Redwire Co. (NYSE:RDW) Given Consensus Rating of "Moderate Buy" by Analysts

Shares of Redwire Co. (NYSE:RDW - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the six ratings firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $10.13.

RDW has been the topic of several research analyst reports. HC Wainwright initiated coverage on shares of Redwire in a research report on Tuesday. They set a "buy" rating and a $18.00 price target on the stock. B. Riley lowered shares of Redwire from a "buy" rating to a "neutral" rating and boosted their price objective for the stock from $8.00 to $9.50 in a research note on Tuesday, October 29th. Alliance Global Partners boosted their price objective on shares of Redwire from $7.00 to $8.25 and gave the stock a "buy" rating in a research note on Tuesday, July 30th. Roth Mkm boosted their price objective on shares of Redwire from $10.00 to $13.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $6.00 price objective on shares of Redwire in a research note on Monday, September 30th.

Redwire Stock Performance

Shares of NYSE RDW traded down $0.06 during midday trading on Tuesday, hitting $13.71. 1,021,888 shares of the company traded hands, compared to its average volume of 367,940. Redwire has a 12-month low of $2.49 and a 12-month high of $14.40. The stock has a 50-day moving average price of $8.46 and a 200 day moving average price of $6.99. The firm has a market cap of $912.26 million, a P/E ratio of -11.37 and a beta of 1.93.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC lifted its stake in shares of Redwire by 6.3% in 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. Barclays PLC lifted its position in Redwire by 55.8% during the third quarter. Barclays PLC now owns 1,181,138 shares of the company's stock valued at $8,115,000 after purchasing an additional 422,854 shares during the period. State Street Corp lifted its position in 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. Stifel Financial Corp bought a new position in Redwire during the third quarter valued at approximately $139,000. Finally, MetLife Investment Management LLC lifted its position in Redwire by 129.1% during the third quarter. MetLife Investment Management LLC now owns 14,058 shares of the company's stock valued at $97,000 after purchasing an additional 7,921 shares during the period. Institutional investors own 8.10% 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.