Redwire Co. (NYSE:RDW) Receives $17.71 Consensus PT from Analysts

Shares of Redwire Co. (NYSE:RDW - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $17.71.

A number of analysts have weighed in on RDW shares. Alliance Global Partners reissued a "buy" rating on shares of Redwire in a report on Tuesday, March 11th. B. Riley reduced their price target on shares of Redwire from $27.00 to $25.00 and set a "neutral" rating for the company in a research report 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. Finally, HC Wainwright reissued a "buy" rating and issued a $26.00 target price on shares of Redwire in a report on Wednesday, March 12th.

Insider Buying and Selling at Redwire

In other news, major shareholder Park Lp Genesis II sold 6,683 shares of the business's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $22.56, for a total value of $150,768.48. Following the transaction, the insider now owns 3,704,664 shares of the company's stock, valued at approximately $83,577,219.84. The trade was a 0.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have sold 66,798 shares of company stock worth $1,554,641. 2.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Redwire

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vontobel Holding Ltd. acquired a new stake in shares of Redwire in the 1st quarter worth $139,000. Oppenheimer & Co. Inc. purchased a new stake in Redwire in the 1st quarter valued at approximately $269,000. FNY Investment Advisers LLC acquired a new position in Redwire during the 1st quarter worth approximately $47,000. Tcfg Wealth Management LLC purchased a new position in shares of Redwire during the 1st quarter worth approximately $166,000. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of Redwire by 7.6% in the 1st quarter. Harbor Capital Advisors Inc. now owns 97,091 shares of the company's stock valued at $805,000 after buying an additional 6,820 shares during the period. 8.10% of the stock is currently owned by hedge funds and other institutional investors.

Redwire Stock Performance

Shares of NYSE RDW remained flat at $11.20 during midday trading on Friday. The stock had a trading volume of 845,197 shares, compared to its average volume of 977,469. The firm has a fifty day simple moving average of $11.22 and a two-hundred day simple moving average of $13.42. The company has a market cap of $846.42 million, a P/E ratio of -9.26 and a beta of 2.51. Redwire has a 1-year low of $3.77 and a 1-year high of $26.66.

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.