Redwire Co. (NYSE:RDW) Receives $18.04 Consensus Price Target from Analysts

Redwire Co. (NYSE:RDW) has been assigned an average recommendation of “Buy” from the six research firms that are currently covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a buy rating. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $18.04.

A number of analysts have issued reports on RDW shares. Cantor Fitzgerald started coverage on Redwire in a research note on Friday, January 24th. They issued an “overweight” rating and a $28.00 target price for the company. B. Riley raised Redwire from a “neutral” rating to a “buy” rating and raised their target price for the stock from $9.50 to $27.00 in a research note on Monday, January 27th. Roth Mkm raised their target price on Redwire from $10.00 to $13.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, HC Wainwright raised their target price on Redwire from $18.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd.

Insider Transactions at Redwire

In other news, major shareholder Park Lp Genesis II sold 6,683 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $22.56, for a total transaction of $150,768.48. Following the completion of the transaction, the insider now directly owns 3,704,664 shares in the company, valued at approximately $83,577,219.84. This represents a 0.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 674,339 shares of company stock worth $13,439,120. 2.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Redwire

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in Redwire by 7.8% during the 4th quarter. JPMorgan Chase & Co. now owns 10,854 shares of the company’s stock valued at $179,000 after acquiring an additional 782 shares during the period. Ameritas Investment Partners Inc. boosted its holdings in Redwire by 64.2% during the 4th quarter. Ameritas Investment Partners Inc. now owns 2,382 shares of the company’s stock valued at $39,000 after acquiring an additional 931 shares during the period. Jones Financial Companies Lllp boosted its holdings in Redwire by 45.7% during the 4th quarter. Jones Financial Companies Lllp now owns 4,372 shares of the company’s stock valued at $72,000 after acquiring an additional 1,372 shares during the period. Quarry LP purchased a new position in Redwire during the 4th quarter valued at about $33,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Redwire by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 65,641 shares of the company’s stock valued at $1,080,000 after acquiring an additional 2,533 shares during the period. 8.10% of the stock is currently owned by hedge funds and other institutional investors.

Redwire Stock Performance

NYSE RDW opened at $23.60 on Friday. Redwire has a one year low of $2.89 and a one year high of $26.66. The company has a market cap of $1.57 billion, a P/E ratio of -19.50 and a beta of 2.23. The business has a fifty day moving average price of $17.79 and a 200 day moving average price of $11.52.

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.