Redwire Corporation (NYSE:RDW) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analysts give Redwire an average rating of "Moderate Buy" across 12 firms (1 strong buy, 7 buy, 2 hold, 2 sell) with an average 12‑month target price of $13.89.
• Insider selling has been heavy: Ae Red Holdings sold 7,500,000 shares at an average $9.15 ($68.6M), and insiders have sold 24,763,287 shares (~$243.3M) in the last three months, leaving insiders with about 0.79% ownership.
• Redwire missed the quarter, reporting ($0.40) EPS vs. ($0.16) expected and revenue of $96.97M vs. $105.94M expected, though revenue grew 57.9% YoY and the company remains unprofitable with a negative net margin of 67.55%.

Shares of Redwire Corporation (NYSE:RDW - Get Free Report) have earned an average rating of "Moderate Buy" from the twelve research firms that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $13.8889.

RDW has been the subject of a number of recent analyst reports. Jefferies Financial Group cut their price objective on Redwire from $13.00 to $12.00 and set a "buy" rating for the company in a research report on Friday, March 6th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Redwire in a research report on Tuesday, April 21st. Roth Mkm reissued a "buy" rating and issued a $20.00 price target on shares of Redwire in a report on Wednesday, January 28th. Alliance Global Partners restated a "buy" rating on shares of Redwire in a research report on Wednesday, April 22nd. Finally, Zacks Research raised shares of Redwire from a "strong sell" rating to a "hold" rating in a report on Wednesday, March 11th.

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Insider Buying and Selling at Redwire

In related news, Director Ae Red Holdings, Llc sold 7,500,000 shares of the firm's stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $9.15, for a total value of $68,625,000.00. Following the transaction, the director directly owned 36,135,217 shares of the company's stock, valued at approximately $330,637,235.55. This trade represents a 17.19% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders have sold 24,763,287 shares of company stock worth $243,300,159. 0.79% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Redwire

A number of hedge funds have recently made changes to their positions in the company. 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 worth $2,697,000 after purchasing an additional 130,000 shares in the last quarter. Register Financial Advisors LLC lifted its holdings in Redwire by 46.8% in the 3rd 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 in the last quarter. JPMorgan Chase & Co. lifted its holdings in Redwire by 2,556.0% in the 3rd 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 in the last quarter. Capelight Capital Asset Management LP acquired a new stake in Redwire during the 4th quarter worth $1,330,000. Finally, Canal Insurance CO boosted its stake in Redwire by 50.0% during the 3rd quarter. Canal Insurance CO now owns 300,000 shares of the company's stock worth $2,697,000 after purchasing an additional 100,000 shares during the last quarter. Institutional investors and hedge funds own 8.10% of the company's stock.

Redwire Trading Up 11.6%

RDW stock opened at $9.70 on Thursday. Redwire has a 52-week low of $4.87 and a 52-week high of $22.25. The company has a quick ratio of 1.27, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. The firm has a market cap of $1.86 billion, a P/E ratio of -4.09 and a beta of 2.41. The company's 50-day simple moving average is $9.43 and its 200-day simple moving average is $8.62.

Redwire (NYSE:RDW - Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.24). The business had revenue of $96.97 million during the quarter, compared to analysts' expectations of $105.94 million. Redwire had a negative net margin of 67.55% and a negative return on equity of 13.04%. Redwire's revenue for the quarter was up 57.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.09) EPS. As a group, equities analysts forecast that Redwire will post -0.49 EPS for the current fiscal year.

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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