Redwire Corporation (NYSE:RDW) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Redwire Corporation (NYSE:RDW) have been given an average recommendation of “Moderate Buy” by the twelve brokerages that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $15.4444.

RDW has been the topic of a number of research analyst reports. Canaccord Genuity Group upped their price target on shares of Redwire from $12.00 to $14.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Truist Financial raised Redwire to a “strong-buy” rating in a research report on Friday, May 1st. Jefferies Financial Group raised Redwire to a “hold” rating in a research note on Wednesday, June 10th. Alliance Global Partners restated a “buy” rating on shares of Redwire in a research report on Wednesday, April 22nd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Redwire in a research note on Tuesday, April 21st.

Redwire Stock Down 5.4%

Shares of NYSE RDW opened at $10.77 on Friday. The company’s 50 day moving average price is $14.21 and its 200-day moving average price is $11.02. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.75. Redwire has a 52-week low of $4.87 and a 52-week high of $26.64. The company has a market capitalization of $2.57 billion, a P/E ratio of -4.02 and a beta of 2.92.

Redwire (NYSE:RDW) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.24). Redwire had a negative return on equity of 11.68% and a negative net margin of 80.90%.The firm had revenue of $96.97 million for the quarter, compared to analyst estimates of $105.94 million. During the same quarter last year, the company earned ($0.09) earnings per share. The company’s quarterly revenue was up 57.9% compared to the same quarter last year. Equities analysts forecast that Redwire will post -0.76 earnings per share for the current year.

Insider Activity at Redwire

In other news, Director Ae Red Holdings, Llc sold 1,070,565 shares of Redwire stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $21.48, for a total value of $22,995,736.20. Following the completion of the sale, the director owned 1,077,419 shares in the company, valued at $23,142,960.12. The trade was a 49.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders have sold 13,211,433 shares of company stock worth $147,576,208. Company insiders own 0.79% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of RDW. Bank of America Corp DE increased its stake in Redwire by 7,512.5% in the first quarter. Bank of America Corp DE now owns 6,820,003 shares of the company’s stock valued at $57,970,000 after purchasing an additional 6,730,414 shares in the last quarter. State Street Corp boosted its position 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 purchasing an additional 1,786,038 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Redwire by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 3,242,848 shares of the company’s stock valued at $29,153,000 after buying an additional 91,045 shares during the period. UBS Group AG increased its position in Redwire by 140.8% in the 4th quarter. UBS Group AG now owns 2,039,902 shares of the company’s stock valued at $15,503,000 after buying an additional 1,192,885 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Redwire by 46.9% in the 4th quarter. Geode Capital Management LLC now owns 1,764,643 shares of the company’s stock valued at $13,413,000 after buying an additional 563,259 shares in the last quarter. 8.10% of the stock is owned by institutional investors.

Redwire Company Profile

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.