Cantor Fitzgerald Comments on Redwire FY2025 Earnings

Redwire Co. (NYSE:RDW - Free Report) - Investment analysts at Cantor Fitzgerald issued their FY2025 earnings per share estimates for shares of Redwire in a research note issued on Tuesday, January 21st. Cantor Fitzgerald analyst A. Sheppard expects that the company will earn ($0.24) per share for the year. Cantor Fitzgerald currently has a "Overweight" rating and a $6.00 target price on the stock. The consensus estimate for Redwire's current full-year earnings is ($0.84) per share.

Other analysts have also issued research reports about the stock. HC Wainwright raised their target price on shares of Redwire from $18.00 to $26.00 and gave the company a "buy" rating in a research report on Wednesday. B. Riley downgraded Redwire from a "buy" rating to a "neutral" rating and upped their price objective for the company from $8.00 to $9.50 in a research note on Tuesday, October 29th. Finally, Roth Mkm lifted their target price on shares of Redwire from $10.00 to $13.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $11.46.

Redwire Price Performance

NYSE:RDW traded up $0.40 during trading hours on Wednesday, hitting $22.05. The company's stock had a trading volume of 2,348,700 shares, compared to its average volume of 2,099,691. The stock has a fifty day simple moving average of $14.33 and a 200-day simple moving average of $9.66. Redwire has a twelve month low of $2.76 and a twelve month high of $23.35. The company has a market capitalization of $1.47 billion, a P/E ratio of -18.22 and a beta of 2.17.

Insiders Place Their Bets

In other news, major shareholder Park Lp Genesis II sold 100,000 shares of the business's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $18.02, for a total value of $1,802,000.00. Following the transaction, the insider now directly owns 4,322,853 shares of the company's stock, valued at $77,897,811.06. The trade was a 2.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders sold 267,656 shares of company stock worth $4,721,852. 2.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Redwire

Several institutional investors have recently added to or reduced their stakes in the business. Barclays PLC increased its stake in shares of Redwire by 55.8% in the 3rd quarter. Barclays PLC now owns 1,181,138 shares of the company's stock valued at $8,115,000 after acquiring an additional 422,854 shares in the last quarter. Geode Capital Management LLC increased its stake in Redwire by 6.3% in the third quarter. Geode Capital Management LLC now owns 523,743 shares of the company's stock valued at $3,599,000 after purchasing an additional 30,963 shares in the last quarter. State Street Corp raised its holdings in shares of Redwire by 8.1% during the third quarter. State Street Corp now owns 473,295 shares of the company's stock valued at $3,252,000 after purchasing an additional 35,519 shares during the period. Harbor Capital Advisors Inc. bought a new position in shares of Redwire during the 3rd quarter worth about $623,000. Finally, Penserra Capital Management LLC grew its stake in shares of Redwire by 16.5% in the 3rd quarter. Penserra Capital Management LLC now owns 74,626 shares of the company's stock valued at $512,000 after buying an additional 10,558 shares during the period. 8.10% of the stock is owned by institutional investors and hedge funds.

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.