Redwire Corporation (NYSE:RDW) Given Average Rating of “Hold” by Brokerages

Shares of Redwire Corporation (NYSE:RDW) have been given a consensus recommendation of “Hold” by the eleven analysts that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $13.75.

A number of equities analysts recently weighed in on RDW shares. KeyCorp began coverage on shares of Redwire in a research report on Thursday, December 18th. They set a “sector weight” rating for the company. Truist Financial set a $13.00 price target on Redwire in a research report on Friday, January 9th. Alliance Global Partners reiterated a “buy” rating on shares of Redwire in a report on Thursday, November 6th. Zacks Research lowered Redwire from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 10th. Finally, iA Financial set a $9.00 target price on Redwire in a report on Thursday, November 6th.

Redwire Trading Down 7.1%

NYSE RDW opened at $7.99 on Friday. 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 $1.32 billion, a P/E ratio of -2.52 and a beta of 2.45. The firm’s 50-day moving average is $9.52 and its two-hundred day moving average is $8.56. Redwire has a 12 month low of $4.87 and a 12 month high of $22.25.

Insider Activity at Redwire

In related news, Director Ae Red Holdings, Llc sold 12,656,683 shares of Redwire stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $10.51, for a total value of $133,021,738.33. Following the completion of the transaction, the director owned 61,541,253 shares in the company, valued at approximately $646,798,569.03. The trade was a 17.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 40,400,346 shares of company stock valued at $453,127,301 over the last ninety days. Company insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On Redwire

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. increased its position in shares of Redwire by 601.1% during 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 period. CWM LLC boosted its holdings in Redwire by 1,725.0% in the fourth 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 period. Abich Financial Wealth Management LLC purchased a new position in Redwire in the third quarter valued at $41,000. Russell Investments Group Ltd. grew its stake 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 purchasing an additional 3,672 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its holdings in Redwire by 440.4% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 6,620 shares of the company’s stock worth $60,000 after purchasing an additional 5,395 shares during the period. 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.