Redwire Corporation (NYSE:RDW) Given Consensus Rating of "Hold" by Analysts

Key Points

• Analysts have a consensus “Hold” rating on Redwire, with five buys, three holds, two sells and one strong buy among 11 covering firms. The average 12-month price target is $14.69.
• Recent analyst views were mixed: Cantor Fitzgerald raised its target to $13.50 with an overweight rating, while Bank of America increased its target to $8.00 but maintained an underperform rating.
• Redwire reported quarterly revenue of $117.07 million, exceeding estimates of $107.10 million, and an adjusted EPS loss of $0.09 that beat expectations. However, the company remained unprofitable, with a negative net margin of 57.26%.

Redwire Corporation (NYSE:RDW - Get Free Report) has been given a consensus recommendation of "Hold" by the eleven brokerages that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $14.6875.

Several analysts recently issued reports on the company. Weiss Ratings reiterated a "sell (d-)" rating on shares of Redwire in a report on Friday, July 17th. Cantor Fitzgerald upped their target price on Redwire from $9.00 to $13.50 and gave the stock an "overweight" rating in a research report on Wednesday, August 5th. Bank of America raised their price target on Redwire from $7.00 to $8.00 and gave the stock an "underperform" rating in a research note on Monday, August 31st. Wall Street Zen upgraded Redwire from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. Finally, Jefferies Financial Group set a $15.00 price target on Redwire in a research note on Sunday, August 9th.

Insider Transactions at Redwire

In other Redwire news, Director Ae Red Holdings, Llc sold 1,070,565 shares of the business's stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $21.48, for a total value of $22,995,736.20. Following the completion of the sale, the director directly owned 1,077,419 shares of the company's stock, valued at $23,142,960.12. The trade was a 49.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.79% of the stock is owned by company insiders.

Institutional Investors Weigh In On Redwire

Several institutional investors and hedge funds have recently modified their holdings of RDW. Parvin Asset Management LLC increased its position in Redwire by 6.9% during the first quarter. Parvin Asset Management LLC now owns 17,825 shares of the company's stock worth $152,000 after buying an additional 1,150 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Redwire by 32.3% in the second quarter. Tower Research Capital LLC TRC now owns 6,279 shares of the company's stock worth $102,000 after buying an additional 1,533 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Redwire by 12.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 30,396 shares of the company's stock worth $495,000 after acquiring an additional 3,248 shares in the last quarter. Parallel Advisors LLC acquired a new position in shares of Redwire during the 1st quarter valued at about $28,000. Finally, KBC Group NV acquired a new position in shares of Redwire during the 1st quarter valued at about $29,000. Institutional investors and hedge funds own 8.10% of the company's stock.

Redwire Stock Performance

Shares of RDW opened at $11.24 on Wednesday. The company has a market capitalization of $2.81 billion, a PE ratio of -7.70 and a beta of 3.08. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.48 and a current ratio of 3.92. The company's 50 day moving average price is $10.73 and its 200 day moving average price is $11.55. Redwire has a 52 week low of $4.87 and a 52 week high of $26.64.

Redwire (NYSE:RDW - Get Free Report) 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 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. Research analysts expect that Redwire will post -0.7 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.

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