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

Redwire Co. (NYSE:RDW - Get Free Report) has been given a consensus rating of "Moderate Buy" by the six brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $17.71.

RDW has been the subject of several research reports. HC Wainwright restated a "buy" rating and issued a $26.00 price objective on shares of Redwire in a report on Wednesday, March 12th. B. Riley decreased their price target on shares of Redwire from $27.00 to $25.00 and set a "neutral" rating for the company in a research note on Wednesday, March 12th. Alliance Global Partners reaffirmed a "buy" rating on shares of Redwire in a research report on Tuesday, March 11th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $28.00 target price on shares of Redwire in a research report on Tuesday, March 11th.

Redwire Stock Performance

Shares of Redwire stock traded down $0.54 during midday trading on Monday, reaching $8.67. 1,016,457 shares of the company's stock traded hands, compared to its average volume of 2,087,281. The company has a market cap of $655.22 million, a PE ratio of -7.17 and a beta of 2.33. The stock has a 50 day moving average of $16.35 and a 200-day moving average of $13.08. Redwire has a 12 month low of $3.39 and a 12 month high of $26.66.

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Insider Buying and Selling

In related news, major shareholder Park Lp Genesis II sold 100,000 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $18.02, for a total transaction of $1,802,000.00. Following the sale, the insider now directly owns 4,322,853 shares of the company's stock, valued at approximately $77,897,811.06. This represents a 2.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 589,213 shares of company stock worth $12,059,370 in the last 90 days. Insiders own 2.60% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in RDW. Public Employees Retirement System of Ohio purchased a new position in Redwire in the 4th quarter worth approximately $587,000. Squarepoint Ops LLC bought a new position in shares of Redwire during the fourth quarter valued at $489,000. Two Sigma Advisers LP purchased a new stake in shares of Redwire during the fourth quarter valued at $339,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Redwire by 4.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,876 shares of the company's stock worth $212,000 after buying an additional 532 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new position in Redwire in the 4th quarter worth about $4,830,000. 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.