Redwire Corporation (NYSE:RDW) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Redwire Corporation (NYSE:RDW) have earned an average recommendation of “Moderate Buy” from the twelve analysts that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $14.2222.

Several research analysts have recently issued reports on RDW shares. Truist Financial upgraded shares of Redwire to a “strong-buy” rating in a report on Friday, May 1st. Zacks Research raised shares of Redwire from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 11th. Jefferies Financial Group reissued a “buy” rating and issued a $13.00 price target on shares of Redwire in a report on Sunday. Weiss Ratings restated a “sell (d-)” rating on shares of Redwire in a research report on Tuesday, April 21st. Finally, Canaccord Genuity Group upped their price objective on shares of Redwire from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Monday.

Insider Buying and Selling

In other Redwire news, Director Ae Red Holdings, Llc sold 7,500,000 shares of the stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $9.15, for a total value of $68,625,000.00. Following the completion of the sale, the director owned 36,135,217 shares in the company, valued at approximately $330,637,235.55. This trade represents a 17.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders sold 23,327,795 shares of company stock worth $228,806,188. Corporate insiders own 0.79% of the company’s stock.

Hedge Funds Weigh In On Redwire

Hedge funds and other institutional investors have recently made changes to their positions in the business. Parallel Advisors LLC bought a new stake in Redwire in the first quarter valued at $28,000. KBC Group NV purchased a new position in Redwire during the 1st quarter valued at $29,000. Sunbelt Securities Inc. raised its holdings in Redwire by 601.1% in the 4th quarter. Sunbelt Securities Inc. now owns 3,961 shares of the company’s stock worth $30,000 after purchasing an additional 3,396 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of Redwire by 1,054.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,016 shares of the company’s stock worth $31,000 after purchasing an additional 3,668 shares during the period. Finally, CWM LLC boosted its stake in shares of Redwire by 1,725.0% during the 4th quarter. CWM LLC now owns 4,088 shares of the company’s stock valued at $31,000 after purchasing an additional 3,864 shares in the last quarter. Institutional investors own 8.10% of the company’s stock.

Redwire Trading Up 9.8%

NYSE RDW opened at $12.15 on Thursday. The firm has a market cap of $2.33 billion, a PE ratio of -4.53 and a beta of 2.41. Redwire has a 1-year low of $4.87 and a 1-year high of $22.25. The stock has a 50-day moving average of $9.54 and a 200-day moving average of $8.68. The company has a current ratio of 1.75, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08.

Redwire (NYSE:RDW) last announced its quarterly earnings results on Wednesday, May 6th. The company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.24). Redwire had a negative return on equity of 11.68% and a negative net margin of 80.90%.The company had revenue of $96.97 million during the quarter, compared to analysts’ expectations of $105.94 million. During the same period last year, the firm earned ($0.09) earnings per share. Redwire’s revenue for the quarter was up 57.9% on a year-over-year basis. As a group, sell-side analysts forecast that Redwire will post -0.49 EPS for the current 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.