Redwire Corporation (NYSE:RDW) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Redwire Corporation (NYSE:RDW) have earned an average rating of “Moderate Buy” from the twelve research firms that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $13.8889.

RDW has been the subject of a number of recent analyst reports. Jefferies Financial Group cut their price objective on Redwire from $13.00 to $12.00 and set a “buy” rating for the company in a research report on Friday, March 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Redwire in a research report on Tuesday, April 21st. Roth Mkm reissued a “buy” rating and issued a $20.00 price target on shares of Redwire in a report on Wednesday, January 28th. Alliance Global Partners restated a “buy” rating on shares of Redwire in a research report on Wednesday, April 22nd. Finally, Zacks Research raised shares of Redwire from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 11th.

Insider Buying and Selling at Redwire

In related news, Director Ae Red Holdings, Llc sold 7,500,000 shares of the firm’s stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $9.15, for a total value of $68,625,000.00. Following the transaction, the director directly owned 36,135,217 shares of the company’s stock, valued at approximately $330,637,235.55. This trade represents a 17.19% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders have sold 24,763,287 shares of company stock worth $243,300,159. 0.79% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Redwire

A number of hedge funds have recently made changes to their positions in the company. Andar Capital Management HK Ltd increased its position in shares of Redwire by 76.5% during the third quarter. Andar Capital Management HK Ltd now owns 300,000 shares of the company’s stock worth $2,697,000 after purchasing an additional 130,000 shares in the last quarter. Register Financial Advisors LLC lifted its holdings in Redwire by 46.8% in the 3rd quarter. Register Financial Advisors LLC now owns 327,900 shares of the company’s stock valued at $2,948,000 after purchasing an additional 104,597 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Redwire by 2,556.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 577,271 shares of the company’s stock valued at $5,190,000 after purchasing an additional 555,536 shares in the last quarter. Capelight Capital Asset Management LP acquired a new stake in Redwire during the 4th quarter worth $1,330,000. Finally, Canal Insurance CO boosted its stake in Redwire by 50.0% during the 3rd quarter. Canal Insurance CO now owns 300,000 shares of the company’s stock worth $2,697,000 after purchasing an additional 100,000 shares during the last quarter. Institutional investors and hedge funds own 8.10% of the company’s stock.

Redwire Trading Up 11.6%

RDW stock opened at $9.70 on Thursday. Redwire has a 52-week low of $4.87 and a 52-week high of $22.25. The company has a quick ratio of 1.27, a current ratio of 1.62 and a debt-to-equity ratio of 0.08. The firm has a market cap of $1.86 billion, a P/E ratio of -4.09 and a beta of 2.41. The company’s 50-day simple moving average is $9.43 and its 200-day simple moving average is $8.62.

Redwire (NYSE:RDW) last announced its quarterly earnings results on Wednesday, May 6th. The company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.24). The business had revenue of $96.97 million during the quarter, compared to analysts’ expectations of $105.94 million. Redwire had a negative net margin of 67.55% and a negative return on equity of 13.04%. Redwire’s revenue for the quarter was up 57.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.09) EPS. As a group, equities analysts forecast that Redwire will post -0.49 EPS for the current fiscal year.

About Redwire

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.