Tempus Wealth Planning LLC Acquires 6,453 Shares of Rocket Lab Corporation $RKLB

Key Points

• Tempus Wealth Planning LLC increased its stake in Rocket Lab Corporation by 38.7%, acquiring an additional 6,453 shares and raising its total holdings to 23,110 shares valued at approximately $827,000.
• Several hedge funds, including Vanguard Group and Invesco Ltd., also significantly increased their stakes in Rocket Lab, contributing to institutional investors owning 71.78% of the company's stock.
• Rocket Lab's stock received multiple "buy" ratings from analysts, with target prices raised, reflecting a general sentiment of optimism about the company despite a reported earnings miss for the recent quarter.

Tempus Wealth Planning LLC grew its stake in shares of Rocket Lab Corporation (NASDAQ:RKLB - Free Report) by 38.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,110 shares of the rocket manufacturer's stock after acquiring an additional 6,453 shares during the period. Tempus Wealth Planning LLC's holdings in Rocket Lab were worth $827,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Rocket Lab by 10.6% in the 1st quarter. Vanguard Group Inc. now owns 40,029,546 shares of the rocket manufacturer's stock worth $715,728,000 after acquiring an additional 3,833,969 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in Rocket Lab during the second quarter valued at about $192,918,000. Invesco Ltd. boosted its holdings in Rocket Lab by 56.1% during the 1st quarter. Invesco Ltd. now owns 3,738,250 shares of the rocket manufacturer's stock valued at $66,840,000 after acquiring an additional 1,343,518 shares during the period. Westfield Capital Management Co. LP grew its holdings in shares of Rocket Lab by 2.6% in the first quarter. Westfield Capital Management Co. LP now owns 2,586,532 shares of the rocket manufacturer's stock worth $46,247,000 after purchasing an additional 65,255 shares during the last quarter. Finally, Royal Bank of Canada increased its position in shares of Rocket Lab by 6.4% in the first quarter. Royal Bank of Canada now owns 2,128,536 shares of the rocket manufacturer's stock valued at $38,057,000 after acquiring an additional 128,907 shares during the period. Hedge funds and other institutional investors own 71.78% of the company's stock.

Wall Street Analyst Weigh In

RKLB has been the subject of a number of recent analyst reports. Roth Capital reaffirmed a "buy" rating on shares of Rocket Lab in a research report on Friday, August 29th. Citigroup restated a "buy" rating and set a $50.00 target price (up previously from $33.00) on shares of Rocket Lab in a report on Monday, July 14th. Needham & Company LLC reiterated a "buy" rating and issued a $55.00 price target on shares of Rocket Lab in a report on Wednesday, September 3rd. Cantor Fitzgerald upped their price objective on shares of Rocket Lab from $35.00 to $54.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Finally, KeyCorp lifted their target price on shares of Rocket Lab from $40.00 to $50.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $42.27.

Insiders Place Their Bets

In other news, insider Frank Klein sold 4,286 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $47.72, for a total value of $204,527.92. Following the sale, the insider directly owned 1,316,005 shares of the company's stock, valued at approximately $62,799,758.60. This represents a 0.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Arjun Kampani sold 9,416 shares of Rocket Lab stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $47.70, for a total value of $449,143.20. Following the completion of the transaction, the senior vice president directly owned 489,629 shares of the company's stock, valued at approximately $23,355,303.30. This represents a 1.89% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,406,361 shares of company stock valued at $267,483,973. Company insiders own 11.90% of the company's stock.

Rocket Lab Trading Down 0.8%

Shares of NASDAQ RKLB opened at $46.26 on Friday. Rocket Lab Corporation has a 1 year low of $8.80 and a 1 year high of $55.17. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.67 and a quick ratio of 2.33. The firm has a 50-day moving average of $46.36 and a 200 day moving average of $33.09. The stock has a market cap of $22.39 billion, a P/E ratio of -102.80 and a beta of 2.17.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The rocket manufacturer reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.06). Rocket Lab had a negative return on equity of 48.14% and a negative net margin of 45.87%.The business had revenue of $144.50 million during the quarter, compared to analysts' expectations of $135.42 million. During the same quarter last year, the company posted ($0.08) EPS. Rocket Lab's revenue for the quarter was up 35.9% compared to the same quarter last year. Rocket Lab has set its Q3 2025 guidance at EPS. As a group, sell-side analysts expect that Rocket Lab Corporation will post -0.38 EPS for the current fiscal year.

About Rocket Lab

Rocket Lab USA, Inc, a space company, provides launch services and space systems solutions for the space and defense industries. The company provides launch services, spacecraft design services, spacecraft components, spacecraft manufacturing, and other spacecraft and on-orbit management solutions; and constellation management services, as well as designs and manufactures small and medium-class rockets.

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