Redwire Co. (NYSE:RDW) Receives $18.04 Consensus PT from Analysts

Shares of Redwire Co. (NYSE:RDW) have been assigned a consensus rating of “Buy” from the six brokerages that are presently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1 year target price among brokers that have covered the stock in the last year is $18.04.

Several research analysts have recently weighed in on RDW shares. HC Wainwright lifted their target price on shares of Redwire from $18.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. B. Riley upgraded shares of Redwire from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $9.50 to $27.00 in a research report on Monday, January 27th. Roth Mkm increased their target price on Redwire from $10.00 to $13.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Cantor Fitzgerald began coverage on Redwire in a report on Friday, January 24th. They set an “overweight” rating and a $28.00 price target on the stock.

Insider Transactions 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 shares were sold at an average price of $16.99, for a total value of $1,526,891.30. Following the transaction, the insider now directly owns 4,603,427 shares in the company, valued at approximately $78,212,224.73. This trade represents a 1.91 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders have sold a total of 674,339 shares of company stock worth $13,439,120 in the last 90 days. 2.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Redwire

Hedge funds have recently bought and sold shares of the company. Barclays PLC lifted its position in shares of Redwire by 55.8% during the 3rd quarter. Barclays PLC now owns 1,181,138 shares of the company’s stock worth $8,115,000 after purchasing an additional 422,854 shares during the last quarter. Andar Capital Management HK Ltd acquired a new position in shares of Redwire during the fourth quarter worth approximately $3,621,000. Vanguard Group Inc. boosted its position in shares of Redwire by 8.4% in the fourth quarter. Vanguard Group Inc. now owns 1,310,660 shares of the company’s stock valued at $21,573,000 after acquiring an additional 101,620 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in shares of Redwire in the third quarter worth $623,000. Finally, Van ECK Associates Corp bought a new position in Redwire during the fourth quarter worth $1,151,000. 8.10% of the stock is currently owned by institutional investors.

Redwire Trading Down 7.3 %

Shares of RDW opened at $21.92 on Friday. The business’s 50-day moving average price is $16.94 and its 200 day moving average price is $11.07. The stock has a market capitalization of $1.46 billion, a P/E ratio of -18.12 and a beta of 2.23. Redwire has a 1-year low of $2.89 and a 1-year high of $26.66.

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.