Public Employees Retirement System of Ohio Invests $587,000 in Redwire Co. (NYSE:RDW)

Public Employees Retirement System of Ohio bought a new position in shares of Redwire Co. (NYSE:RDW - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 35,634 shares of the company's stock, valued at approximately $587,000. Public Employees Retirement System of Ohio owned about 0.05% of Redwire as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quarry LP bought a new stake in shares of Redwire in the 4th quarter valued at $33,000. Summit Investment Advisors Inc. lifted its holdings in Redwire by 64.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,382 shares of the company's stock valued at $39,000 after buying an additional 931 shares during the period. Summit Securities Group LLC bought a new stake in Redwire during the fourth quarter valued at $63,000. Jones Financial Companies Lllp grew its holdings in Redwire by 45.7% during the 4th 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. Finally, US Bancorp DE bought a new position in shares of Redwire in the 4th quarter worth about $119,000. 8.10% of the stock is owned by institutional investors and hedge funds.

Redwire Price Performance

Shares of NYSE:RDW traded up $0.73 during trading on Friday, reaching $18.41. 2,287,703 shares of the stock were exchanged, compared to its average volume of 1,173,212. Redwire Co. has a 1-year low of $4.87 and a 1-year high of $26.66. The stock has a fifty day moving average of $11.53 and a two-hundred day moving average of $14.23. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of -15.21 and a beta of 2.53.

Redwire (NYSE:RDW - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported ($0.20) EPS for the quarter, meeting analysts' consensus estimates of ($0.20). The business had revenue of $61.40 million for the quarter, compared to the consensus estimate of $74.54 million. Sell-side analysts forecast that Redwire Co. will post -0.85 EPS for the current year.

Wall Street Analyst Weigh In

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

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.