Lockheed Martin Investment Manage recently announced the acquisition of new stake in Terran Orbital Corporation (NYSE:LLAP). The institutional investor has increased its shareholding in the Industrials company by 2.09% to 13.48 million shares with purchase of 0.28 million shares. This fresh investment now brings its stake to 9.32% valued currently at $24.0 million. In addition, The Vanguard Group, Inc. raised its holdings by 2.54 million to 3.4 million shares. And BlackRock Fund Advisors has lifted its position by 12.55% or 0.3 million shares – to 2.66 million shares.
With over 2.88 million Terran Orbital Corporation (LLAP) shares trading Tuesday and a closing price of $1.56 on the day, the dollar volume was approximately $4.49 million. The shares have shown a negative half year performance of -41.57% and its price on 05/23/23 lost nearly -6.59%. Currently, there are 144.06M common shares owned by the public and among those 75.86M shares have been available to trade.
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The analysts have set the share’s price value over the next 12 months at a high of $12.00 and a low of $5.00. The average price target is 81.38% above its recent price level and an upside to the estimated low will see the stock gain 68.8% over that period. But an upside of 87.0% will see the stock hit the forecast high price target while median target price for the stock is $7.50.
Insiders at the company have transacted a total of 436 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 33 of these insider trades were purchases, accounting for 13,867,395 shares. Insider sales of the common stock occurred on 403 occasions, with total insider shares sold totaling 20,702,826 shares.
The top 3 mutual fund holders in Terran Orbital Corporation are Vanguard Total Stock Market ETF, Vanguard Extended Market Index Fu, and iShares Russell 2000 ETF. Vanguard Total Stock Market ETF owns 2.42 million shares of the company’s stock, all valued at over $4.31 million. Vanguard Extended Market Index Fu bought 91939.0 shares to see its total holdings expand to 0.87 million shares valued at over $1.55 million and representing 0.60% of the shares outstanding. iShares Russell 2000 ETF sold 12480.0 shares to bring its total holdings to over 0.86 million shares at a value of $1.52 million. iShares Russell 2000 ETF now owns shares totaling to 0.59% of the shares outstanding.
Shares of Terran Orbital Corporation (NYSE: LLAP) opened at $1.65, down -$0.02 from a prior closing price of $1.67. However, the script later moved the day high at 1.6800, down -6.59%. The company’s stock has a 5-day price change of 0.00% and -46.76% over the past three months. LLAP shares are trading -1.27% year to date (YTD), with the 12-month market performance down to -69.88% lower. It has a 12-month low price of $1.29 and touched a high of $6.68 over the same period. LLAP has an average intraday trading volume of 4.48 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -8.72%, -11.36%, and -33.55% respectively.
Institutional ownership of Terran Orbital Corporation (NYSE: LLAP) shares accounts for 41.30% of the company’s 144.06M shares outstanding. Mutual fund holders own 32.70%, while other institutional holders and individual stakeholders account for 5.49% and 24.44% respectively.
It has a market capitalization of $226.20M. The earnings-per-share (ttm) stands at -$1.03. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.90% over the week and 7.19% over the month.
Analysts forecast that Terran Orbital Corporation (LLAP) will achieve an EPS of -$0.17 for the current quarter, -$0.12 for the next quarter and -$0.08 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.21 while analysts give the company a high EPS estimate of -$0.14. Earnings per share for the fiscal year are expected to decrease by -26.80%, and 84.00% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 5 brokerage firm advisors rate Terran Orbital Corporation (LLAP) as a “Strong Buy” at a consensus score of 1.50. Specifically, 5 Wall Street analysts polled rate the stock as a buy, while 0 of the 5 advise that investors “hold,” and 0 rated it as a “Sell.”
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