Hennion & Walsh Asset Management Inc. Takes Position in Redwire Co. (NYSE:RDW)

Hennion & Walsh Asset Management Inc. bought a new stake in shares of Redwire Co. (NYSE:RDW - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 18,898 shares of the company's stock, valued at approximately $157,000.

A number of other hedge funds have also recently made changes to their positions in RDW. Quarry LP purchased a new stake in shares of Redwire during the fourth quarter valued at $33,000. Summit Investment Advisors Inc. lifted its stake in Redwire by 64.2% during the 4th 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 period. GAMMA Investing LLC boosted its holdings in shares of Redwire by 69,077.8% during the 1st 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. Summit Securities Group LLC purchased a new stake in shares of Redwire during the 4th quarter valued at about $63,000. Finally, Jones Financial Companies Lllp grew its stake in shares of Redwire by 45.7% in the fourth quarter. Jones Financial Companies Lllp now owns 4,372 shares of the company's stock worth $72,000 after acquiring an additional 1,372 shares during the period. 8.10% of the stock is owned by institutional investors.

Redwire Stock Performance

Shares of Redwire stock traded down $0.24 during trading hours on Friday, hitting $19.08. The company's stock had a trading volume of 2,660,903 shares, compared to its average volume of 1,221,394. The business has a 50 day moving average price of $12.42 and a two-hundred day moving average price of $14.39. Redwire Co. has a 12-month low of $4.87 and a 12-month high of $26.66. The company has a market cap of $1.47 billion, a PE ratio of -15.77 and a beta of 2.53.

Redwire (NYSE:RDW - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported ($0.20) EPS for the quarter, meeting the consensus estimate of ($0.20). The business had revenue of $61.40 million during the quarter, compared to analysts' expectations of $74.54 million. As a group, research analysts anticipate that Redwire Co. will post -0.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Wall Street Zen upgraded Redwire from a "strong sell" rating to a "hold" rating in a research note on Thursday, May 22nd. B. Riley lowered their price objective on shares of Redwire from $27.00 to $25.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 12th. Alliance Global Partners restated a "buy" rating on shares of Redwire in a research report on Monday, May 12th. HC Wainwright reaffirmed a "buy" rating and issued a $26.00 target price on shares of Redwire in a report on Wednesday, March 12th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $28.00 price target on shares of Redwire in a report on Tuesday, March 11th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Redwire presently has a consensus rating of "Moderate Buy" and a consensus target price of $20.05.

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.