Redwire (NYSE:RDW – Get Free Report) had its price objective boosted by HC Wainwright from $18.00 to $26.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. HC Wainwright’s target price indicates a potential upside of 17.94% from the stock’s previous close.
A number of other analysts have also recently weighed in on RDW. B. Riley cut shares of Redwire from a “buy” rating to a “neutral” rating and raised their price target for the company from $8.00 to $9.50 in a report on Tuesday, October 29th. Roth Mkm raised their target price on shares of Redwire from $10.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $6.00 price target on shares of Redwire in a report on Monday, September 30th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $11.46.
Read Our Latest Stock Report on Redwire
Redwire Price Performance
Insider Buying and Selling at Redwire
In related news, major shareholder Park Lp Genesis II sold 89,870 shares of the firm’s stock in a transaction on Friday, December 27th. The stock was sold at an average price of $16.99, for a total value of $1,526,891.30. Following the completion of the transaction, the insider now owns 4,603,427 shares in the company, valued at $78,212,224.73. This trade represents a 1.91 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last quarter, insiders have sold 417,656 shares of company stock worth $7,663,352. 2.60% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of RDW. Vontobel Holding Ltd. acquired a new stake in shares of Redwire during the third quarter worth about $74,000. The Manufacturers Life Insurance Company acquired a new stake in Redwire during the 2nd quarter valued at approximately $74,000. AQR Capital Management LLC purchased a new stake in shares of Redwire in the 2nd quarter valued at $89,000. MetLife Investment Management LLC increased its stake in shares of Redwire by 129.1% in the third quarter. MetLife Investment Management LLC now owns 14,058 shares of the company’s stock worth $97,000 after acquiring an additional 7,921 shares during the period. Finally, Stifel Financial Corp purchased a new position in shares of Redwire during the third quarter worth $139,000. 8.10% of the stock is owned by institutional investors and hedge funds.
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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