Vanguard Group Inc. Buys 101,620 Shares of Redwire Co. (NYSE:RDW)

Vanguard Group Inc. boosted its position in Redwire Co. (NYSE:RDW - Free Report) by 8.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,310,660 shares of the company's stock after purchasing an additional 101,620 shares during the period. Vanguard Group Inc. owned about 1.97% of Redwire worth $21,573,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its holdings in shares of Redwire by 45.7% in the fourth quarter. Jones Financial Companies Lllp now owns 4,372 shares of the company's stock valued at $72,000 after acquiring an additional 1,372 shares in the last quarter. US Bancorp DE purchased a new position in Redwire in the fourth quarter worth $119,000. Stifel Financial Corp bought a new position in Redwire in the 3rd quarter valued at $139,000. Quantbot Technologies LP purchased a new stake in shares of Redwire during the 4th quarter valued at $154,000. Finally, Arkadios Wealth Advisors bought a new stake in shares of Redwire during the 4th quarter worth $165,000. Hedge funds and other institutional investors own 8.10% of the company's stock.

Insider Transactions at Redwire

In related news, major shareholder Park Lp Genesis II sold 10,115 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $24.11, for a total transaction of $243,872.65. Following the sale, the insider now owns 3,644,566 shares of the company's stock, valued at approximately $87,870,486.26. This represents a 0.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 416,798 shares of company stock valued at $8,961,141 over the last three months. Company insiders own 2.60% of the company's stock.

Analyst Upgrades and Downgrades

RDW has been the subject of a number of research analyst reports. HC Wainwright restated a "buy" rating and set a $26.00 price objective on shares of Redwire in a report on Wednesday, March 12th. Alliance Global Partners restated a "buy" rating on shares of Redwire in a research note on Tuesday, March 11th. B. Riley dropped their price objective on Redwire from $27.00 to $25.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 12th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $28.00 price objective on shares of Redwire in a report on Tuesday, March 11th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Redwire has a consensus rating of "Moderate Buy" and an average target price of $17.71.

Redwire Stock Up 3.1 %

RDW traded up $0.30 on Friday, hitting $10.13. The company's stock had a trading volume of 1,243,965 shares, compared to its average volume of 961,358. The company's 50 day simple moving average is $12.63 and its 200-day simple moving average is $13.32. Redwire Co. has a 12 month low of $3.54 and a 12 month high of $26.66. The firm has a market cap of $765.78 million, a P/E ratio of -8.37 and a beta of 2.51.

About Redwire

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.