Barclays PLC Purchases 77,228 Shares of Redwire Co. (NYSE:RDW)

Barclays PLC raised its holdings in Redwire Co. (NYSE:RDW - Free Report) by 6.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,258,366 shares of the company's stock after buying an additional 77,228 shares during the quarter. Barclays PLC owned 1.89% of Redwire worth $20,713,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Redwire by 8.4% in the fourth quarter. Vanguard Group Inc. now owns 1,310,660 shares of the company's stock valued at $21,573,000 after acquiring an additional 101,620 shares during the period. Geode Capital Management LLC grew its stake in shares of Redwire by 6.3% in the 3rd quarter. Geode Capital Management LLC now owns 523,743 shares of the company's stock valued at $3,599,000 after purchasing an additional 30,963 shares during the period. Federated Hermes Inc. grew its stake in shares of Redwire by 165.7% in the 4th quarter. Federated Hermes Inc. now owns 498,275 shares of the company's stock valued at $8,202,000 after purchasing an additional 310,769 shares during the period. State Street Corp raised its holdings in shares of Redwire by 8.1% in the 3rd quarter. State Street Corp now owns 473,295 shares of the company's stock worth $3,252,000 after buying an additional 35,519 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Redwire by 22.4% during the 4th quarter. Renaissance Technologies LLC now owns 324,200 shares of the company's stock worth $5,336,000 after buying an additional 59,400 shares during the period. Institutional investors and hedge funds own 8.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. HC Wainwright reiterated a "buy" rating and set a $26.00 price objective on shares of Redwire in a research note on Wednesday, March 12th. Alliance Global Partners reiterated a "buy" rating on shares of Redwire in a research report on Tuesday, March 11th. B. Riley reduced their price target on shares of Redwire from $27.00 to $25.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 12th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $28.00 price objective on shares of Redwire in a research note on Tuesday, March 11th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.71.

Insider Transactions at Redwire

In related news, major shareholder Park Lp Genesis II sold 6,683 shares of the business's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $22.56, for a total value of $150,768.48. Following the completion of the transaction, the insider now owns 3,704,664 shares in the company, valued at $83,577,219.84. The trade was a 0.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last three months, insiders have sold 166,798 shares of company stock worth $3,827,641. Corporate insiders own 2.60% of the company's stock.

Redwire Stock Down 0.9 %

NYSE:RDW traded down $0.10 during mid-day trading on Friday, reaching $10.88. 337,338 shares of the company were exchanged, compared to its average volume of 1,971,366. The stock has a market cap of $821.86 million, a PE ratio of -8.99 and a beta of 2.51. Redwire Co. has a 12 month low of $3.77 and a 12 month high of $26.66. The company has a fifty day moving average of $11.47 and a 200 day moving average of $13.31.

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.