M&T Bank Corp Purchases 5,646 Shares of Rocket Lab Corporation $RKLB

M&T Bank Corp grew its position in shares of Rocket Lab Corporation (NASDAQ:RKLB) by 39.5% in the 4th quarter, HoldingsChannel reports. The fund owned 19,929 shares of the rocket manufacturer’s stock after buying an additional 5,646 shares during the period. M&T Bank Corp’s holdings in Rocket Lab were worth $1,391,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new stake in Rocket Lab during the third quarter worth $25,000. Hara Capital LLC bought a new stake in Rocket Lab during the third quarter worth $25,000. Aventura Private Wealth LLC bought a new stake in Rocket Lab during the fourth quarter worth $25,000. UMB Bank n.a. grew its holdings in Rocket Lab by 352.5% during the third quarter. UMB Bank n.a. now owns 543 shares of the rocket manufacturer’s stock worth $26,000 after buying an additional 423 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in Rocket Lab by 109.5% during the second quarter. EverSource Wealth Advisors LLC now owns 796 shares of the rocket manufacturer’s stock worth $28,000 after buying an additional 416 shares in the last quarter. Institutional investors own 71.78% of the company’s stock.

Insider Transactions at Rocket Lab

In other Rocket Lab news, Director Merline Saintil sold 18,126 shares of the company’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $75.04, for a total value of $1,360,175.04. Following the completion of the transaction, the director owned 261,903 shares in the company, valued at $19,653,201.12. This represents a 6.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Frank Klein sold 44,482 shares of the company’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $69.59, for a total value of $3,095,502.38. Following the completion of the transaction, the insider owned 1,125,005 shares of the company’s stock, valued at $78,289,097.95. This trade represents a 3.80% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 233,449 shares of company stock worth $16,487,233. Company insiders own 8.40% of the company’s stock.

Rocket Lab Stock Up 34.0%

Shares of NASDAQ:RKLB opened at $105.31 on Friday. The company has a market capitalization of $59.96 billion, a PE ratio of -329.09 and a beta of 2.30. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.08 and a quick ratio of 3.61. The business has a fifty day moving average price of $72.88 and a two-hundred day moving average price of $68.50. Rocket Lab Corporation has a 1 year low of $20.23 and a 1 year high of $105.62.

Rocket Lab (NASDAQ:RKLB) last announced its quarterly earnings data on Thursday, May 7th. The rocket manufacturer reported ($0.07) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.07). The firm had revenue of $200.35 million during the quarter, compared to the consensus estimate of $189.65 million. Rocket Lab had a negative return on equity of 14.18% and a negative net margin of 26.87%.The business’s revenue for the quarter was up 63.4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.12) EPS. Analysts forecast that Rocket Lab Corporation will post -0.22 earnings per share for the current year.

Key Headlines Impacting Rocket Lab

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

• Positive Sentiment: Rocket Lab posted record Q1 revenue of about $200.3 million, topping estimates and rising roughly 63% year over year, while EPS came in line with expectations. Rocket Lab Corporation (RKLB) Reports Q1 Loss, Beats Revenue Estimates
• Positive Sentiment: The company raised second-quarter revenue guidance to $225 million-$240 million, above Wall Street forecasts, signaling continued momentum into the rest of 2026. Rocket Lab Announces First Quarter 2026 Financial Results
• Positive Sentiment: Rocket Lab signed the largest launch contract in its history, including multiple Neutron and Electron missions for a confidential customer, which expands its backlog and improves revenue visibility. Rocket Lab’s Biggest Launch Deal Yet
• Positive Sentiment: Additional defense-related wins, including a $30 million HASTE hypersonic launch contract with Anduril and a Space Force demonstration with Raytheon, reinforce demand for Rocket Lab’s launch and space-systems capabilities. Rocket Lab Awarded $30 Million Contract for HASTE Hypersonic Rocket Launches for Anduril
• Positive Sentiment: Rocket Lab said it ended the quarter with a record backlog of about $2.2 billion, suggesting strong future demand and supporting the case that the company may move closer to profitability. Rocket Lab’s stock rises upon new signs its business is expanding rapidly
• Neutral Sentiment: Brokerage firms lifted price targets and one firm upgraded the stock, but several targets still sit below the current share price, making the analyst signal supportive but mixed. Benzinga analyst update

Analyst Ratings Changes

RKLB has been the subject of several recent research reports. The Goldman Sachs Group upped their price target on Rocket Lab from $47.00 to $69.00 and gave the stock a “neutral” rating in a report on Tuesday, January 20th. Wells Fargo & Company initiated coverage on Rocket Lab in a report on Wednesday, April 1st. They set an “equal weight” rating and a $60.00 price target for the company. Needham & Company LLC decreased their price target on Rocket Lab from $110.00 to $95.00 and set a “buy” rating for the company in a report on Friday, February 27th. Morgan Stanley upgraded Rocket Lab from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $67.00 to $105.00 in a report on Friday, January 16th. Finally, Roth Mkm upped their price target on Rocket Lab from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $90.00.

About Rocket Lab

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.