Redwire (NYSE:RDW) Price Target Raised to $26.00

Redwire (NYSE:RDW) had its target price lifted by HC Wainwright from $18.00 to $26.00 in a research note released on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also weighed in on the company. B. Riley lowered Redwire from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $8.00 to $9.50 in a report on Tuesday, October 29th. Roth Mkm lifted their price objective on Redwire from $10.00 to $13.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $6.00 price objective on shares of Redwire in a report on Monday, September 30th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $15.13.

Redwire Stock Down 3.9 %

Shares of RDW stock opened at $21.18 on Wednesday. The stock has a market capitalization of $1.41 billion, a PE ratio of -17.51 and a beta of 2.17. Redwire has a 52-week low of $2.76 and a 52-week high of $23.35. The stock’s 50-day moving average price is $14.78 and its 200 day moving average price is $9.85.

Insider Transactions at Redwire

In other news, major shareholder Park Lp Genesis II sold 5,371 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $18.01, for a total transaction of $96,731.71. Following the sale, the insider now owns 4,598,056 shares of the company’s stock, valued at $82,810,988.56. The trade was a 0.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 417,656 shares of company stock valued at $7,663,352 in the last quarter. 2.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Redwire

Institutional investors have recently modified their holdings of the company. Harbor Capital Advisors Inc. purchased a new stake in shares of Redwire during the 3rd quarter worth approximately $623,000. State Street Corp lifted its stake in Redwire by 8.1% in the 3rd quarter. State Street Corp now owns 473,295 shares of the company’s stock valued at $3,252,000 after buying an additional 35,519 shares in the last quarter. Brookstone Capital Management purchased a new stake in Redwire in the 4th quarter valued at approximately $329,000. Stifel Financial Corp purchased a new stake in Redwire in the 3rd quarter valued at approximately $139,000. Finally, Barclays PLC lifted its stake in Redwire by 55.8% in the 3rd quarter. Barclays PLC now owns 1,181,138 shares of the company’s stock valued at $8,115,000 after buying an additional 422,854 shares in the last quarter. Hedge funds and other institutional investors own 8.10% of the company’s stock.

About Redwire

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.