Redwire Co. (NYSE:RDW) CFO Buys $24,694.60 in Stock

Redwire Co. (NYSE:RDW - Get Free Report) CFO Jonathan Baliff purchased 2,170 shares of the stock in a transaction on Wednesday, March 19th. The stock was acquired at an average price of $11.38 per share, with a total value of $24,694.60. Following the acquisition, the chief financial officer now directly owns 1,028,954 shares in the company, valued at $11,709,496.52. This trade represents a 0.21 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Redwire Trading Up 0.1 %

NYSE:RDW traded up $0.02 during mid-day trading on Monday, hitting $11.49. The company had a trading volume of 1,956,383 shares, compared to its average volume of 840,040. Redwire Co. has a 1 year low of $3.39 and a 1 year high of $26.66. The business has a fifty day simple moving average of $17.37 and a 200-day simple moving average of $12.92. The firm has a market capitalization of $764.22 million, a price-to-earnings ratio of -9.49 and a beta of 2.33.

Institutional Investors Weigh In On Redwire

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio purchased a new stake in shares of Redwire during the fourth quarter worth about $587,000. Squarepoint Ops LLC acquired a new stake in Redwire during the 4th quarter valued at approximately $489,000. Two Sigma Advisers LP purchased a new stake in Redwire during the 4th quarter worth approximately $339,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Redwire by 4.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,876 shares of the company's stock valued at $212,000 after purchasing an additional 532 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new position in shares of Redwire during the 4th quarter valued at approximately $4,830,000. Hedge funds and other institutional investors own 8.10% of the company's stock.

Remove Ads

Wall Street Analyst Weigh In

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