71,500 Shares in Redwire Corporation $RDW Bought by RPG Investment Advisory LLC

RPG Investment Advisory LLC acquired a new stake in Redwire Corporation (NYSE:RDW) in the 4th quarter, Holdings Channel reports. The fund acquired 71,500 shares of the company’s stock, valued at approximately $543,000.

Other hedge funds also recently made changes to their positions in the company. Abich Financial Wealth Management LLC acquired a new stake in shares of Redwire during the third quarter worth about $41,000. Russell Investments Group Ltd. boosted its position in shares of Redwire by 308.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,862 shares of the company’s stock valued at $44,000 after purchasing an additional 3,672 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in shares of Redwire by 440.4% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 6,620 shares of the company’s stock valued at $60,000 after purchasing an additional 5,395 shares during the period. Strs Ohio purchased a new position in Redwire during the 1st quarter worth approximately $69,000. Finally, State of Alaska Department of Revenue purchased a new position in Redwire during the 3rd quarter worth approximately $77,000. Hedge funds and other institutional investors own 8.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on RDW shares. Roth Mkm reiterated a “buy” rating and issued a $20.00 price objective on shares of Redwire in a research note on Wednesday, January 28th. Jefferies Financial Group lowered their target price on shares of Redwire from $13.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, March 6th. HC Wainwright reaffirmed a “buy” rating and issued a $22.00 target price on shares of Redwire in a report on Tuesday, December 23rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Redwire in a research report on Thursday, January 22nd. Finally, Cantor Fitzgerald decreased their price target on shares of Redwire from $20.00 to $9.00 and set an “overweight” rating for the company in a research note on Wednesday, December 10th. Eight investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Redwire currently has a consensus rating of “Moderate Buy” and an average target price of $13.89.

Redwire Stock Performance

Shares of RDW stock opened at $9.71 on Friday. The stock has a market capitalization of $1.86 billion, a PE ratio of -4.10 and a beta of 2.49. Redwire Corporation has a 52-week low of $4.87 and a 52-week high of $22.25. The stock’s 50-day moving average price is $9.46 and its 200 day moving average price is $8.54. The company has a quick ratio of 1.27, a current ratio of 1.62 and a debt-to-equity ratio of 0.08.

Redwire (NYSE:RDW) last posted its quarterly earnings data on Wednesday, February 25th. The company reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.19). Redwire had a negative return on equity of 13.04% and a negative net margin of 67.55%.The company had revenue of $108.79 million for the quarter, compared to analyst estimates of $98.78 million. As a group, equities research analysts forecast that Redwire Corporation will post -0.85 EPS for the current year.

Insider Activity at Redwire

In related news, Director Ae Red Holdings, Llc sold 2,500,000 shares of the stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $9.45, for a total transaction of $23,625,000.00. Following the completion of the sale, the director directly owned 33,635,217 shares of the company’s stock, valued at $317,852,800.65. This trade represents a 6.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 51,587,273 shares of company stock worth $557,353,017 in the last three months. 2.60% of the stock is owned by corporate insiders.

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.