Redwire Corporation (NYSE:RDW) Stock Has Average Price Target of $14.69 According to Brokerages

Redwire Corporation (NYSE:RDW) has been assigned an average recommendation of “Hold” from the twelve research firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $14.69.

Several research firms have recently weighed in on RDW. Canaccord Genuity Group raised their price objective on shares of Redwire from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Jefferies Financial Group set a $15.00 target price on shares of Redwire in a report on Sunday, August 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Redwire in a research report on Friday, July 17th. Guggenheim initiated coverage on Redwire in a report on Monday, September 14th. They issued a “neutral” rating on the stock. Finally, Cantor Fitzgerald increased their price objective on Redwire from $9.00 to $13.50 and gave the company an “overweight” rating in a research report on Wednesday, August 5th.

Key Headlines Impacting Redwire

Here are the key news stories impacting Redwire this week:

• Positive Sentiment: Axiom Space contract strengthens backlog visibility: Redwire was awarded a follow-on contract to develop and deliver two Roll-Out Solar Array (ROSA) wings for the second module of Axiom Station. Redwire is also supplying the solar arrays for Axiom’s first module, reinforcing its role in commercial space-station infrastructure and potentially supporting future revenue. Redwire Awarded Follow-On Contract for Axiom Space’s Second Space Station Module
• Positive Sentiment: Management is highlighting a potentially large growth market: Redwire’s CEO compared the expected expansion of orbital data centers and other space infrastructure with the rise of satellite television. The comments support the bullish thesis that demand for in-space platforms, power systems and related hardware could expand materially over time. Redwire CEO Sees Massive Space Infrastructure Growth Ahead
• Positive Sentiment: Investor attention is broadening across space and infrastructure stocks: Redwire was included among several companies seeing strong share-market interest, adding to near-term momentum and visibility. Redwire Shares Rise Alongside Other Infrastructure Stocks
• Neutral Sentiment: Honda collaboration remains exploratory: Honda is evaluating a Redwire robotics solution designed to automate space-station research and reduce astronaut workloads. The initiative could create commercial-station opportunities, but no definitive product order or financial terms were disclosed. Honda Explores Space Robotics Solution With Redwire
• Neutral Sentiment: Competitive positioning is still a consideration: A comparison with Intuitive Machines portrays Redwire as the more diversified space-hardware and robotics provider, while Intuitive Machines has greater specialization in lunar infrastructure. The comparison supports Redwire’s diversification story but also underscores competition within the space industry. Intuitive Machines vs. Redwire

Redwire Trading Up 2.1%

Shares of Redwire stock opened at $10.65 on Friday. The business has a fifty day simple moving average of $11.20 and a 200-day simple moving average of $11.81. Redwire has a fifty-two week low of $4.87 and a fifty-two week high of $26.64. The firm has a market cap of $2.66 billion, a price-to-earnings ratio of -7.29 and a beta of 3.12. The company has a quick ratio of 3.48, a current ratio of 3.92 and a debt-to-equity ratio of 0.03.

Redwire (NYSE:RDW) last released its earnings results on Wednesday, August 5th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.07. Redwire had a negative return on equity of 11.02% and a negative net margin of 57.26%.The firm had revenue of $117.07 million for the quarter, compared to analyst estimates of $107.10 million. On average, equities analysts forecast that Redwire will post -0.7 EPS for the current fiscal year.

Insider Activity

In other news, Director Ae Red Holdings, Llc sold 929,435 shares of the business’s stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $11.34, for a total transaction of $10,539,792.90. Following the sale, the director directly owned 147,984 shares of the company’s stock, valued at $1,678,138.56. The trade was a 86.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.79% of the stock is owned by company insiders.

Hedge Funds Weigh In On Redwire

A number of institutional investors have recently bought and sold shares of RDW. BlackRock Inc. purchased a new stake in Redwire during the second quarter valued at about $196,514,000. Van ECK Associates Corp boosted its holdings in shares of Redwire by 173.0% in the second quarter. Van ECK Associates Corp now owns 6,851,228 shares of the company’s stock worth $83,791,000 after buying an additional 4,341,424 shares during the period. Bank of America Corp DE boosted its holdings in shares of Redwire by 7,512.5% in the first quarter. Bank of America Corp DE now owns 6,820,003 shares of the company’s stock worth $57,970,000 after buying an additional 6,730,414 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Redwire in the second quarter worth approximately $16,583,000. Finally, Alyeska Investment Group L.P. purchased a new position in shares of Redwire in the second quarter worth approximately $11,186,000. Hedge funds and other institutional investors own 8.10% of the company’s stock.

Redwire Company Profile

Redwire Corporation is a space infrastructure and defense technology company that develops products and services for government and commercial customers. Its work supports space exploration, national security, civil space programs and the growing commercial space economy.

The company’s offerings include spacecraft platforms, avionics, sensors, deployable structures, solar arrays, in-space manufacturing systems, robotic technologies and components designed for satellite and space station applications.