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

Shares of Redwire Corporation (NYSE:RDW) have been assigned an average rating of “Hold” from the eleven brokerages that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $12.50.

Several equities analysts recently weighed in on the company. Zacks Research upgraded Redwire from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. KeyCorp initiated coverage on Redwire in a research report on Thursday, December 18th. They issued a “sector weight” rating for the company. Roth Capital reaffirmed a “buy” rating and set a $15.00 target price on shares of Redwire in a research note on Thursday, November 6th. Cantor Fitzgerald dropped their price target 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, Truist Financial reduced their price objective on shares of Redwire from $11.00 to $8.00 and set a “hold” rating for the company in a research report on Friday, November 7th.

Insider Buying and Selling

In other news, EVP Aaron Michael Futch bought 18,410 shares of the firm’s stock in a transaction dated Friday, November 14th. The shares were acquired 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 directly owned 88,704 shares in the company, valued at $483,436.80. The trade was a 26.19% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Chris Edmunds purchased 5,500 shares of the stock in a transaction dated Friday, November 14th. The stock was purchased at an average cost of $5.46 per share, for a total transaction of $30,030.00. Following the completion of the purchase, the chief accounting officer directly owned 107,441 shares of the company’s stock, valued at approximately $586,627.86. The trade was a 5.40% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have bought 56,065 shares of company stock worth $330,047. Insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RDW. Goldman Sachs Group Inc. boosted its holdings in shares of Redwire by 352.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 355,265 shares of the company’s stock worth $2,945,000 after purchasing an additional 276,814 shares during the last quarter. AE Industrial Partners LP lifted 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 in the last quarter. Canal Insurance CO purchased a new position in Redwire during the second quarter worth approximately $3,260,000. Voya Investment Management LLC acquired a new position in Redwire during the third quarter worth $20,372,000. Finally, Geode Capital Management LLC grew its holdings in Redwire by 77.1% in the 2nd quarter. Geode Capital Management LLC now owns 935,297 shares of the company’s stock valued at $15,248,000 after buying an additional 407,131 shares in the last quarter. Hedge funds and other institutional investors own 8.10% of the company’s stock.

Redwire Stock Down 4.0%

RDW stock opened at $7.62 on Friday. Redwire has a one year low of $4.87 and a one year high of $26.66. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.05 and a current ratio of 1.41. The firm’s fifty day moving average is $6.68 and its 200 day moving average is $10.05. The firm has a market cap of $1.26 billion, a PE ratio of -2.40 and a beta of 2.44.

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.