Redwire Co. (NYSE:RDW) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Redwire Co. (NYSE:RDW) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $10.13.

A number of equities analysts recently issued reports on RDW shares. Cantor Fitzgerald reissued an “overweight” rating and issued a $6.00 price objective on shares of Redwire in a report on Monday, September 30th. B. Riley cut shares of Redwire from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $8.00 to $9.50 in a research note on Tuesday, October 29th. Roth Mkm upped their price objective on Redwire from $10.00 to $13.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, HC Wainwright reiterated a “buy” rating and set a $18.00 target price on shares of Redwire in a research report on Wednesday, December 11th.

Redwire Stock Performance

Shares of NYSE:RDW opened at $13.78 on Wednesday. Redwire has a 52-week low of $2.68 and a 52-week high of $18.54. The stock has a market capitalization of $916.93 million, a price-to-earnings ratio of -11.39 and a beta of 2.17. The stock’s 50-day simple moving average is $13.42 and its two-hundred day simple moving average is $9.25.

Insider Transactions at Redwire

In related news, major shareholder Park Lp Genesis II sold 5,371 shares of the company’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $18.01, for a total value of $96,731.71. Following the completion of the transaction, the insider now owns 4,598,056 shares of the company’s stock, valued at approximately $82,810,988.56. This represents a 0.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold a total of 267,656 shares of company stock valued at $4,721,852 over the last three months. Corporate insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On Redwire

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vontobel Holding Ltd. bought a new position in shares of Redwire in the third quarter worth about $74,000. The Manufacturers Life Insurance Company purchased a new stake in Redwire during the 2nd quarter valued at approximately $74,000. AQR Capital Management LLC purchased a new stake in Redwire in the 2nd quarter worth $89,000. MetLife Investment Management LLC boosted its stake in Redwire by 129.1% during the third quarter. MetLife Investment Management LLC now owns 14,058 shares of the company’s stock valued at $97,000 after buying an additional 7,921 shares during the last quarter. Finally, Stifel Financial Corp bought a new stake in Redwire in the 3rd quarter worth approximately $139,000. 8.10% of the stock is owned by institutional investors.

Redwire Company Profile

Redwire Corporation provides critical space solutions and space infrastructure for government and commercial customers in the United States, Europe, and internationally. The company provides avionics and sensors including star trackers, sun sensors, critical for navigation, and control of spacecraft; camera systems; solar array solutions for spacecraft spanning the spectrum of size, power needs, and orbital location; and strain composite booms, coilable booms, truss structures, telescope baffles, and deployable booms to position sensors or solar arrays away from the spacecraft.