Analysts Set Redwire Corporation (NYSE:RDW) Target Price at $13.89

Redwire Corporation (NYSE:RDW) has earned an average rating of “Moderate Buy” from the twelve ratings firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $14.2222.

RDW has been the subject of several analyst reports. Canaccord Genuity Group boosted their price target on shares of Redwire from $12.00 to $14.00 and gave the company a “buy” rating in a report on Monday. Alliance Global Partners reiterated a “buy” rating on shares of Redwire in a research report on Wednesday, April 22nd. Roth Mkm reissued a “buy” rating and set a $20.00 target price on shares of Redwire in a research note on Wednesday, January 28th. Zacks Research upgraded shares of Redwire from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 11th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Redwire in a report on Tuesday, April 21st.

Insider Buying and Selling

In other Redwire news, Director Ae Red Holdings, Llc sold 977,887 shares of Redwire stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $10.57, for a total transaction of $10,336,265.59. Following the sale, the director 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders sold 23,327,795 shares of company stock valued at $228,806,188. 0.79% of the stock is owned by company insiders.

Institutional Investors Weigh In On Redwire

Hedge funds and other institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC lifted its holdings in Redwire by 125.0% in the first quarter. AQR Capital Management LLC now owns 51,437 shares of the company’s stock worth $426,000 after purchasing an additional 28,576 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Redwire by 352.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 355,265 shares of the company’s stock worth $2,945,000 after buying an additional 276,814 shares in the last quarter. Strs Ohio bought a new stake in shares of Redwire during the 1st quarter worth about $69,000. Rhumbline Advisers lifted its stake in shares of Redwire by 61.0% in the 2nd quarter. Rhumbline Advisers now owns 56,517 shares of the company’s stock worth $921,000 after acquiring an additional 21,417 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Redwire by 57.6% in the second quarter. Invesco Ltd. now owns 21,198 shares of the company’s stock valued at $346,000 after acquiring an additional 7,750 shares in the last quarter. 8.10% of the stock is currently owned by institutional investors.

Redwire Price Performance

RDW opened at $11.49 on Thursday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.75. The company has a market capitalization of $2.20 billion, a P/E ratio of -4.29 and a beta of 2.41. Redwire has a 1-year low of $4.87 and a 1-year high of $22.25. The company has a 50-day moving average of $9.63 and a 200-day moving average of $8.73.

Redwire (NYSE:RDW) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.24). The business had revenue of $96.97 million during the quarter, compared to the consensus estimate of $105.94 million. Redwire had a negative return on equity of 11.68% and a negative net margin of 80.90%.The company’s quarterly revenue was up 57.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.09) earnings per share. Equities analysts expect that Redwire will post -0.61 EPS for the current fiscal year.

Redwire Company 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.