Redwire Co. (NYSE:RDW) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Shares of Redwire Co. (NYSE:RDW - Get Free Report) have been given an average rating of "Moderate Buy" by the six ratings firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $17.71.

Several analysts have commented on the stock. HC Wainwright reiterated a "buy" rating and issued a $26.00 price target 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 Tuesday, March 11th. Cantor Fitzgerald restated an "overweight" rating and set a $28.00 price target on shares of Redwire in a report on Tuesday, March 11th. Finally, B. Riley decreased their price objective on Redwire from $27.00 to $25.00 and set a "neutral" rating on the stock in a report on Wednesday, March 12th.

Insider Activity

In other Redwire news, major shareholder Park Lp Genesis II sold 10,115 shares of the firm's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $24.11, for a total value of $243,872.65. Following the completion of the sale, the insider now owns 3,644,566 shares of the company's stock, valued at $87,870,486.26. This trade represents a 0.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have sold 516,798 shares of company stock valued at $10,763,141. 2.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Redwire

A number of large investors have recently bought and sold shares of RDW. Barclays PLC lifted its position in shares of Redwire by 55.8% during the third quarter. Barclays PLC now owns 1,181,138 shares of the company's stock worth $8,115,000 after purchasing an additional 422,854 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of Redwire by 165.7% in the fourth quarter. Federated Hermes Inc. now owns 498,275 shares of the company's stock valued at $8,202,000 after purchasing an additional 310,769 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in Redwire in the fourth quarter worth approximately $4,830,000. EAM Global Investors LLC purchased a new position in Redwire during the 4th quarter worth $4,689,000. Finally, Andar Capital Management HK Ltd bought a new stake in Redwire during the 4th quarter valued at $3,621,000. Hedge funds and other institutional investors own 8.10% of the company's stock.

Redwire Stock Performance

Shares of Redwire stock traded down $1.21 on Monday, hitting $7.52. 2,897,649 shares of the company traded hands, compared to its average volume of 903,488. Redwire has a 52 week low of $3.39 and a 52 week high of $26.66. The business has a 50-day simple moving average of $15.81 and a 200 day simple moving average of $13.06. The stock has a market capitalization of $567.93 million, a P/E ratio of -6.21 and a beta of 2.33.

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.