Federated Hermes Inc. Boosts Stock Holdings in Redwire Co. (NYSE:RDW)

Federated Hermes Inc. grew its stake in shares of Redwire Co. (NYSE:RDW - Free Report) by 165.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 498,275 shares of the company's stock after purchasing an additional 310,769 shares during the quarter. Federated Hermes Inc. owned approximately 0.75% of Redwire worth $8,202,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC increased its position in 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 during the period. Andar Capital Management HK Ltd acquired a new stake in shares of Redwire during the fourth quarter worth $3,621,000. Vanguard Group Inc. grew its position in Redwire by 8.4% in the 4th quarter. Vanguard Group Inc. now owns 1,310,660 shares of the company's stock valued at $21,573,000 after buying an additional 101,620 shares during the last quarter. Van ECK Associates Corp purchased a new position in Redwire during the 4th quarter worth $1,151,000. Finally, State Street Corp lifted its stake in shares of Redwire by 8.1% in the 3rd quarter. State Street Corp now owns 473,295 shares of the company's stock worth $3,252,000 after acquiring an additional 35,519 shares during the period. Institutional investors and hedge funds own 8.10% of the company's stock.

Redwire Trading Down 4.6 %

Shares of NYSE:RDW traded down $0.47 on Wednesday, hitting $9.71. The company had a trading volume of 426,412 shares, compared to its average volume of 943,275. The company has a market cap of $734.12 million, a PE ratio of -8.02 and a beta of 2.51. The business has a 50 day moving average of $13.36 and a 200 day moving average of $13.21. Redwire Co. has a 52-week low of $3.39 and a 52-week high of $26.66.

Insiders Place Their Bets

In other news, major shareholder Park Lp Genesis II sold 100,000 shares of the firm's stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $21.92, for a total transaction of $2,192,000.00. Following the sale, the insider now owns 4,007,489 shares in the company, valued at $87,844,158.88. This trade represents a 2.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 416,798 shares of company stock valued at $8,961,141 in the last ninety days. Insiders own 2.60% of the company's stock.

Analyst Upgrades and Downgrades

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

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.