Redwire (NYSE:RDW) Receives “Buy” Rating from HC Wainwright

HC Wainwright reaffirmed their buy rating on shares of Redwire (NYSE:RDW) in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a $26.00 target price on the stock.

Several other equities analysts also recently commented on RDW. B. Riley raised shares of Redwire from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $9.50 to $27.00 in a report on Monday, January 27th. Cantor Fitzgerald restated an “overweight” rating and issued a $28.00 price target on shares of Redwire in a research report on Tuesday. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $17.71.

Redwire Stock Performance

RDW stock opened at $9.98 on Wednesday. Redwire has a one year low of $3.15 and a one year high of $26.66. The company’s fifty day moving average price is $18.20 and its 200-day moving average price is $12.67. The company has a market capitalization of $663.75 million, a PE ratio of -8.24 and a beta of 2.33.

Insider Buying and Selling

In other Redwire news, major shareholder Park Lp Genesis II sold 5,371 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $18.01, for a total transaction of $96,731.71. Following the transaction, the insider now owns 4,598,056 shares in the company, valued at $82,810,988.56. The trade was a 0.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last 90 days, insiders have sold 684,454 shares of company stock worth $13,682,993. Insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Quarry LP bought a new position in Redwire during the fourth quarter valued at $33,000. Summit Investment Advisors Inc. increased its position in Redwire by 64.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,382 shares of the company’s stock valued at $39,000 after acquiring an additional 931 shares during the last quarter. Summit Securities Group LLC bought a new position in Redwire during the fourth quarter valued at $63,000. Jones Financial Companies Lllp increased its position in Redwire by 45.7% during the fourth 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 last quarter. Finally, US Bancorp DE bought a new position in Redwire during the fourth quarter valued at $119,000. Institutional investors own 8.10% of the company’s stock.

About Redwire

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.