Torray Investment Partners LLC Makes New $322,000 Investment in Rocket Lab Corporation $RKLB

Torray Investment Partners LLC purchased a new position in shares of Rocket Lab Corporation (NASDAQ:RKLB) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,000 shares of the rocket manufacturer’s stock, valued at approximately $322,000.

Several other large investors have also recently made changes to their positions in RKLB. Cambridge Investment Research Advisors Inc. raised its stake in shares of Rocket Lab by 52.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 58,652 shares of the rocket manufacturer’s stock worth $1,049,000 after acquiring an additional 20,076 shares in the last quarter. Vontobel Holding Ltd. raised its stake in shares of Rocket Lab by 54.1% during the first quarter. Vontobel Holding Ltd. now owns 23,364 shares of the rocket manufacturer’s stock worth $418,000 after acquiring an additional 8,200 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in shares of Rocket Lab during the first quarter worth approximately $878,000. Principal Financial Group Inc. raised its stake in shares of Rocket Lab by 475.7% during the first quarter. Principal Financial Group Inc. now owns 171,337 shares of the rocket manufacturer’s stock worth $3,064,000 after acquiring an additional 141,577 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of Rocket Lab by 8.0% during the first quarter. Envestnet Asset Management Inc. now owns 23,496 shares of the rocket manufacturer’s stock worth $420,000 after acquiring an additional 1,749 shares in the last quarter. 71.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RKLB has been the topic of several research reports. Citigroup reissued a “buy” rating and set a $50.00 price target (up from $33.00) on shares of Rocket Lab in a research note on Monday, July 14th. Baird R W raised shares of Rocket Lab to a “strong-buy” rating in a research note on Thursday, October 16th. Needham & Company LLC reaffirmed a “buy” rating and issued a $55.00 target price on shares of Rocket Lab in a research note on Wednesday, September 3rd. KeyCorp lifted their target price on shares of Rocket Lab from $50.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday, October 17th. Finally, Stifel Nicolaus lifted their target price on shares of Rocket Lab from $34.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $51.75.

Insiders Place Their Bets

In related news, CFO Adam C. Spice sold 874,588 shares of Rocket Lab stock in a transaction on Friday, September 19th. The shares were sold at an average price of $48.01, for a total value of $41,988,969.88. Following the sale, the chief financial officer owned 2,057,889 shares in the company, valued at $98,799,250.89. The trade was a 29.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Arjun Kampani sold 9,416 shares of Rocket Lab stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $47.70, for a total transaction of $449,143.20. Following the completion of the sale, the senior vice president owned 489,629 shares in the company, valued at approximately $23,355,303.30. This trade represents a 1.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 5,406,361 shares of company stock valued at $267,483,973 over the last quarter. 11.90% of the stock is owned by company insiders.

Rocket Lab Stock Up 3.4%

Shares of NASDAQ RKLB opened at $62.98 on Monday. The company has a quick ratio of 2.33, a current ratio of 2.67 and a debt-to-equity ratio of 0.60. Rocket Lab Corporation has a 52 week low of $10.29 and a 52 week high of $73.97. The firm’s fifty day moving average is $54.88 and its 200 day moving average is $40.85. The company has a market cap of $30.48 billion, a price-to-earnings ratio of -139.96 and a beta of 2.16.

Rocket Lab (NASDAQ:RKLB) last released its quarterly earnings results on Thursday, August 7th. The rocket manufacturer reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.06). The company had revenue of $144.50 million during the quarter, compared to the consensus estimate of $135.42 million. Rocket Lab had a negative net margin of 45.87% and a negative return on equity of 48.14%. The business’s revenue was up 35.9% on a year-over-year basis. During the same quarter last year, the firm earned ($0.08) EPS. Rocket Lab has set its Q3 2025 guidance at EPS. On average, equities research analysts expect that Rocket Lab Corporation will post -0.38 earnings per share for the current year.

Rocket Lab Company Profile

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.