Jefferies Financial Group Has Lowered Expectations for Redwire (NYSE:RDW) Stock Price

Redwire (NYSE:RDW) had its price objective decreased by Jefferies Financial Group from $13.00 to $12.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s target price indicates a potential upside of 39.70% from the company’s current price.

Several other equities research analysts have also recently commented on RDW. Roth Mkm restated a “buy” rating and issued a $20.00 target price on shares of Redwire in a research note on Wednesday, January 28th. KeyCorp assumed coverage on shares of Redwire in a research report on Thursday, December 18th. They issued a “sector weight” rating on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Redwire in a research report on Thursday, January 22nd. HC Wainwright reissued a “buy” rating and set a $22.00 price target on shares of Redwire in a research report on Tuesday, December 23rd. Finally, Bank of America reduced their price objective on shares of Redwire from $9.00 to $6.00 and set an “underperform” rating for the company in a research note on Wednesday, November 19th. Seven research analysts have rated the stock with a Buy rating, two have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $13.67.

Redwire Stock Performance

RDW opened at $8.59 on Friday. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of -3.62 and a beta of 2.50. The business’s 50-day moving average price is $9.81 and its two-hundred day moving average price is $8.47. Redwire has a 1 year low of $4.87 and a 1 year high of $22.25. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 1.05.

Redwire (NYSE:RDW) last posted its quarterly earnings data on Wednesday, February 25th. The company reported ($0.35) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.19). The firm had revenue of $108.79 million for the quarter, compared to analyst estimates of $98.78 million. Redwire had a negative return on equity of 13.04% and a negative net margin of 67.55%. Equities analysts expect that Redwire will post -0.85 EPS for the current fiscal year.

Insider Activity at Redwire

In other news, Director Ae Red Holdings, Llc sold 12,656,683 shares of the business’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $10.51, for a total transaction of $133,021,738.33. Following the transaction, the director directly owned 61,541,253 shares in the company, valued at $646,798,569.03. The trade was a 17.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders have sold 40,400,346 shares of company stock valued at $453,127,301. Company insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On Redwire

Hedge funds have recently bought and sold shares of the company. AE Industrial Partners LP increased its position in Redwire by 139.3% during the second quarter. AE Industrial Partners LP now owns 85,496,745 shares of the company’s stock worth $1,394,000 after buying an additional 49,765,262 shares during the last quarter. Voya Investment Management LLC acquired a new stake in shares of Redwire in the third quarter valued at approximately $20,372,000. Hood River Capital Management LLC bought a new position in shares of Redwire during the 2nd quarter worth approximately $36,206,000. Cooper Creek Partners Management LLC acquired a new position in shares of Redwire during the 2nd quarter worth approximately $32,652,000. Finally, State Street Corp increased its holdings in shares of Redwire by 61.1% during the 4th quarter. State Street Corp now owns 4,708,600 shares of the company’s stock worth $35,785,000 after acquiring an additional 1,786,038 shares during the last quarter. 8.10% of the stock is currently owned by institutional investors and hedge funds.

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.