Nuveen LLC Purchases Shares of 91,745 Redwire Corporation $RDW

Nuveen LLC purchased a new position in shares of Redwire Corporation (NYSE:RDW - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 91,745 shares of the company's stock, valued at approximately $761,000. Nuveen LLC owned approximately 0.12% of Redwire as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. LBP AM SA raised its holdings in shares of Redwire by 24.8% during the 1st quarter. LBP AM SA now owns 496,230 shares of the company's stock worth $4,114,000 after buying an additional 98,616 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of Redwire during the 4th quarter worth $4,830,000. Northern Trust Corp raised its holdings in shares of Redwire by 18.2% during the 4th quarter. Northern Trust Corp now owns 243,977 shares of the company's stock worth $4,016,000 after buying an additional 37,522 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Redwire during the 1st quarter worth $1,300,000. Finally, Penserra Capital Management LLC grew its position in Redwire by 37.0% during the 1st quarter. Penserra Capital Management LLC now owns 107,402 shares of the company's stock worth $890,000 after acquiring an additional 29,013 shares during the last quarter. Institutional investors and hedge funds own 8.10% of the company's stock.

Redwire Trading Up 1.3%

Shares of RDW stock traded up $0.11 on Friday, hitting $8.32. The company had a trading volume of 2,194,745 shares, compared to its average volume of 3,923,609. The firm has a market cap of $1.20 billion, a P/E ratio of -2.56 and a beta of 2.49. The stock's 50-day moving average is $12.87 and its two-hundred day moving average is $12.75. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.11 and a current ratio of 1.46. Redwire Corporation has a twelve month low of $5.67 and a twelve month high of $26.66.

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on RDW shares. Truist Financial set a $16.00 price objective on Redwire and gave the stock a "hold" rating in a research report on Thursday, June 26th. Wall Street Zen lowered Redwire from a "hold" rating to a "strong sell" rating in a research report on Saturday, August 9th. Roth Capital restated a "buy" rating on shares of Redwire in a research report on Tuesday, June 24th. Alliance Global Partners restated a "buy" rating on shares of Redwire in a research report on Monday, May 12th. Finally, Canaccord Genuity Group reduced their price objective on Redwire from $21.00 to $17.50 and set a "buy" rating on the stock in a research report on Monday, August 11th. Seven analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Redwire presently has an average rating of "Moderate Buy" and a consensus price target of $18.07.

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.