2,266,098 Shares in Redwire Corporation $RDW Purchased by Voya Investment Management LLC

Voya Investment Management LLC bought a new stake in shares of Redwire Corporation (NYSE:RDW) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,266,098 shares of the company’s stock, valued at approximately $20,372,000.

Several other large investors also recently modified their holdings of RDW. Gabelli Funds LLC lifted its holdings in Redwire by 7.4% in the first quarter. Gabelli Funds LLC now owns 18,871 shares of the company’s stock valued at $156,000 after acquiring an additional 1,300 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Redwire by 32.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,279 shares of the company’s stock valued at $102,000 after purchasing an additional 1,533 shares during the last quarter. Vontobel Holding Ltd. lifted its stake in shares of Redwire by 10.4% in the 2nd quarter. Vontobel Holding Ltd. now owns 18,507 shares of the company’s stock worth $302,000 after purchasing an additional 1,751 shares during the period. Police & Firemen s Retirement System of New Jersey lifted its stake in shares of Redwire by 71.2% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 7,724 shares of the company’s stock worth $126,000 after purchasing an additional 3,213 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Redwire by 12.0% in the second quarter. BNP Paribas Financial Markets now owns 30,396 shares of the company’s stock worth $495,000 after buying an additional 3,248 shares during the last quarter. Institutional investors own 8.10% of the company’s stock.

Analysts Set New Price Targets

RDW has been the topic of several recent research reports. Truist Financial decreased their price target on shares of Redwire from $11.00 to $8.00 and set a “hold” rating on the stock in a research report on Friday, November 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Redwire in a research report on Wednesday, October 8th. Bank of America reduced their target price on shares of Redwire from $9.00 to $6.00 and set an “underperform” rating for the company in a report on Wednesday, November 19th. KeyCorp started coverage on shares of Redwire in a report on Thursday. They set a “sector weight” rating on the stock. Finally, Industrial Alliance Securities set a $9.00 price target on shares of Redwire in a research report on Thursday, November 6th. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $12.50.

Redwire Stock Up 14.2%

NYSE RDW opened at $8.02 on Monday. Redwire Corporation has a 12 month low of $4.87 and a 12 month high of $26.66. The company has a current ratio of 1.41, a quick ratio of 1.05 and a debt-to-equity ratio of 0.20. The stock has a market cap of $1.32 billion, a PE ratio of -2.53 and a beta of 2.48. The stock’s 50 day moving average is $6.81 and its 200 day moving average is $10.64.

Insider Transactions at Redwire

In related news, CAO Chris Edmunds purchased 5,500 shares of the firm’s stock in a transaction on Friday, November 14th. The shares were acquired at an average price of $5.46 per share, for a total transaction of $30,030.00. Following the purchase, the chief accounting officer directly owned 107,441 shares in the company, valued at $586,627.86. This trade represents a 5.40% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Peter Anthony Cannito, Jr. acquired 32,155 shares of the company’s stock in a transaction on Monday, November 10th. The shares were bought at an average cost of $6.21 per share, with a total value of $199,682.55. Following the acquisition, the chief executive officer directly owned 526,728 shares in the company, valued at approximately $3,270,980.88. The trade was a 6.50% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have purchased 56,065 shares of company stock valued at $330,047. 2.60% of the stock is currently owned by corporate insiders.

Redwire Profile

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.