Huntleigh Advisors Inc. Invests $967,000 in Redwire Corporation $RDW

Key Points

• Huntleigh Advisors Inc. has invested approximately $967,000 in Redwire Corporation, acquiring 59,349 shares during the 2nd quarter.
• Redwire's stock has seen recent downgrades, with Bank of America lowering its target price from $10.00 to $9.00 and setting an "underperform" rating.
• Following negative earnings results, Redwire reported a net margin of -71.95% and a significant miss against revenue expectations, further impacting its stock performance.

Huntleigh Advisors Inc. acquired a new position in Redwire Corporation (NYSE:RDW - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 59,349 shares of the company's stock, valued at approximately $967,000.

Several other large investors have also bought and sold shares of the stock. Ameritas Advisory Services LLC acquired a new position in Redwire during the 2nd quarter worth about $54,000. KLP Kapitalforvaltning AS acquired a new stake in Redwire during the 1st quarter valued at approximately $42,000. GAMMA Investing LLC increased its position in 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 purchasing an additional 6,217 shares during the period. New York State Common Retirement Fund raised its holdings in Redwire by 656.7% during the 1st quarter. New York State Common Retirement Fund now owns 8,066 shares of the company's stock worth $67,000 after purchasing an additional 7,000 shares during the last quarter. Finally, SBI Securities Co. Ltd. boosted its stake in shares of Redwire by 1,172.5% in the 1st quarter. SBI Securities Co. Ltd. now owns 8,106 shares of the company's stock valued at $67,000 after purchasing an additional 7,469 shares during the last quarter. 8.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on RDW shares. Bank of America lowered their target price on shares of Redwire from $10.00 to $9.00 and set an "underperform" rating for the company in a research note on Friday, October 10th. Truist Financial decreased their price target on Redwire from $13.00 to $11.00 and set a "hold" rating for the company in a report on Wednesday. Wall Street Zen lowered Redwire from a "hold" rating to a "strong sell" rating in a research report on Saturday, August 9th. HC Wainwright restated a "buy" rating and set a $22.00 target price (down previously from $26.00) on shares of Redwire in a research report on Friday, August 8th. Finally, Canaccord Genuity Group decreased their target price on Redwire from $21.00 to $17.50 and set a "buy" rating for the company in a research note on Monday, August 11th. Seven research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $17.21.

Redwire Price Performance

Shares of NYSE RDW opened at $7.96 on Friday. The firm has a market capitalization of $1.15 billion, a P/E ratio of -2.45 and a beta of 2.47. The firm's 50-day moving average price is $8.98 and its 200-day moving average price is $12.11. The company has a current ratio of 1.46, a quick ratio of 1.11 and a debt-to-equity ratio of 0.21. Redwire Corporation has a 1-year low of $6.61 and a 1-year high of $26.66.

Redwire (NYSE:RDW - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.28). Redwire had a negative net margin of 71.95% and a negative return on equity of 32.67%. The firm had revenue of $61.76 million during the quarter, compared to analyst estimates of $80.48 million. Equities research analysts anticipate that Redwire Corporation will post -0.85 earnings per share for the current fiscal year.

Insider Activity at Redwire

In other news, major shareholder Bain Capital Credit Member, Ll sold 11,000,000 shares of the company's stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $7.83, for a total transaction of $86,130,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.60% of the stock is currently owned by corporate insiders.

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.

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