Redwire Co. (NYSE:RDW) Receives $10.13 Average Price Target from Brokerages

Redwire Co. (NYSE:RDW - Get Free Report) has received a consensus rating of "Moderate Buy" from the six analysts that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $10.13.

Several brokerages have recently weighed in on RDW. Roth Mkm increased their price target on Redwire from $10.00 to $13.00 and gave the company a "buy" rating in a research note on Friday, November 8th. HC Wainwright reissued a "buy" rating and set a $18.00 target price on shares of Redwire in a research report on Wednesday, December 11th. B. Riley lowered shares of 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, Cantor Fitzgerald reissued an "overweight" rating and set a $6.00 target price on shares of Redwire in a research note on Monday, September 30th.

Redwire Stock Performance

Shares of NYSE:RDW traded up $1.19 during mid-day trading on Friday, reaching $13.89. 1,133,452 shares of the company's stock were exchanged, compared to its average volume of 400,673. The firm has a market capitalization of $924.25 million, a price-to-earnings ratio of -11.48 and a beta of 2.25. Redwire has a twelve month low of $2.68 and a twelve month high of $15.25. The business's fifty day moving average price is $10.77 and its 200-day moving average price is $8.02.

Institutional Trading of Redwire

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

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.