8% as Wall Street backs $1.8B backlog
• Positive Sentiment: Call-option activity was elevated, with traders purchasing 41,940 calls—about 19% above average daily volume—suggesting increased speculative bullish interest in the stock.
• Neutral Sentiment: Analysts lowered their price targets despite maintaining constructive ratings: Stifel cut its target to $26 from $32, Cantor to $32 from $43 and B. Riley to $43 from $45. The revisions reflect near-term execution concerns but still imply substantial potential upside.
• Negative Sentiment: Second-quarter results missed expectations. Revenue rose fourfold year over year to approximately $206.2 million, but fell short of estimates near $216 million, while EPS of negative $0.29 missed the consensus loss estimate of negative $0.09. A $14.7 million charge contributed to the shortfall. Intuitive Machines Reports Second Quarter 2026 Financial Results
• Negative Sentiment: Director Kamal Seyed Ghaffarian sold 267,448 shares worth approximately $4.3 million under a pre-arranged Rule 10b5-1 plan. Although the sale was scheduled, insider selling can weigh on sentiment.

Intuitive Machines Company Profile

Intuitive Machines is a Houston, Texas–based aerospace company specializing in commercial lunar exploration and services. The firm develops end-to-end solutions for robotic missions to the Moon, providing spacecraft design, mission management, navigation, communications, and data services under NASA's Commercial Lunar Payload Services (CLPS) program.

Founded in 2013 by aerospace engineers Steve Altemus, Tim Crain and Kris Kimel, Intuitive Machines has grown from a small startup into one of the leading private entities pursuing lunar surface deliveries.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source