Redwire Corporation (NYSE:RDW) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Redwire has a consensus “Hold” rating from 11 analysts, with five buys, one strong buy, three holds and two sells. The average 12-month price target is $14.44.
• Analyst views remain mixed, though Canaccord Genuity and Cantor Fitzgerald recently raised their price targets to $15.00 and $13.50, respectively, while other firms maintained hold or sell ratings.
• Redwire’s latest quarter exceeded expectations, reporting a $0.09 per-share loss versus the projected $0.16 loss and revenue of $117.07 million versus estimates of $107.10 million. The stock opened at $13.57, up 2.8%.

Redwire Corporation (NYSE:RDW - Get Free Report) has been assigned a consensus rating of "Hold" from the eleven research firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $14.4375.

A number of analysts recently issued reports on RDW shares. Canaccord Genuity Group lifted their price target on shares of Redwire from $14.00 to $15.00 and gave the stock a "buy" rating in a research note on Monday, August 10th. Wall Street Zen upgraded shares of Redwire from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. Alliance Global Partners restated a "buy" rating on shares of Redwire in a research note on Thursday, August 6th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Redwire in a report on Friday, July 17th. Finally, Cantor Fitzgerald lifted their target price on Redwire from $9.00 to $13.50 and gave the stock an "overweight" rating in a research report on Wednesday, August 5th.

Insider Buying and Selling

In related news, Director Ae Red Holdings, Llc sold 1,070,565 shares of the business's stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $21.48, for a total transaction of $22,995,736.20. Following the completion of the transaction, the director owned 1,077,419 shares in the company, valued at $23,142,960.12. The trade was a 49.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.79% of the stock is currently owned by insiders.

Institutional Trading of Redwire

Large investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC acquired a new position in shares of Redwire during the first quarter valued at approximately $28,000. KBC Group NV acquired a new stake in Redwire in the first quarter worth approximately $29,000. Sunbelt Securities Inc. boosted its stake in Redwire by 601.1% during the 4th quarter. Sunbelt Securities Inc. now owns 3,961 shares of the company's stock valued at $30,000 after purchasing an additional 3,396 shares in the last quarter. CWM LLC boosted its stake in Redwire by 1,725.0% during the 4th quarter. CWM LLC now owns 4,088 shares of the company's stock valued at $31,000 after purchasing an additional 3,864 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its stake in Redwire by 1,054.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,016 shares of the company's stock valued at $31,000 after purchasing an additional 3,668 shares in the last quarter. 8.10% of the stock is currently owned by institutional investors and hedge funds.

Redwire Stock Up 2.8%

RDW opened at $13.57 on Friday. The firm has a 50 day moving average price of $11.56 and a 200 day moving average price of $11.39. The company has a market cap of $3.24 billion, a PE ratio of -9.30 and a beta of 3.05. Redwire has a 1 year low of $4.87 and a 1 year high of $26.64. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.37 and a current ratio of 3.92.

Redwire (NYSE:RDW - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.07. The business had revenue of $117.07 million for the quarter, compared to analyst estimates of $107.10 million. Redwire had a negative net margin of 57.26% and a negative return on equity of 11.02%. Sell-side analysts expect that Redwire will post -0.68 earnings per share for the current 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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