Redwire Co. (NYSE:RDW) Given Consensus Rating of “Moderate Buy” by Analysts

Redwire Co. (NYSE:RDW) has been given an average recommendation of “Moderate Buy” by the six research firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $10.13.

Several brokerages have commented on RDW. Cantor Fitzgerald reiterated an “overweight” rating and issued a $6.00 price target on shares of Redwire in a research report on Monday, September 30th. Roth Mkm boosted their target price on Redwire from $10.00 to $13.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. B. Riley lowered Redwire from a “buy” rating to a “neutral” rating and increased their price target for the company from $8.00 to $9.50 in a research report on Tuesday, October 29th. Finally, HC Wainwright assumed coverage on shares of Redwire in a research note on Tuesday, November 26th. They set a “buy” rating and a $18.00 price objective for the company.

Redwire Trading Down 4.8 %

RDW opened at $13.29 on Tuesday. Redwire has a twelve month low of $2.61 and a twelve month high of $15.25. The business’s 50 day moving average is $9.17 and its 200-day moving average is $7.29. The stock has a market cap of $884.33 million, a PE ratio of -10.98 and a beta of 1.93.

Institutional Trading of Redwire

A number of hedge funds have recently made changes to their positions in RDW. SG Americas Securities LLC increased its stake in Redwire by 17.2% in the 2nd quarter. SG Americas Securities LLC now owns 15,670 shares of the company’s stock valued at $112,000 after buying an additional 2,296 shares during the period. Vanguard Group Inc. raised its stake in shares of Redwire by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 1,118,812 shares of the company’s stock worth $4,912,000 after purchasing an additional 3,681 shares in the last quarter. DNB Asset Management AS grew its stake in shares of Redwire by 23.9% in the 2nd quarter. DNB Asset Management AS now owns 39,094 shares of the company’s stock valued at $280,000 after buying an additional 7,538 shares in the last quarter. MetLife Investment Management LLC grew its stake in shares of Redwire by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 14,058 shares of the company’s stock valued at $97,000 after buying an additional 7,921 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new position in Redwire in the second quarter worth approximately $74,000. 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.