Redwire (NYSE:RDW) Stock Rating Upgraded by Truist Financial

Key Points

• Truist Financial upgraded Redwire from "hold" to "buy" and raised its target to $15 (from $13), implying roughly a 74.6% upside from the stock's current level.
• Redwire missed quarterly EPS (‑$0.35 vs. estimate ‑$0.16) despite revenue beating estimates, and the stock trades around $8.59 with a market cap of $1.42 billion and a negative P/E.
• Significant insider selling: insiders have sold about 40.4 million shares (≈$453 million) over the last 90 days, with insiders now owning roughly 2.6% of the company.

Redwire (NYSE:RDW - Get Free Report) was upgraded by analysts at Truist Financial from a "hold" rating to a "buy" rating in a research report issued on Monday,Benzinga reports. The brokerage presently has a $15.00 target price on the stock, up from their previous target price of $13.00. Truist Financial's target price indicates a potential upside of 74.62% from the company's current price.

Several other brokerages also recently issued reports on RDW. Roth Mkm reiterated a "buy" rating and set a $20.00 price objective on shares of Redwire in a research report on Wednesday, January 28th. Canaccord Genuity Group raised their price objective on shares of Redwire from $11.00 to $12.00 and gave the company a "buy" rating in a research note on Friday, February 27th. Bank of America cut their price target on shares of Redwire from $9.00 to $6.00 and set an "underperform" rating for the company in a report on Wednesday, November 19th. Cantor Fitzgerald reduced their price objective on Redwire from $20.00 to $9.00 and set an "overweight" rating for the company in a research note on Wednesday, December 10th. Finally, KeyCorp began coverage on Redwire in a research note on Thursday, December 18th. They issued a "sector weight" rating on the stock. Eight research analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $13.89.

Redwire Stock Down 5.3%

RDW stock opened at $8.59 on Monday. The stock has a market cap of $1.42 billion, a PE ratio of -3.62 and a beta of 2.50. The firm's 50-day simple moving average is $9.81 and its 200 day simple moving average is $8.47. Redwire has a fifty-two week low of $4.87 and a fifty-two 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.

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

Insider Transactions at Redwire

In other news, Director Ae Red Holdings, Llc sold 49,985 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $10.01, for a total value of $500,349.85. Following the completion of the sale, the director owned 45,094,000 shares in the company, valued at $451,390,940. This represents a 0.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders have sold 40,400,346 shares of company stock worth $453,127,301. 2.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Redwire

Several hedge funds have recently bought and sold shares of RDW. Farther Finance Advisors LLC raised its position in Redwire by 4.4% during the fourth quarter. Farther Finance Advisors LLC now owns 20,897 shares of the company's stock valued at $159,000 after acquiring an additional 877 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Redwire by 32.3% in the second quarter. Tower Research Capital LLC TRC now owns 6,279 shares of the company's stock worth $102,000 after purchasing an additional 1,533 shares in the last quarter. Jones Financial Companies Lllp increased its position in Redwire by 24.0% during the third quarter. Jones Financial Companies Lllp now owns 12,617 shares of the company's stock worth $111,000 after buying an additional 2,442 shares during the last quarter. Huntleigh Advisors Inc. raised its holdings in Redwire by 4.2% during the third quarter. Huntleigh Advisors Inc. now owns 61,837 shares of the company's stock valued at $556,000 after buying an additional 2,488 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey lifted its position in shares of Redwire by 71.2% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 7,724 shares of the company's stock worth $126,000 after buying an additional 3,213 shares during the last quarter. 8.10% of the stock is owned by hedge funds and other institutional investors.

Redwire Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.