Redwire Co. (NYSE:RDW) Given Average Rating of "Moderate Buy" by Brokerages

Shares of Redwire Co. (NYSE:RDW - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the six ratings firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $17.71.

RDW has been the topic of several analyst reports. Alliance Global Partners reissued a "buy" rating on shares of Redwire in a research note on Tuesday, March 11th. HC Wainwright reissued a "buy" rating and set a $26.00 price objective on shares of Redwire in a research note on Wednesday, March 12th. B. Riley reduced their price objective on Redwire from $27.00 to $25.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 12th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $28.00 price objective on shares of Redwire in a research note on Tuesday, March 11th.

Redwire Stock Down 4.1 %

NYSE RDW traded down $0.46 during trading hours on Friday, hitting $10.77. 875,416 shares of the company were exchanged, compared to its average volume of 982,505. The stock has a 50-day moving average price of $10.84 and a 200 day moving average price of $13.43. Redwire has a 52 week low of $3.77 and a 52 week high of $26.66. The stock has a market cap of $813.92 million, a PE ratio of -8.90 and a beta of 2.51.

Insider Activity at Redwire

In other Redwire news, major shareholder Park Lp Genesis II sold 6,683 shares of the company's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $22.56, for a total transaction of $150,768.48. Following the completion of the sale, the insider now owns 3,704,664 shares in the company, valued at $83,577,219.84. This represents a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders sold 66,798 shares of company stock worth $1,554,641. Company insiders own 2.60% of the company's stock.

Institutional Trading of Redwire

Hedge funds have recently bought and sold shares of the stock. Quarry LP purchased a new stake in Redwire during the fourth quarter worth $33,000. Summit Investment Advisors Inc. lifted its holdings in Redwire by 64.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,382 shares of the company's stock worth $39,000 after buying an additional 931 shares during the period. FNY Investment Advisers LLC purchased a new stake in Redwire during the first quarter worth $47,000. GAMMA Investing LLC lifted its holdings in Redwire by 69,077.8% during the first quarter. GAMMA Investing LLC now owns 6,226 shares of the company's stock worth $52,000 after buying an additional 6,217 shares during the period. Finally, Summit Securities Group LLC purchased a new stake in Redwire during the fourth quarter worth $63,000. Hedge funds and other institutional investors own 8.10% of the company's stock.

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.