Redwire (NYSE:RDW) Receives "Buy" Rating from HC Wainwright

Redwire (NYSE:RDW - Get Free Report)'s stock had its "buy" rating reiterated by stock analysts at HC Wainwright in a report released on Wednesday,Benzinga reports. They presently have a $26.00 price objective on the stock. HC Wainwright's price objective indicates a potential upside of 152.55% from the stock's previous close.

Other analysts have also recently issued research reports about the stock. B. Riley upgraded shares of Redwire from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $9.50 to $27.00 in a research note on Monday, January 27th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $28.00 target price on shares of Redwire in a research report on Tuesday. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, Redwire presently has a consensus rating of "Buy" and an average price target of $18.04.

Redwire Stock Performance

Shares of Redwire stock opened at $10.30 on Wednesday. The stock's fifty day moving average is $18.33 and its 200 day moving average is $12.69. Redwire has a one year low of $3.01 and a one year high of $26.66. The stock has a market cap of $685.04 million, a P/E ratio of -8.51 and a beta of 2.33.

Insider Activity at Redwire

In other Redwire news, major shareholder Park Lp Genesis II sold 5,371 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $18.01, for a total value of $96,731.71. Following the sale, the insider now owns 4,598,056 shares in the company, valued at $82,810,988.56. This trade represents a 0.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 684,454 shares of company stock worth $13,682,993 in the last quarter. 2.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Redwire

Several large investors have recently added to or reduced their stakes in the stock. Mesirow Financial Investment Management Inc. bought a new stake in Redwire during the 4th quarter valued at $448,000. State Street Corp raised its holdings in shares of 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 purchasing an additional 35,519 shares in the last quarter. Brookstone Capital Management bought a new position in shares of Redwire during the fourth quarter valued at approximately $329,000. Stifel Financial Corp purchased a new position in Redwire during the third quarter valued at approximately $139,000. Finally, Barclays PLC boosted its position in Redwire by 55.8% during the 3rd quarter. Barclays PLC now owns 1,181,138 shares of the company's stock valued at $8,115,000 after acquiring an additional 422,854 shares in the last quarter. 8.10% of the stock is owned by hedge funds and other institutional investors.

About Redwire

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.

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