Redwire Corporation (NYSE:RDW) Receives $15.44 Average Price Target from Brokerages

Redwire Corporation (NYSE:RDW) has earned a consensus recommendation of “Moderate Buy” from the twelve research firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $15.4444.

Several analysts have commented on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Redwire in a research note on Friday, July 17th. Jefferies Financial Group raised Redwire to a “hold” rating in a report on Wednesday, June 10th. Wall Street Zen downgraded Redwire from a “hold” rating to a “sell” rating in a research report on Saturday, July 4th. Alliance Global Partners restated a “buy” rating on shares of Redwire in a research report on Wednesday, April 22nd. Finally, Truist Financial raised Redwire to a “strong-buy” rating in a research note on Friday, May 1st.

Insider Transactions at Redwire

In other Redwire news, Director Ae Red Holdings, Llc sold 1,070,565 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $21.48, for a total value of $22,995,736.20. Following the transaction, the director owned 1,077,419 shares of the company’s stock, valued at $23,142,960.12. This represents a 49.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.79% of the stock is currently owned by insiders.

Institutional Trading of Redwire

Several institutional investors and hedge funds have recently modified their holdings of RDW. Bank of America Corp DE grew its position in shares of Redwire by 7,512.5% during the 1st quarter. Bank of America Corp DE now owns 6,820,003 shares of the company’s stock worth $57,970,000 after buying an additional 6,730,414 shares in the last quarter. State Street Corp raised its holdings in shares of Redwire by 61.1% in the fourth quarter. State Street Corp now owns 4,708,600 shares of the company’s stock valued at $35,785,000 after acquiring an additional 1,786,038 shares in the last quarter. UBS Group AG raised its holdings in shares of Redwire by 140.8% in the fourth quarter. UBS Group AG now owns 2,039,902 shares of the company’s stock valued at $15,503,000 after acquiring an additional 1,192,885 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Redwire during the 4th quarter worth about $7,676,000. Finally, Van ECK Associates Corp increased its position in Redwire by 231.0% during the 4th quarter. Van ECK Associates Corp now owns 1,436,535 shares of the company’s stock valued at $10,918,000 after purchasing an additional 1,002,504 shares during the period. Institutional investors own 8.10% of the company’s stock.

Redwire Trading Up 1.7%

Shares of Redwire stock opened at $8.84 on Tuesday. Redwire has a fifty-two week low of $4.87 and a fifty-two week high of $26.64. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.75. The company has a market capitalization of $2.11 billion, a P/E ratio of -3.30 and a beta of 3.01. The company has a fifty day moving average of $13.93 and a 200 day moving average of $11.37.

Redwire (NYSE:RDW) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.24). The business had revenue of $96.97 million during the quarter, compared to analysts’ expectations of $105.94 million. Redwire had a negative net margin of 80.90% and a negative return on equity of 11.68%. Redwire’s revenue was up 57.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.09) earnings per share. On average, sell-side analysts anticipate that Redwire will post -0.81 earnings per share for the current fiscal year.

About Redwire

Redwire Corporation is a space infrastructure company specializing in the design, engineering and manufacturing of mission-critical hardware and software for the spaceflight industry. The company’s offerings include deployable structures, solar power systems, radio frequency antennas, advanced composites and transparent optics. Redwire serves a broad customer base that spans civil space agencies, national defense organizations and commercial satellite operators, helping enable missions ranging from communications and Earth observation to deep-space exploration.

Formed through the strategic combination of several specialized space technology firms, Redwire’s portfolio encompasses both flight-proven hardware and cutting-edge in-space manufacturing capabilities.