Westfield Capital Management Co. LP Boosts Stock Holdings in Rocket Lab Corporation $RKLB

Key Points

• Westfield Capital Management increased its Rocket Lab stake by 6.3% in Q4, adding 154,623 shares and bringing its total to 2.59 million shares worth about $180.8 million.
• Other institutions also raised or initiated positions in RKLB, and hedge funds and other institutional investors now own 71.78% of the company.
• Rocket Lab shares were trading up 4.6% at $119.95, while the company recently reported revenue of $200.35 million for the quarter, topping estimates and growing 63.4% year over year.

Westfield Capital Management Co. LP raised its holdings in Rocket Lab Corporation (NASDAQ:RKLB - Free Report) by 6.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,592,443 shares of the rocket manufacturer's stock after purchasing an additional 154,623 shares during the period. Rocket Lab accounts for about 0.8% of Westfield Capital Management Co. LP's holdings, making the stock its 25th biggest position. Westfield Capital Management Co. LP owned 0.49% of Rocket Lab worth $180,849,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of RKLB. Aventura Private Wealth LLC purchased a new position in shares of Rocket Lab in the fourth quarter worth about $25,000. UMB Bank n.a. increased its stake in shares of Rocket Lab by 352.5% in the third quarter. UMB Bank n.a. now owns 543 shares of the rocket manufacturer's stock worth $26,000 after purchasing an additional 423 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Rocket Lab by 109.5% in the second quarter. EverSource Wealth Advisors LLC now owns 796 shares of the rocket manufacturer's stock worth $28,000 after purchasing an additional 416 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Rocket Lab in the fourth quarter worth about $32,000. Finally, DecisionPoint Financial LLC increased its stake in shares of Rocket Lab by 91.1% in the fourth quarter. DecisionPoint Financial LLC now owns 472 shares of the rocket manufacturer's stock worth $33,000 after purchasing an additional 225 shares in the last quarter. Hedge funds and other institutional investors own 71.78% of the company's stock.

More Rocket Lab News

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

• Positive Sentiment: Stifel lifted its price target on Rocket Lab to $132 from $110 and reiterated a Buy rating, signaling stronger growth expectations ahead. Rocket Lab Stock (RKLB) Lands a New Street-High Target as Top Stifel Analyst Sees Stronger Growth Ahead
• Positive Sentiment: Rocket Lab benefited from renewed enthusiasm for space stocks as SpaceX IPO roadshow headlines lifted investor sentiment across the group. Virgin Galactic Surges 14%, Rocket Lab Gains 6% as SpaceX IPO Roadshow Fuels the Space Trade
• Positive Sentiment: Analysts and commentators pointed to Rocket Lab’s strong revenue growth, expanding margins, and large backlog as signs that the business is still executing well. Rocket Lab: Don't Hold Your Breath On Neutron
• Neutral Sentiment: Several articles focused on Rocket Lab being down from its 52-week high, framing the move as a normal pullback or consolidation rather than a clear change in fundamentals. Rocket Lab Is Down 24% From Its 52-Week High—Pullback or Problem?
• Negative Sentiment: Some coverage warned that Rocket Lab’s rally may be vulnerable to valuation pressure, with Neutron launch execution and reusability still important risks for investors. Rocket Lab Stock Soars 72% in Three Months: Can the Rise Continue?

Insider Transactions at Rocket Lab

In other news, insider Marvin Bradford Clevenger sold 3,500 shares of the business's stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $146.67, for a total value of $513,345.00. Following the completion of the sale, the insider directly owned 473,975 shares in the company, valued at approximately $69,517,913.25. The trade was a 0.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Alexander R. Slusky sold 60,000 shares of the business's stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $149.40, for a total transaction of $8,964,000.00. Following the completion of the sale, the director owned 374,675 shares of the company's stock, valued at approximately $55,976,445. The trade was a 13.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 445,515 shares of company stock worth $61,965,882. Corporate insiders own 8.40% of the company's stock.

Rocket Lab Trading Up 4.6%

Shares of RKLB opened at $119.95 on Friday. The firm has a market cap of $69.42 billion, a price-to-earnings ratio of -374.84 and a beta of 2.49. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.02 and a current ratio of 4.47. Rocket Lab Corporation has a fifty-two week low of $25.24 and a fifty-two week high of $151.00. The firm has a 50 day moving average price of $96.28 and a 200-day moving average price of $78.47.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The rocket manufacturer reported ($0.07) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.07). The firm had revenue of $200.35 million during the quarter, compared to analyst estimates of $189.65 million. Rocket Lab had a negative net margin of 26.87% and a negative return on equity of 11.72%. The business's quarterly revenue was up 63.4% on a year-over-year basis. During the same period in the previous year, the business posted ($0.12) EPS. As a group, equities research analysts forecast that Rocket Lab Corporation will post -0.29 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on RKLB shares. Zacks Research lowered shares of Rocket Lab from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 10th. Clear Str upgraded shares of Rocket Lab to a "strong-buy" rating in a research report on Wednesday, March 18th. Wells Fargo & Company started coverage on shares of Rocket Lab in a research report on Wednesday, April 1st. They issued an "equal weight" rating and a $60.00 price objective for the company. Wall Street Zen upgraded shares of Rocket Lab from a "sell" rating to a "hold" rating in a research report on Sunday, February 8th. Finally, Citizens Jmp raised their price objective on shares of Rocket Lab from $85.00 to $95.00 and gave the company a "market outperform" rating in a research report on Friday, May 8th. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $98.88.

Rocket Lab 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.

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