Redwire Corporation (NYSE:RDW) Receives $13.88 Consensus PT from Analysts

Redwire Corporation (NYSE:RDW) has been given an average rating of “Hold” by the ten research firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $12.50.

A number of analysts have recently commented on the company. Canaccord Genuity Group lowered their target price on Redwire from $17.50 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday, November 12th. Cantor Fitzgerald lowered their price objective on Redwire from $20.00 to $9.00 and set an “overweight” rating on the stock in a research report on Wednesday. Truist Financial dropped their price objective on shares of Redwire from $11.00 to $8.00 and set a “hold” rating on the stock in a research note on Friday, November 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Redwire in a research note on Wednesday, October 8th. Finally, Zacks Research raised shares of Redwire from a “strong sell” rating to a “hold” rating in a report on Monday, November 10th.

Redwire Stock Down 4.8%

RDW stock opened at $7.31 on Monday. Redwire has a 12 month low of $4.87 and a 12 month high of $26.66. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.05. The company has a market capitalization of $1.21 billion, a P/E ratio of -2.30 and a beta of 2.48. The firm’s fifty day simple moving average is $7.12 and its 200-day simple moving average is $10.92.

Insiders Place Their Bets

In other Redwire news, CAO Chris Edmunds acquired 5,500 shares of the company’s stock in a transaction on Friday, November 14th. The shares were bought at an average cost of $5.46 per share, with a total value of $30,030.00. Following the completion of the acquisition, the chief accounting officer owned 107,441 shares in the company, valued at approximately $586,627.86. This trade represents a 5.40% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Aaron Michael Futch acquired 18,410 shares of the business’s stock in a transaction dated Friday, November 14th. The stock was acquired at an average price of $5.45 per share, with a total value of $100,334.50. Following the completion of the transaction, the executive vice president directly owned 88,704 shares of the company’s stock, valued at approximately $483,436.80. This represents a 26.19% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought 56,065 shares of company stock valued at $330,047 over the last quarter. Insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On Redwire

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AE Industrial Partners LP lifted its holdings in Redwire by 7.1% during the third quarter. AE Industrial Partners LP now owns 91,598,704 shares of the company’s stock valued at $823,472,000 after purchasing an additional 6,101,959 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Redwire by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 3,242,848 shares of the company’s stock worth $29,153,000 after buying an additional 91,045 shares during the last quarter. Voya Investment Management LLC purchased a new stake in Redwire during the 3rd quarter worth approximately $20,372,000. Hood River Capital Management LLC acquired a new position in shares of Redwire during the second quarter valued at approximately $36,206,000. Finally, Cooper Creek Partners Management LLC purchased a new position in shares of Redwire in the second quarter valued at approximately $32,652,000. Hedge funds and other institutional investors own 8.10% of the company’s stock.

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.