Redwire (NYSE:RDW) Given Buy Rating at HC Wainwright

HC Wainwright reiterated their buy rating on shares of Redwire (NYSE:RDW) in a report published on Tuesday,Benzinga reports. HC Wainwright currently has a $26.00 price objective on the stock.

RDW has been the subject of several other research reports. Wall Street Zen cut shares of Redwire from a “hold” rating to a “sell” rating in a report on Saturday, June 14th. Cantor Fitzgerald restated an “overweight” rating and issued a $28.00 price objective on shares of Redwire in a report on Tuesday, March 11th. Alliance Global Partners reiterated a “buy” rating on shares of Redwire in a report on Monday, May 12th. Finally, B. Riley reduced their price target on Redwire from $27.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Redwire has a consensus rating of “Moderate Buy” and an average price target of $20.05.

Redwire Stock Up 7.6%

Shares of NYSE RDW opened at $16.53 on Tuesday. Redwire has a twelve month low of $4.87 and a twelve month high of $26.66. The company’s fifty day moving average is $13.70 and its 200-day moving average is $14.60. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of -7.31 and a beta of 2.53.

Redwire (NYSE:RDW) last released its quarterly earnings data on Monday, May 12th. The company reported ($0.20) earnings per share for the quarter, meeting the consensus estimate of ($0.20). The business had revenue of $61.40 million for the quarter, compared to the consensus estimate of $74.54 million. On average, research analysts anticipate that Redwire will post -0.85 EPS for the current fiscal year.

Hedge Funds Weigh In On Redwire

A number of hedge funds have recently bought and sold shares of RDW. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Redwire by 4.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,876 shares of the company’s stock worth $212,000 after buying an additional 532 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Redwire by 7.8% during the fourth quarter. JPMorgan Chase & Co. now owns 10,854 shares of the company’s stock worth $179,000 after purchasing an additional 782 shares during the last quarter. Summit Investment Advisors Inc. boosted its holdings in shares of Redwire by 64.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,382 shares of the company’s stock valued at $39,000 after purchasing an additional 931 shares in the last quarter. Gabelli Funds LLC boosted its stake in shares of Redwire by 7.4% in the 1st quarter. Gabelli Funds LLC now owns 18,871 shares of the company’s stock valued at $156,000 after purchasing an additional 1,300 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in shares of Redwire by 45.7% during the 4th quarter. Jones Financial Companies Lllp now owns 4,372 shares of the company’s stock valued at $72,000 after purchasing an additional 1,372 shares during the last quarter. 8.10% of the stock is owned by institutional investors.

About Redwire

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.