UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stock Position in Redwire Corporation $RDW

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Redwire Corporation (NYSE:RDW) by 132.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 274,715 shares of the company’s stock after purchasing an additional 156,481 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Redwire were worth $3,360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in RDW. Parvin Asset Management LLC raised its stake in shares of Redwire by 6.9% during the 1st quarter. Parvin Asset Management LLC now owns 17,825 shares of the company’s stock worth $152,000 after purchasing an additional 1,150 shares during the period. Tower Research Capital LLC TRC grew its position in Redwire by 32.3% during the second quarter. Tower Research Capital LLC TRC now owns 6,279 shares of the company’s stock valued at $102,000 after buying an additional 1,533 shares during the period. BNP Paribas Financial Markets increased its holdings in Redwire by 12.0% during the second quarter. BNP Paribas Financial Markets now owns 30,396 shares of the company’s stock worth $495,000 after buying an additional 3,248 shares during the last quarter. Parallel Advisors LLC purchased a new stake in Redwire during the first quarter worth about $28,000. Finally, KBC Group NV bought a new stake in Redwire in the first quarter worth about $29,000. 8.10% of the stock is owned by hedge funds and other institutional investors.

Redwire Stock Performance

NYSE RDW opened at $10.84 on Friday. The company’s 50 day moving average is $10.69 and its 200-day moving average is $11.58. Redwire Corporation has a 12-month low of $4.87 and a 12-month high of $26.64. The company has a quick ratio of 3.48, a current ratio of 3.92 and a debt-to-equity ratio of 0.03. The firm has a market cap of $2.71 billion, a P/E ratio of -7.43 and a beta of 3.08.

Redwire (NYSE:RDW) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.07. Redwire had a negative net margin of 57.26% and a negative return on equity of 11.02%. The company had revenue of $117.07 million during the quarter, compared to the consensus estimate of $107.10 million. Sell-side analysts predict that Redwire Corporation will post -0.7 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on RDW shares. Wall Street Zen upgraded shares of Redwire from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Bank of America lifted their price target on shares of Redwire from $7.00 to $8.00 and gave the stock an “underperform” rating in a report on Monday, August 31st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Redwire in a research note on Friday, July 17th. Alliance Global Partners reissued a “buy” rating on shares of Redwire in a report on Thursday, August 6th. Finally, Canaccord Genuity Group raised their target price on Redwire from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $14.69.

Redwire 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.