Wells Fargo & Company MN Has $269,000 Holdings in Redwire Co. (NYSE:RDW)

Wells Fargo & Company MN grew its holdings in Redwire Co. (NYSE:RDW) by 43.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,326 shares of the company’s stock after buying an additional 4,939 shares during the period. Wells Fargo & Company MN’s holdings in Redwire were worth $269,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several analysts recently issued reports on RDW shares. Cantor Fitzgerald restated an “overweight” rating and issued a $28.00 price target on shares of Redwire in a research note on Tuesday, March 11th. HC Wainwright reissued a “buy” rating and issued a $26.00 target price on shares of Redwire in a research report on Wednesday, March 12th. B. Riley lowered their price target on shares of Redwire from $27.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 12th. Finally, Alliance Global Partners reiterated a “buy” rating on shares of Redwire in a research note on Tuesday, March 11th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $17.71.

Redwire Stock Performance

RDW opened at $11.36 on Wednesday. The firm has a market cap of $858.81 million, a P/E ratio of -9.39 and a beta of 2.46. The business’s fifty day moving average is $10.43 and its 200-day moving average is $13.54. Redwire Co. has a 52-week low of $3.98 and a 52-week high of $26.66.

Insiders Place Their Bets

In other news, major shareholder Park Lp Genesis II sold 6,683 shares of Redwire stock in a transaction on Friday, February 7th. The stock was sold at an average price of $22.56, for a total value of $150,768.48. Following the transaction, the insider now owns 3,704,664 shares in the company, valued at approximately $83,577,219.84. This trade represents a 0.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.60% of the company’s stock.

Redwire 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.