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

Redwire Corporation (NYSE:RDW) has been given a consensus rating of “Hold” by the eleven research firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $13.1250.

Several analysts have recently commented on the stock. Cantor Fitzgerald reduced their target price on shares of Redwire from $20.00 to $9.00 and set an “overweight” rating for the company in a research note on Wednesday, December 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Redwire in a report on Thursday. Roth Mkm reiterated a “buy” rating and set a $15.00 target price on shares of Redwire in a research report on Thursday, November 6th. Alliance Global Partners reissued a “buy” rating on shares of Redwire in a report on Thursday, November 6th. Finally, Zacks Research upgraded Redwire from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th.

Insider Activity at Redwire

In related news, CEO Peter Anthony Cannito, Jr. acquired 32,155 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The shares were purchased at an average price of $6.21 per share, with a total value of $199,682.55. Following the completion of the acquisition, the chief executive officer 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 document filed with the SEC, which is available through this hyperlink. Also, CAO Chris Edmunds bought 5,500 shares of the stock in a transaction on Friday, November 14th. The shares were bought at an average price of $5.46 per share, for a total transaction of $30,030.00. Following the completion of the transaction, the chief accounting officer directly owned 107,441 shares of the company’s stock, valued at $586,627.86. This trade represents a 5.40% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders acquired 56,065 shares of company stock valued at $330,047 and sold 23,953,093 shares valued at $252,001,857. 2.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Redwire

A number of institutional investors and hedge funds have recently modified their holdings of the company. AE Industrial Partners LP increased its stake in Redwire by 139.3% in the 2nd quarter. AE Industrial Partners LP now owns 85,496,745 shares of the company’s stock valued at $1,394,000 after purchasing an additional 49,765,262 shares in the last quarter. Voya Investment Management LLC acquired a new stake in Redwire in the third quarter valued at $20,372,000. Hood River Capital Management LLC purchased a new position in shares of Redwire in the second quarter valued at $36,206,000. Cooper Creek Partners Management LLC acquired a new position in shares of Redwire during the 2nd quarter worth $32,652,000. Finally, Two Sigma Investments LP boosted its position in shares of Redwire by 489.3% in the 3rd quarter. Two Sigma Investments LP now owns 1,049,292 shares of the company’s stock worth $9,433,000 after buying an additional 871,223 shares in the last quarter. Institutional investors and hedge funds own 8.10% of the company’s stock.

Redwire Stock Down 12.5%

Redwire stock opened at $10.95 on Tuesday. The stock has a 50 day moving average of $8.02 and a two-hundred day moving average of $9.31. Redwire has a twelve month low of $4.87 and a twelve month high of $26.66. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of -3.45 and a beta of 2.44. The company has a current ratio of 1.41, a quick ratio of 1.05 and a debt-to-equity ratio of 0.20.

Redwire (NYSE:RDW) last released its quarterly earnings results on Wednesday, November 5th. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.15). Redwire had a negative return on equity of 16.24% and a negative net margin of 70.32%.The company had revenue of $103.43 million for the quarter, compared to analysts’ expectations of $132.05 million. As a group, research analysts expect that Redwire will post -0.85 earnings per share for the current year.

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.