Northern Trust Corp Buys 37,522 Shares of Redwire Co. (NYSE:RDW)

Northern Trust Corp raised its stake in Redwire Co. (NYSE:RDW - Free Report) by 18.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 243,977 shares of the company's stock after acquiring an additional 37,522 shares during the period. Northern Trust Corp owned approximately 0.37% of Redwire worth $4,016,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quarry LP bought a new stake in Redwire in the 4th quarter valued at $33,000. Summit Investment Advisors Inc. increased its holdings in Redwire by 64.2% in 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 last quarter. Summit Securities Group LLC bought a new stake in Redwire in the 4th quarter valued at $63,000. Jones Financial Companies Lllp increased its holdings in Redwire by 45.7% in the 4th 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, US Bancorp DE bought a new stake in Redwire in the 4th quarter valued at $119,000. 8.10% of the stock is currently owned by institutional investors.

Redwire Stock Up 10.1%

Redwire stock opened at $12.69 on Friday. The company's 50-day moving average price is $10.46 and its 200-day moving average price is $13.78. Redwire Co. has a twelve month low of $4.75 and a twelve month high of $26.66. The company has a market cap of $978.18 million, a PE ratio of -10.49 and a beta of 2.46.

Redwire (NYSE:RDW - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported ($0.20) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.20). The business had revenue of $61.40 million during the quarter, compared to the consensus estimate of $74.54 million. As a group, sell-side analysts expect that Redwire Co. will post -0.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on RDW. 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 report on Wednesday, March 12th. HC Wainwright restated a "buy" rating and issued a $26.00 target price on shares of Redwire in a report on Wednesday, March 12th. Cantor Fitzgerald restated an "overweight" rating and issued a $28.00 target price on shares of Redwire in a report on Tuesday, March 11th. Wall Street Zen upgraded shares of Redwire from a "strong sell" rating to a "hold" rating in a report on Thursday. Finally, Alliance Global Partners restated a "buy" rating on shares of Redwire in a report on Monday, May 12th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $20.05.

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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