Redwire (NYSE:RDW) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Redwire (NYSE:RDW) from a sell rating to a hold rating in a research report released on Saturday morning.

A number of other research analysts also recently weighed in on the stock. Canaccord Genuity Group increased their target price on shares of Redwire from $12.00 to $14.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Alliance Global Partners reaffirmed a “buy” rating on shares of Redwire in a report on Thursday. Cantor Fitzgerald upped their price objective on Redwire from $9.00 to $13.50 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of Redwire in a report on Friday, July 17th. Finally, Jefferies Financial Group raised Redwire to a “hold” rating in a research report on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $14.44.

Redwire Trading Down 3.2%

NYSE RDW opened at $13.16 on Friday. The business’s fifty day moving average is $12.07 and its 200-day moving average is $11.34. 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 stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of -9.01 and a beta of 3.05. Redwire has a one year low of $4.87 and a one year high of $26.64.

Redwire (NYSE:RDW) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.07. Redwire had a negative net margin of 57.26% and a negative return on equity of 12.65%. The company had revenue of $117.07 million during the quarter, compared to analyst estimates of $107.10 million. Equities research analysts predict that Redwire will post -0.88 EPS for the current year.

Insiders Place Their Bets

In other news, Director Ae Red Holdings, Llc sold 1,070,565 shares of Redwire stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $21.48, for a total value of $22,995,736.20. Following the completion of the transaction, the director owned 1,077,419 shares in the company, valued at $23,142,960.12. This trade represents a 49.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.79% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of RDW. Farther Finance Advisors LLC lifted its holdings in Redwire by 4.4% during the 4th quarter. Farther Finance Advisors LLC now owns 20,897 shares of the company’s stock worth $159,000 after purchasing an additional 877 shares in the last quarter. Parvin Asset Management LLC grew its holdings in Redwire by 6.9% during the 1st quarter. Parvin Asset Management LLC now owns 17,825 shares of the company’s stock valued at $152,000 after buying an additional 1,150 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in Redwire by 32.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,279 shares of the company’s stock valued at $102,000 after buying an additional 1,533 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Redwire by 12.0% during the second quarter. BNP Paribas Financial Markets now owns 30,396 shares of the company’s stock valued at $495,000 after buying an additional 3,248 shares during the period. Finally, Parallel Advisors LLC bought a new stake in shares of Redwire during the first quarter valued at about $28,000. 8.10% of the stock is owned by institutional investors.

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.