Redwire (NYSE:RDW) Stock Rating Upgraded by Jefferies Financial Group

Redwire (NYSE:RDW) was upgraded by research analysts at Jefferies Financial Group to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

Several other equities research analysts also recently commented on the stock. Zacks Research raised shares of Redwire from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Redwire in a report on Tuesday, April 21st. Alliance Global Partners reaffirmed a “buy” rating on shares of Redwire in a report on Wednesday, April 22nd. Truist Financial upgraded Redwire to a “strong-buy” rating in a research report on Friday, May 1st. Finally, Canaccord Genuity Group upped their price target on Redwire from $12.00 to $14.00 and gave the company a “buy” rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $15.44.

Redwire Price Performance

RDW opened at $14.86 on Wednesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.75 and a quick ratio of 1.37. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of -5.55 and a beta of 2.92. The firm’s fifty day moving average price is $13.29 and its two-hundred day moving average price is $10.38. Redwire has a 1 year low of $4.87 and a 1 year high of $26.64.

Redwire (NYSE:RDW) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.24). The company had revenue of $96.97 million during the quarter, compared to analysts’ expectations of $105.94 million. Redwire had a negative return on equity of 11.68% and a negative net margin of 80.90%.Redwire’s quarterly revenue was up 57.9% compared to the same quarter last year. During the same period last year, the firm posted ($0.09) earnings per share. As a group, analysts anticipate that Redwire will post -0.76 earnings per share for the current fiscal year.

Insider Transactions at Redwire

In other news, Director Ae Red Holdings, Llc sold 977,887 shares of the stock in a transaction that occurred 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 completion of the sale, the director owned 21,494,349 shares of the company’s stock, valued at approximately $227,195,268.93. This represents a 4.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 23,327,795 shares of company stock valued at $228,806,188 over the last ninety days. 0.79% of the stock is owned by corporate insiders.

Institutional Trading of Redwire

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its position in shares of Redwire by 7,512.5% in the 1st quarter. Bank of America Corp DE now owns 6,820,003 shares of the company’s stock worth $57,970,000 after purchasing an additional 6,730,414 shares during the period. AE Industrial Partners LP increased its position in shares of Redwire by 7.1% during the third quarter. AE Industrial Partners LP now owns 91,598,704 shares of the company’s stock valued at $823,472,000 after buying an additional 6,101,959 shares during the period. State Street Corp raised its stake in Redwire by 61.1% in the fourth quarter. State Street Corp now owns 4,708,600 shares of the company’s stock worth $35,785,000 after buying an additional 1,786,038 shares in the last quarter. UBS Group AG lifted its holdings in Redwire by 140.8% in the fourth quarter. UBS Group AG now owns 2,039,902 shares of the company’s stock worth $15,503,000 after buying an additional 1,192,885 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Redwire in the fourth quarter worth about $7,676,000. Hedge funds and other institutional investors own 8.10% of the company’s stock.

Key Stories Impacting Redwire

Here are the key news stories impacting Redwire this week:

• Positive Sentiment: Redwire remains a high-growth “picks and shovels” space infrastructure play, and some investors see the company as a beneficiary of broader enthusiasm for space stocks. The unusual call option activity also suggests speculative interest in the shares. MarketBeat unusual options activity
• Neutral Sentiment: Coverage around SpaceX’s upcoming IPO has put the space sector in the spotlight, which may be drawing more attention to Redwire as an adjacent public-space company. Redwire stock page
• Negative Sentiment: The expanded ATM program raises dilution concerns because issuing more shares can weigh on existing shareholders and signal that management wants flexibility to fund operations or acquisitions. Redwire establishes expanded ATM equity program
• Negative Sentiment: Commentary specifically tied Redwire’s drop to the $500 million equity program, with investors questioning whether dilution could slow the company’s growth story. Redwire’s US$500 Million ATM Raises Dilution Questions For Growth Story

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.