Bridgewater Advisors Inc. Increases Stake in Rocket Companies, Inc. $RKT

Bridgewater Advisors Inc. boosted its holdings in shares of Rocket Companies, Inc. (NYSE:RKT) by 19.0% during the first quarter, Holdings Channel.com reports. The institutional investor owned 286,808 shares of the company’s stock after buying an additional 45,806 shares during the period. Bridgewater Advisors Inc.’s holdings in Rocket Companies were worth $3,874,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. ORG Partners LLC increased its position in shares of Rocket Companies by 22.3% during the fourth quarter. ORG Partners LLC now owns 2,857 shares of the company’s stock worth $55,000 after acquiring an additional 520 shares during the period. Manchester Capital Management LLC boosted its holdings in Rocket Companies by 0.5% in the fourth quarter. Manchester Capital Management LLC now owns 116,466 shares of the company’s stock valued at $2,255,000 after purchasing an additional 618 shares during the period. Composition Wealth LLC grew its stake in Rocket Companies by 2.7% during the 4th quarter. Composition Wealth LLC now owns 25,323 shares of the company’s stock worth $490,000 after purchasing an additional 668 shares in the last quarter. Parallel Advisors LLC grew its stake in Rocket Companies by 26.1% during the 3rd quarter. Parallel Advisors LLC now owns 3,267 shares of the company’s stock worth $63,000 after purchasing an additional 677 shares in the last quarter. Finally, Red Door Wealth Management LLC increased its holdings in Rocket Companies by 6.7% during the 1st quarter. Red Door Wealth Management LLC now owns 11,138 shares of the company’s stock worth $159,000 after purchasing an additional 698 shares during the period. Hedge funds and other institutional investors own 4.59% of the company’s stock.

More Rocket Companies News

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

• Positive Sentiment: Rocket Companies said it will report second-quarter 2026 results on August 6 and hold a conference call afterward, keeping the focus on a near-term catalyst that could move the shares. Rocket Companies to Announce Second Quarter 2026 Results on August 6, 2026
• Positive Sentiment: Analysts expect earnings to grow versus last year, which supports optimism that the company may show continued improvement in profitability and revenue trends. Rocket Companies (RKT) Earnings Expected to Grow: What to Know Ahead of Q2 Release
• Neutral Sentiment: Redfin, which is powered by Rocket, reported that U.S. pending home sales fell to a three-month low, a reminder that the housing market remains uneven and could affect mortgage demand. Redfin Reports Pending Home Sales Fall to 3-Month Low
• Neutral Sentiment: Another Redfin update noted San Francisco home prices have rebounded sharply from the housing crash bottom, highlighting strength in some regional housing markets but not necessarily a broad immediate boost for Rocket. From Bust to Boom: San Francisco Home Prices Are Now $1 Million Higher Than Housing-Crash Bottom
• Negative Sentiment: Zacks said Rocket may not have the right setup for an earnings beat, which could temper enthusiasm ahead of the report if expectations are too high. Rocket Companies (RKT) Earnings Expected to Grow: What to Know Ahead of Q2 Release

Rocket Companies Stock Up 2.4%

Shares of NYSE:RKT opened at $13.09 on Friday. The firm has a 50 day simple moving average of $14.04 and a 200-day simple moving average of $16.08. Rocket Companies, Inc. has a twelve month low of $12.17 and a twelve month high of $24.36. The company has a current ratio of 4.37, a quick ratio of 4.37 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $37.02 billion, a PE ratio of 261.70 and a beta of 2.16.

Rocket Companies (NYSE:RKT) last posted its earnings results on Thursday, May 7th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. Rocket Companies had a net margin of 2.78% and a return on equity of 4.30%. The firm had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same period last year, the firm posted $0.04 EPS. The company’s revenue was up 167.1% on a year-over-year basis. On average, equities analysts predict that Rocket Companies, Inc. will post 0.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on RKT shares. Royal Bank Of Canada reissued a “sector perform” rating and issued a $20.00 price objective on shares of Rocket Companies in a research report on Monday, May 11th. Stephens assumed coverage on shares of Rocket Companies in a research note on Thursday, April 23rd. They set an “overweight” rating and a $22.50 target price for the company. Wells Fargo & Company cut their price target on Rocket Companies from $19.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 9th. Benchmark began coverage on Rocket Companies in a research report on Monday, June 29th. They set a “buy” rating and a $21.00 price objective for the company. Finally, Weiss Ratings upgraded Rocket Companies from a “sell (d)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, Rocket Companies currently has a consensus rating of “Moderate Buy” and an average price target of $20.73.

About Rocket Companies

Rocket Companies, Inc is a Detroit-based holding company whose businesses are centered on digital mortgage origination and related consumer finance and real estate services. The company grew out of the Quicken Loans franchise and completed an initial public offering in 2020. Founder Dan Gilbert remains a prominent figure associated with the firm, which operates a suite of brands that aim to simplify the home financing and buying experience through technology and scale.

The company’s core activity is mortgage lending through its Rocket Mortgage platform, which offers online application, underwriting and servicing for home purchase and refinance loans.