Barclays PLC Has $20.71 Million Stock Position in Redwire Co. (NYSE:RDW)

Barclays PLC grew its stake in shares of Redwire Co. (NYSE:RDW - Free Report) by 6.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,258,366 shares of the company's stock after acquiring an additional 77,228 shares during the period. Barclays PLC owned 1.89% of Redwire worth $20,713,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in RDW. Vanguard Group Inc. lifted its holdings in 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 purchasing an additional 101,620 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Redwire by 6.3% during the third quarter. Geode Capital Management LLC now owns 523,743 shares of the company's stock worth $3,599,000 after buying an additional 30,963 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of Redwire by 165.7% in the fourth quarter. Federated Hermes Inc. now owns 498,275 shares of the company's stock valued at $8,202,000 after acquiring an additional 310,769 shares during the period. State Street Corp grew its stake in shares of Redwire by 8.1% in the third quarter. State Street Corp now owns 473,295 shares of the company's stock valued at $3,252,000 after acquiring an additional 35,519 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in Redwire by 22.4% during the fourth quarter. Renaissance Technologies LLC now owns 324,200 shares of the company's stock worth $5,336,000 after acquiring an additional 59,400 shares during the period. Institutional investors own 8.10% of the company's stock.

Redwire Trading Up 3.1 %

RDW stock opened at $10.13 on Friday. The firm has a 50-day moving average price of $12.63 and a 200-day moving average price of $13.28. Redwire Co. has a 12 month low of $3.54 and a 12 month high of $26.66. The stock has a market capitalization of $765.78 million, a P/E ratio of -8.37 and a beta of 2.51.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on RDW shares. Alliance Global Partners reissued a "buy" rating on shares of Redwire in a report on Tuesday, March 11th. B. Riley reduced their price target on Redwire from $27.00 to $25.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 12th. HC Wainwright reaffirmed a "buy" rating and issued a $26.00 price objective on shares of Redwire in a report on Wednesday, March 12th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $28.00 target price on shares of Redwire in a report on Tuesday, March 11th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Redwire currently has an average rating of "Moderate Buy" and an average target price of $17.71.

Insider Buying and Selling at Redwire

In related news, major shareholder Park Lp Genesis II sold 150,000 shares of the firm's stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $19.61, for a total transaction of $2,941,500.00. Following the sale, the insider now owns 4,157,489 shares of the company's stock, valued at $81,528,359.29. This trade represents a 3.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold 416,798 shares of company stock worth $8,961,141 over the last quarter. Corporate insiders own 2.60% 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.

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