Tcfg Wealth Management LLC Invests $166,000 in Redwire Corporation (NYSE:RDW)

Tcfg Wealth Management LLC acquired a new position in shares of Redwire Corporation (NYSE:RDW - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 20,065 shares of the company's stock, valued at approximately $166,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Harbor Capital Advisors Inc. grew its stake in shares of Redwire by 7.6% during the first quarter. Harbor Capital Advisors Inc. now owns 97,091 shares of the company's stock valued at $805,000 after acquiring an additional 6,820 shares in the last quarter. Hennion & Walsh Asset Management Inc. acquired a new stake in Redwire during the 1st quarter valued at approximately $157,000. GAMMA Investing LLC increased its holdings in Redwire by 69,077.8% during the 1st quarter. GAMMA Investing LLC now owns 6,226 shares of the company's stock worth $52,000 after purchasing an additional 6,217 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Redwire in the 4th quarter valued at approximately $587,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Redwire in the 4th quarter valued at approximately $489,000. Hedge funds and other institutional investors own 8.10% of the company's stock.

Wall Street Analyst Weigh In

RDW has been the subject of a number of recent analyst reports. Alliance Global Partners reissued a "buy" rating on shares of Redwire in a research report on Monday, May 12th. B. Riley decreased their price objective on shares of Redwire from $27.00 to $25.00 and set a "neutral" rating for the company in a report on Wednesday, March 12th. HC Wainwright restated a "buy" rating and issued a $26.00 target price on shares of Redwire in a research note on Wednesday, March 12th. Wall Street Zen cut shares of Redwire from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $28.00 price objective on shares of Redwire in a report on Tuesday, March 11th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Redwire currently has an average rating of "Moderate Buy" and a consensus price target of $20.05.

Redwire Price Performance

Shares of NYSE:RDW traded down $0.07 during trading on Thursday, reaching $16.63. 3,799,356 shares of the company's stock traded hands, compared to its average volume of 1,310,248. The company has a 50 day moving average of $13.17 and a 200-day moving average of $14.51. Redwire Corporation has a 12 month low of $4.87 and a 12 month high of $26.66. The stock has a market capitalization of $1.28 billion, a P/E ratio of -7.36 and a beta of 2.53.

Redwire (NYSE:RDW - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported ($0.20) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.20). The company had revenue of $61.40 million during the quarter, compared to the consensus estimate of $74.54 million. Equities research analysts predict that Redwire Corporation will post -0.85 earnings per share for the current fiscal year.

About Redwire

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.