Redwire Corporation (NYSE:RDW) Receives Average Recommendation of “Hold” from Analysts

Shares of Redwire Corporation (NYSE:RDW) have received an average recommendation of “Hold” from the eleven ratings firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $12.50.

Several brokerages have weighed in on RDW. HC Wainwright reissued a “buy” rating and issued a $22.00 price target on shares of Redwire in a report on Tuesday, December 23rd. Truist Financial lowered their target price on shares of Redwire from $11.00 to $8.00 and set a “hold” rating for the company in a research note on Friday, November 7th. Cantor Fitzgerald dropped their target price on shares of Redwire from $20.00 to $9.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Redwire in a report on Wednesday, October 8th. Finally, Roth Capital reissued a “buy” rating and set a $15.00 price objective on shares of Redwire in a report on Thursday, November 6th.

Redwire Stock Down 4.0%

Redwire stock opened at $7.62 on Friday. Redwire has a 1-year low of $4.87 and a 1-year high of $26.66. The business has a fifty day moving average price of $6.68 and a 200-day moving average price of $10.05. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.05. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of -2.40 and a beta of 2.44.

Insider Buying and Selling at Redwire

In other news, CEO Peter Anthony Cannito, Jr. bought 32,155 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The shares were purchased at an average price of $6.21 per share, for a total transaction of $199,682.55. Following the completion of the transaction, the chief executive officer directly owned 526,728 shares in the company, valued at approximately $3,270,980.88. This represents a 6.50% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Chris Edmunds purchased 5,500 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The stock was acquired at an average price of $5.46 per share, for a total transaction of $30,030.00. Following the acquisition, the chief accounting officer owned 107,441 shares in the company, valued at $586,627.86. This trade represents a 5.40% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have bought 56,065 shares of company stock worth $330,047. 2.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC boosted its holdings in Redwire by 125.0% in the first quarter. AQR Capital Management LLC now owns 51,437 shares of the company’s stock valued at $426,000 after purchasing an additional 28,576 shares during the last quarter. Sender Co & Partners Inc. purchased a new stake in shares of Redwire in the first quarter worth about $230,000. Goldman Sachs Group Inc. grew its holdings in Redwire by 352.8% during the first quarter. Goldman Sachs Group Inc. now owns 355,265 shares of the company’s stock worth $2,945,000 after acquiring an additional 276,814 shares during the period. Bluefin Capital Management LLC purchased a new position in Redwire during the first quarter valued at approximately $167,000. Finally, Strs Ohio acquired a new position in Redwire in the first quarter valued at approximately $69,000. Hedge funds and other institutional investors own 8.10% of the company’s stock.

About Redwire

Redwire Corporation is a space infrastructure company specializing in the design, engineering and manufacturing of mission-critical hardware and software for the spaceflight industry. The company’s offerings include deployable structures, solar power systems, radio frequency antennas, advanced composites and transparent optics. Redwire serves a broad customer base that spans civil space agencies, national defense organizations and commercial satellite operators, helping enable missions ranging from communications and Earth observation to deep-space exploration.

Formed through the strategic combination of several specialized space technology firms, Redwire’s portfolio encompasses both flight-proven hardware and cutting-edge in-space manufacturing capabilities.