Redwire Corporation (NYSE:RDW) Receives Average Rating of “Moderate Buy” from Analysts

Redwire Corporation (NYSE:RDW) has been assigned a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $13.8889.

A number of equities research analysts have recently issued reports on the company. Alliance Global Partners restated a “buy” rating on shares of Redwire in a research report on Wednesday, April 22nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Redwire in a research note on Tuesday, April 21st. Canaccord Genuity Group upped their target price on Redwire from $11.00 to $12.00 and gave the company a “buy” rating in a report on Friday, February 27th. Zacks Research raised Redwire from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 11th. Finally, Jefferies Financial Group reduced their price target on Redwire from $13.00 to $12.00 and set a “buy” rating on the stock in a report on Friday, March 6th.

Insider Transactions at Redwire

In other Redwire news, Director Ae Red Holdings, Llc sold 977,887 shares of Redwire stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $10.57, for a total transaction of $10,336,265.59. Following the transaction, the director directly owned 21,494,349 shares of the company’s stock, valued at $227,195,268.93. The trade was a 4.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 24,763,287 shares of company stock worth $243,300,159 in the last ninety days. 0.79% of the stock is currently owned by company insiders.

Institutional Trading of Redwire

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sunbelt Securities Inc. raised its position in shares of Redwire by 601.1% during the 4th quarter. Sunbelt Securities Inc. now owns 3,961 shares of the company’s stock valued at $30,000 after buying an additional 3,396 shares during the period. CWM LLC lifted its holdings in Redwire by 1,725.0% in the fourth quarter. CWM LLC now owns 4,088 shares of the company’s stock valued at $31,000 after acquiring an additional 3,864 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in Redwire by 1,054.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,016 shares of the company’s stock worth $31,000 after acquiring an additional 3,668 shares during the period. Abich Financial Wealth Management LLC purchased a new position in Redwire in the third quarter worth approximately $41,000. Finally, Russell Investments Group Ltd. increased its stake in Redwire by 308.6% during the third quarter. Russell Investments Group Ltd. now owns 4,862 shares of the company’s stock worth $44,000 after acquiring an additional 3,672 shares during the last quarter. Institutional investors and hedge funds own 8.10% of the company’s stock.

Redwire Stock Performance

RDW opened at $9.70 on Thursday. Redwire has a twelve month low of $4.87 and a twelve month high of $22.25. The firm has a market capitalization of $1.86 billion, a PE ratio of -4.09 and a beta of 2.41. The company has a current ratio of 1.62, a quick ratio of 1.27 and a debt-to-equity ratio of 0.08. The firm’s 50-day moving average price is $9.43 and its 200 day moving average price is $8.62.

Redwire (NYSE:RDW) last released its quarterly earnings data on Wednesday, May 6th. The company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.24). Redwire had a negative net margin of 67.55% and a negative return on equity of 13.04%. The business had revenue of $96.97 million during the quarter, compared to analyst estimates of $105.94 million. During the same quarter in the previous year, the company posted ($0.09) EPS. The firm’s revenue was up 57.9% on a year-over-year basis. As a group, sell-side analysts expect that Redwire will post -0.49 EPS 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.