7,257 Shares in Redwire Co. (NYSE:RDW) Purchased by US Bancorp DE

US Bancorp DE purchased a new position in shares of Redwire Co. (NYSE:RDW) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,257 shares of the company’s stock, valued at approximately $119,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in RDW. Barclays PLC boosted its holdings in Redwire by 55.8% during the third 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. Van ECK Associates Corp purchased a new position in Redwire during the fourth quarter worth about $1,151,000. State Street Corp boosted its holdings in Redwire by 8.1% during the third quarter. State Street Corp now owns 473,295 shares of the company’s stock worth $3,252,000 after purchasing an additional 35,519 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Redwire by 6.3% during the third quarter. Geode Capital Management LLC now owns 523,743 shares of the company’s stock worth $3,599,000 after purchasing an additional 30,963 shares during the last quarter. Finally, Stifel Financial Corp purchased a new position in Redwire during the third quarter worth about $139,000. 8.10% of the stock is currently owned by hedge funds and other institutional investors.

Redwire Price Performance

NYSE RDW opened at $10.61 on Monday. Redwire Co. has a 1 year low of $3.35 and a 1 year high of $26.66. The stock has a market capitalization of $706.13 million, a PE ratio of -8.77 and a beta of 2.33. The company’s 50 day simple moving average is $17.90 and its two-hundred day simple moving average is $12.75.

Insider Activity

In other news, major shareholder Park Lp Genesis II sold 150,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $19.61, for a total transaction of $2,941,500.00. Following the sale, the insider now owns 4,157,489 shares in the company, valued at approximately $81,528,359.29. This trade represents a 3.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last quarter, insiders have sold 684,454 shares of company stock worth $13,682,993. 2.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

RDW has been the topic of a number of research analyst reports. Alliance Global Partners reiterated a “buy” rating on shares of Redwire in a research note on Tuesday, March 11th. HC Wainwright reaffirmed a “buy” rating and issued a $26.00 price objective on shares of Redwire in a report on Wednesday, March 12th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $28.00 price objective on shares of Redwire in a report on Tuesday, March 11th. Finally, B. Riley cut their price objective on shares of Redwire from $27.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, March 12th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $17.71.

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.