Brokerages Set Redwire Corporation (NYSE:RDW) Price Target at $13.89

Shares of Redwire Corporation (NYSE:RDW) have earned an average recommendation of “Moderate Buy” from the twelve brokerages that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $13.8889.

Several equities analysts have commented on RDW shares. KeyCorp began coverage on shares of Redwire in a report on Thursday, December 18th. They issued a “sector weight” rating on the stock. Zacks Research raised shares of Redwire from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 11th. Jefferies Financial Group reduced their price target on shares of Redwire from $13.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, March 6th. Cantor Fitzgerald decreased their price objective on shares of Redwire from $20.00 to $9.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 10th. Finally, HC Wainwright restated a “buy” rating and set a $22.00 price objective on shares of Redwire in a research report on Tuesday, December 23rd.

Redwire Price Performance

Shares of NYSE RDW opened at $9.22 on Wednesday. The business has a fifty day moving average price of $9.90 and a two-hundred day moving average price of $8.52. The stock has a market capitalization of $1.52 billion, a PE ratio of -3.89 and a beta of 2.50. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.62 and a quick ratio of 1.27. Redwire has a fifty-two week low of $4.87 and a fifty-two week high of $22.25.

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

Insider Activity at Redwire

In related news, Director Ae Red Holdings, Llc sold 12,656,683 shares of the company’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $10.51, for a total transaction of $133,021,738.33. Following the completion of the sale, the director directly owned 61,541,253 shares in the company, valued at $646,798,569.03. This represents a 17.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders sold 41,587,273 shares of company stock worth $465,103,017. 2.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of RDW. Sunbelt Securities Inc. lifted its holdings in shares of Redwire by 601.1% in the fourth quarter. Sunbelt Securities Inc. now owns 3,961 shares of the company’s stock worth $30,000 after acquiring an additional 3,396 shares during the last quarter. CWM LLC grew its holdings in shares of Redwire by 1,725.0% during the 4th quarter. CWM LLC now owns 4,088 shares of the company’s stock valued at $31,000 after purchasing an additional 3,864 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in Redwire by 1,054.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,016 shares of the company’s stock worth $31,000 after purchasing an additional 3,668 shares in the last quarter. Abich Financial Wealth Management LLC bought a new position in Redwire in the 3rd quarter valued at approximately $41,000. Finally, Russell Investments Group Ltd. lifted its stake in Redwire by 308.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,862 shares of the company’s stock valued at $44,000 after purchasing an additional 3,672 shares during the last quarter. Institutional investors and hedge funds 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.