20,065 Shares in Redwire Co. (NYSE:RDW) Acquired by Tcfg Wealth Management LLC

Tcfg Wealth Management LLC acquired a new position in Redwire Co. (NYSE:RDW - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 20,065 shares of the company's stock, valued at approximately $166,000.

Other institutional investors also recently modified their holdings of the company. Quarry LP bought a new position in shares of Redwire in the fourth quarter worth approximately $33,000. Summit Investment Advisors Inc. grew its position in Redwire by 64.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,382 shares of the company's stock valued at $39,000 after acquiring an additional 931 shares during the last quarter. Summit Securities Group LLC bought a new position in Redwire during the fourth quarter valued at approximately $63,000. Jones Financial Companies Lllp grew its position in Redwire by 45.7% during the fourth quarter. Jones Financial Companies Lllp now owns 4,372 shares of the company's stock valued at $72,000 after acquiring an additional 1,372 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Redwire by 69,077.8% during the first quarter. GAMMA Investing LLC now owns 6,226 shares of the company's stock valued at $52,000 after acquiring an additional 6,217 shares during the last quarter. 8.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Cantor Fitzgerald reiterated an "overweight" rating and set a $28.00 price target on shares of Redwire in a research report on Tuesday, March 11th. HC Wainwright reiterated a "buy" rating and set a $26.00 price target on shares of Redwire in a research report on Wednesday, March 12th. 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. Wall Street Zen cut shares of Redwire from a "hold" rating to a "sell" rating in a research report on Saturday. Finally, Alliance Global Partners reissued a "buy" rating on shares of Redwire in a research note on Monday, May 12th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Redwire currently has an average rating of "Moderate Buy" and a consensus price target of $20.05.

Redwire Trading Down 1.3%

Shares of Redwire stock opened at $19.08 on Monday. Redwire Co. has a 12 month low of $4.87 and a 12 month high of $26.66. The business has a fifty day simple moving average of $12.65 and a two-hundred day simple moving average of $14.44. The firm has a market capitalization of $1.47 billion, a P/E ratio of -15.77 and a beta of 2.53.

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

Redwire 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.

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