Redwire Corporation (NYSE:RDW) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts have a consensus recommendation of "Moderate Buy" on Redwire (12 firms: 8 buy, 2 hold, 2 sell) with an average 12-month price target of $13.89.
• Redwire missed on EPS in the latest quarter (($0.35) vs. ($0.16) est.) despite a revenue beat of $108.79M, and the company remains unprofitable with a negative net margin (~67.6%) and a forecasted full-year EPS of -0.85.
• Significant insider selling has occurred—Ae Red Holdings sold 12,656,683 shares (~$133M) and insiders sold 45,775,206 shares (~$495.7M) in the past three months—while institutional ownership is about 8.1% and market cap is ~$1.78B.

Shares of Redwire Corporation (NYSE:RDW - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the twelve ratings firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $13.8889.

A number of brokerages have recently commented on RDW. Truist Financial upgraded Redwire from a "hold" rating to a "buy" rating and upped their price target for the stock from $13.00 to $15.00 in a report on Monday, March 9th. HC Wainwright reiterated a "buy" rating and set a $22.00 price target on shares of Redwire in a report on Tuesday, December 23rd. Roth Mkm reiterated a "buy" rating and set a $20.00 price target on shares of Redwire in a report on Wednesday, January 28th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Redwire in a report on Thursday, January 22nd. Finally, Jefferies Financial Group cut their price target on Redwire from $13.00 to $12.00 and set a "buy" rating for the company in a report on Friday, March 6th.

Redwire Stock Up 0.6%

RDW opened at $9.28 on Friday. The business has a 50 day moving average price of $9.16 and a 200 day moving average price of $8.59. Redwire has a twelve month low of $4.87 and a twelve month high of $22.25. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.27 and a current ratio of 1.62. The firm has a market cap of $1.78 billion, a P/E ratio of -3.91 and a beta of 2.49.

Redwire (NYSE:RDW - Get Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The company reported ($0.35) EPS for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.19). Redwire had a negative return on equity of 13.04% and a negative net margin of 67.55%.The business had revenue of $108.79 million for the quarter, compared to analyst estimates of $98.78 million. Research analysts forecast that Redwire will post -0.85 EPS for the current year.

Insider Activity at Redwire

In other news, Director Ae Red Holdings, Llc sold 12,656,683 shares of Redwire stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $10.51, for a total transaction of $133,021,738.33. Following the sale, the director owned 61,541,253 shares of the company's stock, valued at approximately $646,798,569.03. This trade represents a 17.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 45,775,206 shares of company stock worth $495,720,424 in the last three months. 2.60% of the stock is owned by insiders.

Institutional Trading of Redwire

Institutional investors and hedge funds have recently modified their holdings of the company. AE Industrial Partners LP increased its position in shares of Redwire by 139.3% during the second quarter. AE Industrial Partners LP now owns 85,496,745 shares of the company's stock valued at $1,394,000 after purchasing an additional 49,765,262 shares during the period. Andar Capital Management HK Ltd increased its position in shares of Redwire by 76.5% during the third quarter. Andar Capital Management HK Ltd now owns 300,000 shares of the company's stock valued at $2,697,000 after purchasing an additional 130,000 shares during the period. Register Financial Advisors LLC increased its position in shares of Redwire by 46.8% during the third quarter. Register Financial Advisors LLC now owns 327,900 shares of the company's stock valued at $2,948,000 after purchasing an additional 104,597 shares during the period. Voya Investment Management LLC bought a new stake in shares of Redwire during the third quarter valued at approximately $20,372,000. Finally, JPMorgan Chase & Co. increased its position in shares of Redwire by 2,556.0% during the third quarter. JPMorgan Chase & Co. now owns 577,271 shares of the company's stock valued at $5,190,000 after purchasing an additional 555,536 shares during the period. 8.10% of the stock is currently owned by institutional investors.

About Redwire

Redwire Corporation is a space infrastructure company specializing in the design, engineering and manufacturing of mission-critical hardware and software for the spaceflight industry. The company's offerings include deployable structures, solar power systems, radio frequency antennas, advanced composites and transparent optics. Redwire serves a broad customer base that spans civil space agencies, national defense organizations and commercial satellite operators, helping enable missions ranging from communications and Earth observation to deep-space exploration.

Formed through the strategic combination of several specialized space technology firms, Redwire's portfolio encompasses both flight-proven hardware and cutting-edge in-space manufacturing capabilities.

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