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

Redwire Co. (NYSE:RDW) has been assigned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $10.13.

Several analysts have recently commented on the stock. HC Wainwright reissued a “buy” rating and set a $18.00 price target on shares of Redwire in a research note on Wednesday, December 11th. B. Riley lowered Redwire from a “buy” rating to a “neutral” rating and increased their price objective for the company from $8.00 to $9.50 in a research report on Tuesday, October 29th. Roth Mkm boosted their target price on Redwire from $10.00 to $13.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $6.00 price target on shares of Redwire in a report on Monday, September 30th.

Insider Buying and Selling

In related news, major shareholder Park Lp Genesis II sold 5,371 shares of Redwire stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $18.01, for a total transaction of $96,731.71. Following the transaction, the insider now owns 4,598,056 shares of the company’s stock, valued at $82,810,988.56. This trade represents a 0.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 267,656 shares of company stock valued at $4,721,852 over the last three months. Company insiders own 2.60% of the company’s stock.

Institutional Trading of Redwire

A number of large investors have recently made changes to their positions in the company. SG Americas Securities LLC grew its stake in Redwire by 39.6% in the third quarter. SG Americas Securities LLC now owns 21,870 shares of the company’s stock valued at $150,000 after acquiring an additional 6,200 shares during the period. MetLife Investment Management LLC lifted its holdings in shares of Redwire by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 14,058 shares of the company’s stock valued at $97,000 after purchasing an additional 7,921 shares in the last quarter. Arkadios Wealth Advisors acquired a new position in shares of Redwire in the 4th quarter valued at approximately $165,000. The Manufacturers Life Insurance Company bought a new stake in Redwire during the 2nd quarter worth approximately $74,000. Finally, Penserra Capital Management LLC raised its holdings in Redwire by 16.5% during 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 period. Institutional investors own 8.10% of the company’s stock.

Redwire Stock Up 51.9 %

Shares of NYSE:RDW opened at $22.41 on Wednesday. The firm has a market cap of $1.49 billion, a P/E ratio of -18.52 and a beta of 2.17. Redwire has a 12 month low of $2.76 and a 12 month high of $22.50. The company’s 50-day moving average price is $13.86 and its two-hundred day moving average price is $9.47.

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.