Redwire Co. (NYSE:RDW) Shares Sold by Invesco Ltd.

Invesco Ltd. lowered its holdings in shares of Redwire Co. (NYSE:RDW) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 580,489 shares of the company’s stock after selling 12,078 shares during the period. Invesco Ltd. owned about 0.87% of Redwire worth $9,555,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. JPMorgan Chase & Co. lifted its stake in Redwire by 7.8% in the 4th quarter. JPMorgan Chase & Co. now owns 10,854 shares of the company’s stock valued at $179,000 after buying an additional 782 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Redwire by 45.7% in the fourth quarter. Jones Financial Companies Lllp now owns 4,372 shares of the company’s stock worth $72,000 after acquiring an additional 1,372 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Redwire by 4.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 65,641 shares of the company’s stock valued at $1,080,000 after acquiring an additional 2,533 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Redwire by 6.9% during the fourth quarter. Bank of New York Mellon Corp now owns 52,170 shares of the company’s stock valued at $859,000 after acquiring an additional 3,357 shares during the last quarter. Finally, Summit Securities Group LLC purchased a new stake in Redwire during the 4th quarter worth about $63,000. 8.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Redwire

In other Redwire news, major shareholder Park Lp Genesis II sold 50,000 shares of Redwire stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $23.20, for a total transaction of $1,160,000.00. Following the transaction, the insider now directly owns 3,754,041 shares of the company’s stock, valued at $87,093,751.20. The trade was a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders sold 166,798 shares of company stock valued at $3,827,641. Company insiders own 2.60% of the company’s stock.

Redwire Stock Up 7.6 %

RDW stock opened at $10.15 on Thursday. The company has a market cap of $767.07 million, a price-to-earnings ratio of -8.39 and a beta of 2.51. The business has a fifty day simple moving average of $11.72 and a 200-day simple moving average of $13.29. Redwire Co. has a 52 week low of $3.72 and a 52 week high of $26.66.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. HC Wainwright reaffirmed a “buy” rating and set a $26.00 price target on shares of Redwire in a research note on Wednesday, March 12th. Alliance Global Partners reaffirmed a “buy” rating on shares of Redwire in a research note on Tuesday, March 11th. B. Riley cut their price target on Redwire from $27.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, March 12th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $28.00 price objective on shares of Redwire in a report on Tuesday, March 11th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Redwire presently has an average rating of “Moderate Buy” and an average price target of $17.71.

Redwire Company Profile

Redwire Corporation provides critical space solutions and space infrastructure for government and commercial customers in the United States, Europe, and internationally. The company provides avionics and sensors including star trackers, sun sensors, critical for navigation, and control of spacecraft; camera systems; solar array solutions for spacecraft spanning the spectrum of size, power needs, and orbital location; and strain composite booms, coilable booms, truss structures, telescope baffles, and deployable booms to position sensors or solar arrays away from the spacecraft.