Redwire (NYSE:RDW) Price Target Lowered to $25.00 at B. Riley

Redwire (NYSE:RDW) had its price objective cut by B. Riley from $27.00 to $25.00 in a research note published on Wednesday,Benzinga reports. They currently have a neutral rating on the stock. B. Riley also issued estimates for Redwire’s Q1 2025 earnings at $0.00 EPS, Q2 2025 earnings at $0.01 EPS, Q3 2025 earnings at $0.02 EPS, Q4 2025 earnings at $0.04 EPS, FY2025 earnings at $0.08 EPS and FY2026 earnings at $0.30 EPS.

Other equities research analysts have also issued research reports about the stock. Cantor Fitzgerald reissued an “overweight” rating and set a $28.00 price objective on shares of Redwire in a research note on Tuesday. HC Wainwright reissued a “buy” rating and set a $26.00 price objective on shares of Redwire in a research note on Wednesday. Finally, Alliance Global Partners reiterated a “buy” rating on shares of Redwire in a research note on Tuesday. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.71.

Redwire Price Performance

NYSE:RDW opened at $10.61 on Wednesday. Redwire has a one year low of $3.17 and a one year high of $26.66. The company’s 50-day simple moving average is $17.90 and its 200 day simple moving average is $12.67. The firm has a market capitalization of $706.13 million, a P/E ratio of -8.77 and a beta of 2.33.

Insider Transactions at Redwire

In related news, major shareholder Park Lp Genesis II sold 89,870 shares of the stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $16.99, for a total transaction of $1,526,891.30. Following the transaction, the insider now owns 4,603,427 shares in the company, valued at $78,212,224.73. This represents a 1.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders have sold 684,454 shares of company stock worth $13,682,993. Corporate insiders own 2.60% of the company’s stock.

Institutional Trading of Redwire

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Redwire by 8.4% during the fourth quarter. Vanguard Group Inc. now owns 1,310,660 shares of the company’s stock valued at $21,573,000 after buying an additional 101,620 shares during the last quarter. Barclays PLC increased its holdings in Redwire by 6.5% during the fourth quarter. Barclays PLC now owns 1,258,366 shares of the company’s stock valued at $20,713,000 after buying an additional 77,228 shares during the last quarter. Geode Capital Management LLC increased 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 valued at $3,599,000 after buying an additional 30,963 shares during the last quarter. Federated Hermes Inc. increased its holdings in Redwire by 165.7% during the fourth quarter. Federated Hermes Inc. now owns 498,275 shares of the company’s stock valued at $8,202,000 after buying an additional 310,769 shares during the last quarter. Finally, State Street Corp increased its holdings in Redwire by 8.1% during the third quarter. State Street Corp now owns 473,295 shares of the company’s stock valued at $3,252,000 after buying an additional 35,519 shares during the last quarter. 8.10% of the stock is owned by hedge funds and other institutional investors.

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.