Redwire (NYSE:RDW) Upgraded to Hold at Wall Street Zen

Redwire (NYSE:RDW - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Friday.

A number of other analysts also recently issued reports on the stock. Roth Capital reissued a "buy" rating on shares of Redwire in a report on Tuesday, June 24th. HC Wainwright restated a "buy" rating and set a $26.00 price objective on shares of Redwire in a research report on Tuesday, June 24th. Truist Financial set a $16.00 price objective on shares of Redwire and gave the stock a "hold" rating in a research report on Thursday, June 26th. Canaccord Genuity Group upped their price objective on shares of Redwire from $20.00 to $21.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Alliance Global Partners restated a "buy" rating on shares of Redwire in a research report on Monday, May 12th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Redwire presently has a consensus rating of "Moderate Buy" and a consensus target price of $19.61.

Redwire Stock Up 1.6%

Shares of Redwire stock traded up $0.31 on Friday, reaching $19.40. The stock had a trading volume of 4,250,404 shares, compared to its average volume of 1,587,560. The company has a 50 day moving average price of $15.78 and a 200 day moving average price of $14.90. Redwire has a 1 year low of $4.87 and a 1 year high of $26.66. The stock has a market capitalization of $2.77 billion, a P/E ratio of -8.58 and a beta of 2.54.

Redwire (NYSE:RDW - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported ($0.20) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.20). The company had revenue of $61.40 million for the quarter, compared to analyst estimates of $74.54 million. On average, analysts forecast that Redwire will post -0.85 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in RDW. Vanguard Group Inc. lifted its position in shares of Redwire by 8.4% during the 4th quarter. Vanguard Group Inc. now owns 1,310,660 shares of the company's stock worth $21,573,000 after buying an additional 101,620 shares during the last quarter. Barclays PLC boosted its position in shares of Redwire by 6.5% during the 4th quarter. Barclays PLC now owns 1,258,366 shares of the company's stock worth $20,713,000 after purchasing an additional 77,228 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of Redwire by 165.7% during the 4th quarter. Federated Hermes Inc. now owns 498,275 shares of the company's stock worth $8,202,000 after purchasing an additional 310,769 shares in the last quarter. LBP AM SA boosted its position in shares of Redwire by 24.8% during the 1st quarter. LBP AM SA now owns 496,230 shares of the company's stock worth $4,114,000 after purchasing an additional 98,616 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Redwire by 352.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 355,265 shares of the company's stock worth $2,945,000 after purchasing an additional 276,814 shares in the last quarter. Hedge funds and other institutional investors own 8.10% of the company's stock.

Redwire Company Profile

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.