Hennion & Walsh Asset Management Inc. Trims Holdings in Rocket Lab Corporation $RKLB

Hennion & Walsh Asset Management Inc. lowered its stake in Rocket Lab Corporation (NASDAQ:RKLB) by 45.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 72,382 shares of the rocket manufacturer’s stock after selling 59,132 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Rocket Lab were worth $5,049,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in RKLB. Vanguard Group Inc. boosted its stake in Rocket Lab by 5.4% during the third quarter. Vanguard Group Inc. now owns 41,809,723 shares of the rocket manufacturer’s stock valued at $2,003,104,000 after buying an additional 2,127,565 shares during the period. Capital World Investors increased its stake in Rocket Lab by 9.4% in the 3rd quarter. Capital World Investors now owns 14,462,103 shares of the rocket manufacturer’s stock worth $692,879,000 after acquiring an additional 1,242,547 shares during the last quarter. State Street Corp raised its holdings in shares of Rocket Lab by 13.6% in the 3rd quarter. State Street Corp now owns 12,399,571 shares of the rocket manufacturer’s stock valued at $594,063,000 after acquiring an additional 1,487,237 shares in the last quarter. Baillie Gifford & Co. raised its holdings in shares of Rocket Lab by 176.1% in the 3rd quarter. Baillie Gifford & Co. now owns 12,125,910 shares of the rocket manufacturer’s stock valued at $580,952,000 after acquiring an additional 7,734,788 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Rocket Lab by 67.0% during the 2nd quarter. Invesco Ltd. now owns 6,242,304 shares of the rocket manufacturer’s stock valued at $223,287,000 after acquiring an additional 2,504,054 shares during the last quarter. Hedge funds and other institutional investors own 71.78% of the company’s stock.

Rocket Lab Price Performance

Shares of Rocket Lab stock opened at $57.38 on Tuesday. The business has a 50 day moving average of $73.14 and a 200 day moving average of $64.73. Rocket Lab Corporation has a 52 week low of $14.71 and a 52 week high of $99.58. The company has a market cap of $32.56 billion, a PE ratio of -155.08 and a beta of 2.20. The company has a quick ratio of 3.61, a current ratio of 4.08 and a debt-to-equity ratio of 0.10.

Wall Street Analyst Weigh In

RKLB has been the subject of a number of research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Rocket Lab in a research note on Thursday, January 22nd. Morgan Stanley upgraded shares of Rocket Lab from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $67.00 to $105.00 in a research report on Friday, January 16th. Citizens Jmp reaffirmed a “market perform” rating on shares of Rocket Lab in a report on Friday, February 27th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $85.00 target price on shares of Rocket Lab in a research report on Friday, March 13th. Finally, Wall Street Zen upgraded Rocket Lab from a “sell” rating to a “hold” rating in a research report on Sunday, February 8th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $75.92.

More Rocket Lab News

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

• Positive Sentiment: Regulatory approval to acquire Mynaric — Rocket Lab won approval to buy Mynaric, bringing laser optical communications terminals in‑house. The deal strengthens Rocket Lab’s space‑systems stack for government and commercial customers and could accelerate wins in secure, high‑bandwidth links. Rocket Lab Receives Regulatory Approval to Acquire Mynaric
• Positive Sentiment: $190M HASTE DoD contract expands backlog — Rocket Lab secured its largest single launch contract (HASTE) worth ~$190M, boosting defense revenue visibility and adding to a multi‑billion dollar launch backlog. That contract underpins near‑term cash flows from government customers. Rocket Lab Corporation (RKLB) Secures Second Largest $190M HASTE DoD Contract
• Positive Sentiment: Operational momentum — Rocket Lab completed its 85th launch and its first dedicated European Space Agency (ESA) mission, demonstrating repeatability and adding ESA to its agency roster. The successful Electron flight supports claims of precision for constellation and agency customers. Rocket Lab achieves its 85th launch with first dedicated ESA mission
• Neutral Sentiment: Long‑term valuation debate continues — Analysis argues Rocket Lab’s current ~$35B+ valuation is hard to justify on near‑term metrics but could make sense when modeled to 2035 if Neutron and services scale; this frames investor focus on timeline and execution risk. Rocket Lab’s $35 Billion Valuation Makes Little Sense – Until You Look at 2035
• Neutral Sentiment: Analyst/opinion pieces mixed — Several media pieces urge caution on space stocks generally and compare Rocket Lab to peers (AST, Redwire), reflecting divergence among investors over growth vs. near‑term profitability. The Space Sector Is Surging. Should You Buy AST SpaceMobile and Rocket Lab?
• Negative Sentiment: CEO slashes pay and forfeits equity awards — Leadership disclosed pay reductions and forfeited awards, a governance development that may concern some investors about management stability or regulatory/board pressure. Rocket Lab CEO Slashes Pay, Forfeits Equity Awards
• Negative Sentiment: Renewed valuation risk warnings — Some commentary highlights that new agency wins and launches don’t eliminate valuation risk; investors are reminded that expectations for Neutron and long‑term services growth must materialize to justify current multiples. Rocket Lab’s First ESA Launch Highlights Growing Agency Demand And Valuation Risk

Insider Buying and Selling

In related news, CFO Adam C. Spice sold 62,744 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $69.59, for a total transaction of $4,366,354.96. Following the completion of the transaction, the chief financial officer owned 1,296,824 shares of the company’s stock, valued at $90,245,982.16. This trade represents a 4.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Arjun Kampani sold 23,711 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $71.95, for a total value of $1,706,006.45. Following the transaction, the senior vice president owned 397,988 shares of the company’s stock, valued at $28,635,236.60. The trade was a 5.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,807,614 shares of company stock valued at $136,326,621 over the last 90 days. 11.90% of the stock is currently owned by company insiders.

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.