Aaron Michael Futch Acquires 18,410 Shares of Redwire (NYSE:RDW) Stock

Redwire Corporation (NYSE:RDW) EVP Aaron Michael Futch bought 18,410 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The stock was purchased at an average price of $5.45 per share, for a total transaction of $100,334.50. Following the completion of the acquisition, the executive vice president owned 88,704 shares in the company, valued at $483,436.80. This represents a 26.19% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Redwire Stock Performance

Shares of RDW stock opened at $5.41 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.11 and a debt-to-equity ratio of 0.20. The firm has a fifty day simple moving average of $8.27 and a two-hundred day simple moving average of $11.80. Redwire Corporation has a 12 month low of $5.31 and a 12 month high of $26.66. The firm has a market capitalization of $892.64 million, a PE ratio of -1.71 and a beta of 2.45.

Wall Street Analyst Weigh In

Several research firms have recently commented on RDW. Truist Financial decreased their target price on shares of Redwire from $11.00 to $8.00 and set a “hold” rating for the company in a research report on Friday, November 7th. Cantor Fitzgerald dropped their target price on Redwire from $28.00 to $20.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. Alliance Global Partners reaffirmed a “buy” rating on shares of Redwire in a research report on Thursday, November 6th. Bank of America lowered their price target on Redwire from $10.00 to $9.00 and set an “underperform” rating for the company in a research report on Friday, October 10th. Finally, B. Riley dropped their price objective on Redwire from $25.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, August 8th. Six investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $14.25.

Institutional Trading of Redwire

A number of hedge funds have recently bought and sold shares of RDW. Gabelli Funds LLC grew its stake in Redwire by 7.4% in the 1st quarter. Gabelli Funds LLC now owns 18,871 shares of the company’s stock valued at $156,000 after purchasing an additional 1,300 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Redwire by 32.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,279 shares of the company’s stock worth $102,000 after buying an additional 1,533 shares during the last quarter. Vontobel Holding Ltd. grew its position in Redwire by 10.4% during the second quarter. Vontobel Holding Ltd. now owns 18,507 shares of the company’s stock valued at $302,000 after buying an additional 1,751 shares during the period. Jones Financial Companies Lllp grew its position in Redwire by 24.0% during the third quarter. Jones Financial Companies Lllp now owns 12,617 shares of the company’s stock valued at $111,000 after buying an additional 2,442 shares during the period. Finally, Huntleigh Advisors Inc. increased its holdings in Redwire by 4.2% during the third quarter. Huntleigh Advisors Inc. now owns 61,837 shares of the company’s stock worth $556,000 after buying an additional 2,488 shares during the last quarter. 8.10% of the stock is currently owned by 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.