Redwire (NYSE:RDW) Given New $12.00 Price Target at Jefferies Financial Group

Redwire (NYSE:RDW) had its target price decreased by Jefferies Financial Group from $13.00 to $12.00 in a research report released on Friday morning,Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

A number of other analysts also recently weighed in on RDW. Alliance Global Partners reaffirmed a “buy” rating on shares of Redwire in a report on Thursday, November 6th. KeyCorp initiated coverage on Redwire in a research note on Thursday, December 18th. They set a “sector weight” rating for the company. Truist Financial set a $13.00 target price on Redwire in a report on Friday, January 9th. Canaccord Genuity Group lifted their price target on Redwire from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Finally, HC Wainwright restated a “buy” rating and set a $22.00 price objective on shares of Redwire in a research report on Tuesday, December 23rd. Seven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $13.67.

Redwire Price Performance

Shares of NYSE:RDW traded down $0.48 during trading on Friday, reaching $8.59. 17,755,807 shares of the company traded hands, compared to its average volume of 16,628,437. The firm has a market capitalization of $1.42 billion, a PE ratio of -3.62 and a beta of 2.50. Redwire has a 52 week low of $4.87 and a 52 week high of $22.25. The company has a quick ratio of 1.05, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. The company’s 50 day moving average is $9.81 and its two-hundred day moving average is $8.48.

Redwire (NYSE:RDW) last issued its quarterly earnings results on Wednesday, February 25th. The company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.19). The company had revenue of $108.79 million during the quarter, compared to the consensus estimate of $98.78 million. Redwire had a negative return on equity of 13.04% and a negative net margin of 67.55%. As a group, sell-side analysts predict that Redwire will post -0.85 earnings per share for the current year.

Insider Activity at Redwire

In other news, Director Ae Red Holdings, Llc sold 49,985 shares of the stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $10.01, for a total value of $500,349.85. Following the completion of the sale, the director owned 45,094,000 shares of the company’s stock, valued at approximately $451,390,940. This represents a 0.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last 90 days, insiders sold 40,400,346 shares of company stock valued at $453,127,301. Insiders own 2.60% of the company’s stock.

Institutional Trading of Redwire

Institutional investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd boosted its stake in shares of Redwire by 3,976.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 269,873 shares of the company’s stock valued at $2,051,000 after purchasing an additional 263,253 shares during the last quarter. Corecam Pte. Ltd. acquired a new position in Redwire in the fourth quarter valued at $288,000. Alpine Global Management LLC bought a new stake in Redwire during the fourth quarter valued at $93,000. Sunbelt Securities Inc. grew its holdings in Redwire by 601.1% during the 4th quarter. Sunbelt Securities Inc. now owns 3,961 shares of the company’s stock worth $30,000 after acquiring an additional 3,396 shares during the period. Finally, Invesco Ltd. grew its holdings in Redwire by 101.7% during the 4th quarter. Invesco Ltd. now owns 1,295,461 shares of the company’s stock worth $9,846,000 after acquiring an additional 653,043 shares during the period. 8.10% of the stock is currently owned by institutional investors.

About Redwire

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.