Hennion & Walsh Asset Management Inc. lessened its position in shares of Intuitive Machines, Inc. (NASDAQ:LUNR – Free Report) by 36.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,950 shares of the company’s stock after selling 28,766 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Intuitive Machines were worth $1,068,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new position in shares of Intuitive Machines in the 4th quarter valued at about $28,000. State of Wyoming bought a new stake in shares of Intuitive Machines during the first quarter worth approximately $39,000. Larson Financial Group LLC raised its stake in shares of Intuitive Machines by 63.2% during the fourth quarter. Larson Financial Group LLC now owns 2,623 shares of the company’s stock worth $43,000 after buying an additional 1,016 shares during the last quarter. CWM LLC lifted its holdings in Intuitive Machines by 406.4% in the fourth quarter. CWM LLC now owns 2,912 shares of the company’s stock valued at $47,000 after buying an additional 2,337 shares during the period. Finally, Sunbelt Securities Inc. lifted its holdings in Intuitive Machines by 144.8% in the fourth quarter. Sunbelt Securities Inc. now owns 2,938 shares of the company’s stock valued at $48,000 after buying an additional 1,738 shares during the period. 72.21% of the stock is owned by institutional investors.
Key Headlines Impacting Intuitive Machines
Here are the key news stories impacting Intuitive Machines this week:
- Positive Sentiment: Second-quarter revenue increased roughly fourfold year over year to a record $206.2 million, reflecting stronger activity across the company’s space and defense businesses. Intuitive Machines Reports Second Quarter 2026 Financial Results
- Positive Sentiment: Quarter-end backlog expanded to a record $1.8 billion, supported by approximately $920 million of second-quarter awards. National-security revenue reached 30% of total revenue, while a commercial geostationary-orbit satellite contract worth more than $600 million added further visibility. Intuitive Machines Stock: $1.8B Backlog Surges
- Neutral Sentiment: Management maintained its 2026 revenue outlook, signaling continued confidence in contract execution, although investors remain focused on the company’s ability to convert its backlog into profitable revenue. Intuitive Machines Q2 2026 Earnings Call Transcript
- Negative Sentiment: Adjusted earnings came in at a loss of $0.16 per share, wider than analyst expectations for a loss of approximately $0.07–$0.09. A $14.7 million charge contributed to the shortfall and intensified concerns about near-term profitability. Intuitive Machines Reports Q2 Loss
- Negative Sentiment: Revenue also fell short of Wall Street forecasts, which ranged from roughly $216 million to $224 million. The miss overshadowed the headline growth and record backlog. Why LUNR Stock Is Declining
- Negative Sentiment: Director Kamal Seyed Ghaffarian sold 267,448 shares for approximately $4.3 million under a pre-arranged Rule 10b5-1 plan. While scheduled, the sale may add to investor caution following the earnings release. Intuitive Machines Director Share Sale
Intuitive Machines Trading Up 3.6%
Intuitive Machines (NASDAQ:LUNR – Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.20). The business had revenue of $206.17 million during the quarter, compared to analysts’ expectations of $216.33 million. Equities research analysts forecast that Intuitive Machines, Inc. will post -0.35 EPS for the current year.
Analyst Ratings Changes
A number of analysts have commented on the stock. B. Riley Financial reaffirmed a “buy” rating on shares of Intuitive Machines in a report on Wednesday, June 24th. Wall Street Zen upgraded Intuitive Machines from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 24th. KeyCorp upped their price objective on Intuitive Machines from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Stifel Nicolaus set a $26.00 target price on Intuitive Machines in a research note on Friday. Finally, Roth Capital set a $30.00 target price on Intuitive Machines in a report on Thursday. Seven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Intuitive Machines currently has an average rating of “Hold” and a consensus price target of $31.94.
Check Out Our Latest Report on Intuitive Machines
Insider Transactions at Intuitive Machines
In other Intuitive Machines news, major shareholder International L.P. Advent sold 11,495,514 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $12.84, for a total value of $147,602,399.76. Following the sale, the insider owned 11,495,514 shares in the company, valued at approximately $147,602,399.76. The trade was a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kamal Seyed Ghaffarian sold 267,448 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $16.17, for a total value of $4,324,634.16. Following the transaction, the director directly owned 3,494,768 shares of the company’s stock, valued at approximately $56,510,398.56. This trade represents a 7.11% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 12,546,222 shares of company stock valued at $173,386,975 in the last ninety days. Corporate insiders own 54.10% of the company’s stock.
Intuitive Machines Profile
Intuitive Machines is a Houston, Texas–based aerospace company specializing in commercial lunar exploration and services. The firm develops end-to-end solutions for robotic missions to the Moon, providing spacecraft design, mission management, navigation, communications, and data services under NASA’s Commercial Lunar Payload Services (CLPS) program.
Founded in 2013 by aerospace engineers Steve Altemus, Tim Crain and Kris Kimel, Intuitive Machines has grown from a small startup into one of the leading private entities pursuing lunar surface deliveries.
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