Redwire Corporation (NYSE:RDW) Receives $14.25 Average Price Target from Brokerages

Redwire Corporation (NYSE:RDW) has been assigned a consensus rating of “Hold” from the ten analysts that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $14.25.

A number of analysts have weighed in on RDW shares. HC Wainwright reaffirmed a “buy” rating and issued a $22.00 price target (down previously from $26.00) on shares of Redwire in a research report on Friday, August 8th. B. Riley cut their price objective on Redwire from $25.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, August 8th. Canaccord Genuity Group decreased their target price on Redwire from $17.50 to $11.00 and set a “buy” rating for the company in a research report on Wednesday. Roth Capital reiterated a “buy” rating and set a $15.00 price target on shares of Redwire in a report on Thursday, November 6th. Finally, Bank of America dropped their price target on shares of Redwire from $10.00 to $9.00 and set an “underperform” rating on the stock in a research report on Friday, October 10th.

Redwire Stock Down 2.8%

RDW stock opened at $5.41 on Thursday. The firm has a market cap of $892.64 million, a PE ratio of -1.71 and a beta of 2.45. Redwire has a 1 year low of $5.31 and a 1 year high of $26.66. The company has a fifty day simple moving average of $8.27 and a 200 day simple moving average of $11.80. The company has a current ratio of 1.41, a quick ratio of 1.11 and a debt-to-equity ratio of 0.20.

Insider Activity at Redwire

In related news, major shareholder Bain Capital Credit Member, Ll sold 11,000,000 shares of the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $7.83, for a total value of $86,130,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Aaron Michael Futch acquired 18,410 shares of the stock in a transaction dated Friday, November 14th. The shares were purchased at an average price of $5.45 per share, for a total transaction of $100,334.50. Following the completion of the transaction, the executive vice president owned 88,704 shares of the company’s stock, valued at $483,436.80. This trade represents a 26.19% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 56,065 shares of company stock valued at $330,047 in the last 90 days. 2.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Redwire

Institutional investors have recently bought and sold shares of the business. Ameritas Advisory Services LLC acquired a new stake in Redwire in the 2nd quarter valued at about $54,000. Abich Financial Wealth Management LLC bought a new position in Redwire in the 3rd quarter worth approximately $41,000. Russell Investments Group Ltd. lifted its holdings in Redwire by 308.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,862 shares of the company’s stock worth $44,000 after buying an additional 3,672 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Redwire in the 1st quarter valued at $42,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Redwire by 32.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,279 shares of the company’s stock valued at $102,000 after buying an additional 1,533 shares during the period. Institutional investors own 8.10% of the company’s stock.

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.