Rocket Lab Corporation $RKLB Shares Acquired by Hennion & Walsh Asset Management Inc.

Key Points

• Hennion & Walsh increased its Rocket Lab position by 11.6% in the second quarter, adding 9,761 shares to hold 93,586 shares valued at approximately $9.5 million.
• Institutional investors and hedge funds collectively own 71.78% of Rocket Lab, with major holders including Vanguard, Baillie Gifford, Capital World Investors, State Street and Geode Capital Management.
• Rocket Lab has strong operating and analyst momentum, supported by a $397 million Space Force contract and continued Electron launches, but it remains unprofitable and faces valuation concerns and significant Neutron development costs. Analysts maintain a “Moderate Buy” consensus with an average price target of $110.29.

Hennion & Walsh Asset Management Inc. lifted its position in shares of Rocket Lab Corporation (NASDAQ:RKLB - Free Report) by 11.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 93,586 shares of the rocket manufacturer's stock after purchasing an additional 9,761 shares during the period. Hennion & Walsh Asset Management Inc.'s holdings in Rocket Lab were worth $9,513,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Rocket Lab by 13.4% during the 4th quarter. Vanguard Group Inc. now owns 47,420,192 shares of the rocket manufacturer's stock worth $3,308,033,000 after buying an additional 5,610,469 shares during the last quarter. Baillie Gifford & Co. increased its holdings in shares of Rocket Lab by 47.2% in the 4th quarter. Baillie Gifford & Co. now owns 17,851,446 shares of the rocket manufacturer's stock valued at $1,245,317,000 after acquiring an additional 5,725,536 shares during the last quarter. Capital World Investors raised its position in shares of Rocket Lab by 12.0% during the 4th quarter. Capital World Investors now owns 16,200,726 shares of the rocket manufacturer's stock worth $1,130,172,000 after acquiring an additional 1,738,623 shares in the last quarter. State Street Corp raised its position in shares of Rocket Lab by 1.0% during the 4th quarter. State Street Corp now owns 12,520,223 shares of the rocket manufacturer's stock worth $873,411,000 after acquiring an additional 120,652 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Rocket Lab by 10.1% during the fourth quarter. Geode Capital Management LLC now owns 9,004,724 shares of the rocket manufacturer's stock worth $626,605,000 after purchasing an additional 825,158 shares during the last quarter. Institutional investors and hedge funds own 71.78% of the company's stock.

Key Stories Impacting Rocket Lab

Here are the key news stories impacting Rocket Lab this week:

• Positive Sentiment: $397 million Space Force contract: The award was the primary catalyst for the rally. It adds substantial government-backed business and reinforces Rocket Lab’s position as a defense and space-infrastructure supplier. The company has reportedly secured approximately $663 million in Space Force contracts recently, although the larger award depends on Rocket Lab’s future Neutron rocket, which has not yet flown. Why Rocket Lab Stock Just Jumped
• Positive Sentiment: Launch reliability continues: Rocket Lab successfully completed its 92nd Electron mission and its 13th launch of 2026, deploying another satellite for repeat customer iQPS. The milestone supports investor confidence in the company’s launch cadence and commercial satellite-contractor relationships. Rocket Lab Successfully Completes 92nd Electron Mission
• Positive Sentiment: Sector momentum and earnings anticipation: A broader rally in space stocks, improving retail sentiment, and expectations for continued revenue growth have added to RKLB’s momentum. Analysts cited recent contracts, launch milestones, and potential satellite-systems growth as reasons for optimism. Rocket Lab Stock Opinions on Upcoming Earnings
• Neutral Sentiment: Key near-term event: Rocket Lab reports second-quarter results after the market closes on Monday, August 10. Investors will focus on whether contract wins are translating into revenue growth, the outlook for the Neutron program, and the company’s path toward profitability. Rocket Lab Wins $397 Million Space Contract Ahead of Earnings
• Negative Sentiment: Valuation and profitability remain concerns: Despite strong growth prospects, Rocket Lab remains unprofitable, faces significant Neutron development costs, and trades at a premium valuation. Investors may therefore demand strong guidance or evidence of improving margins. Rocket Lab Set to Report Q2 Earnings
• Negative Sentiment: Insider selling: Data cited by QuiverQuant shows extensive insider sales over the past six months and no reported insider purchases, a potential caution signal even though the transactions may reflect planned or compensation-related selling.

Insider Activity

In related news, CFO Adam C. Spice sold 62,744 shares of the business's stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $142.57, for a total value of $8,945,412.08. Following the transaction, the chief financial officer owned 983,049 shares in the company, valued at $140,153,295.93. The trade was a 6.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Alexander R. Slusky sold 100,000 shares of the company's stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $118.08, for a total value of $11,808,000.00. Following the sale, the director directly owned 434,675 shares of the company's stock, valued at approximately $51,326,424. This represents a 18.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 3,849,294 shares of company stock valued at $362,816,208. Insiders own 8.40% of the company's stock.

Rocket Lab Trading Up 9.5%

NASDAQ:RKLB opened at $82.83 on Friday. The company has a market capitalization of $47.94 billion, a PE ratio of -258.84 and a beta of 2.60. Rocket Lab Corporation has a 52-week low of $37.57 and a 52-week high of $151.00. The stock's 50 day moving average price is $88.87 and its 200 day moving average price is $85.83. The company has a quick ratio of 4.02, a current ratio of 4.47 and a debt-to-equity ratio of 0.02.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The rocket manufacturer reported ($0.07) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.07). The company had revenue of $200.35 million during the quarter, compared to analysts' expectations of $189.65 million. Rocket Lab had a negative return on equity of 11.72% and a negative net margin of 26.87%.The firm's revenue for the quarter was up 63.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.12) earnings per share. On average, research analysts anticipate that Rocket Lab Corporation will post -0.26 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on RKLB shares. New Street Research started coverage on Rocket Lab in a report on Wednesday, May 13th. They issued a "buy" rating and a $150.00 price target for the company. Needham & Company LLC reissued a "buy" rating and set a $120.00 price objective on shares of Rocket Lab in a report on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Rocket Lab from $73.00 to $120.00 and gave the company a "buy" rating in a report on Tuesday, May 12th. KeyCorp raised shares of Rocket Lab from a "sector weight" rating to an "overweight" rating and set a $135.00 target price on the stock in a research report on Monday, June 15th. Finally, TD Cowen lifted their price target on shares of Rocket Lab from $90.00 to $120.00 and gave the stock a "buy" rating in a research note on Friday, May 8th. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Rocket Lab currently has an average rating of "Moderate Buy" and a consensus target price of $110.29.

Rocket Lab Company Profile

Rocket Lab is an aerospace company that provides launch services, spacecraft, and space systems for commercial and government customers. The company's primary launch vehicle is Electron, a small-lift orbital rocket designed to deploy small satellites and rideshare payloads to low Earth orbit. Rocket Lab also develops and manufactures the Rutherford engine, noted for its electric-pump-fed design and additive-manufactured components, which powers Electron and supports the company's propulsion capabilities.

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.

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