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

Redwire Corporation (NYSE:RDW) has been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $13.8750.

RDW has been the subject of a number of analyst reports. Zacks Research lowered shares of Redwire from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 10th. Truist Financial set a $13.00 target price on Redwire in a research report on Friday, January 9th. Cantor Fitzgerald lowered their price objective 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. Roth Mkm restated a “buy” rating and issued a $20.00 price objective on shares of Redwire in a report on Wednesday, January 28th. Finally, iA Financial set a $9.00 target price on shares of Redwire in a report on Thursday, November 6th.

Insider Activity at Redwire

In other Redwire news, Director Ae Red Holdings, Llc sold 12,656,683 shares of the business’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $10.51, for a total value of $133,021,738.33. Following the completion of the sale, the director owned 61,541,253 shares in the company, valued at approximately $646,798,569.03. The trade was a 17.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 40,400,346 shares of company stock worth $453,127,301 over the last three months. Insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. AE Industrial Partners LP increased its position in shares of Redwire by 7.1% in the 3rd quarter. AE Industrial Partners LP now owns 91,598,704 shares of the company’s stock worth $823,472,000 after purchasing an additional 6,101,959 shares during the last quarter. State Street Corp grew its stake in shares of Redwire by 61.1% in the fourth 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. increased its holdings in shares of Redwire by 2.9% during the third quarter. Vanguard Group Inc. now owns 3,242,848 shares of the company’s stock valued at $29,153,000 after purchasing an additional 91,045 shares during the period. Voya Investment Management LLC bought a new position in Redwire in the 3rd quarter valued at about $20,372,000. Finally, Hood River Capital Management LLC bought a new stake in shares of Redwire during the 2nd quarter worth about $36,206,000. Hedge funds and other institutional investors own 8.10% of the company’s stock.

Redwire Price Performance

NYSE RDW opened at $9.06 on Friday. Redwire has a 12-month low of $4.87 and a 12-month high of $22.25. The firm’s fifty day simple moving average is $9.69 and its two-hundred day simple moving average is $8.48. The company has a current ratio of 1.41, a quick ratio of 1.05 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $1.50 billion, a P/E ratio of -3.82 and a beta of 2.45.

Redwire (NYSE:RDW) last released its quarterly earnings data on Wednesday, February 25th. The company reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.19). The business had revenue of $108.79 million during the quarter, compared to analyst estimates of $98.78 million. Redwire had a negative return on equity of 15.65% and a negative net margin of 67.55%. Analysts forecast that Redwire will post -0.85 EPS for the current fiscal year.

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.