Redwire (NYSE:RDW) CAO Chris Edmunds Buys 5,500 Shares of Stock

Redwire Corporation (NYSE:RDW) CAO Chris Edmunds acquired 5,500 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The shares were bought at an average price of $5.46 per share, with a total value of $30,030.00. Following the completion of the purchase, the chief accounting officer directly owned 107,441 shares in the company, valued at $586,627.86. The trade was a 5.40% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Redwire Stock Performance

NYSE RDW traded down $0.16 during trading hours on Friday, reaching $5.41. The stock had a trading volume of 4,939,556 shares, compared to its average volume of 6,413,957. Redwire Corporation has a 52-week low of $5.31 and a 52-week high of $26.66. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.11 and a current ratio of 1.41. The stock has a market cap of $892.64 million, a P/E ratio of -1.71 and a beta of 2.45. The stock has a fifty day moving average of $8.27 and a 200 day moving average of $11.80.

Wall Street Analyst Weigh In

A number of research firms have commented on RDW. Canaccord Genuity Group reduced their target price on Redwire from $17.50 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday. Roth Capital reissued a “buy” rating and set a $15.00 target price on shares of Redwire in a research note on Thursday, November 6th. Wall Street Zen cut shares of Redwire from a “hold” rating to a “strong sell” rating in a research report on Saturday, August 9th. Zacks Research upgraded shares of Redwire from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. Finally, Truist Financial reduced their target price on Redwire from $11.00 to $8.00 and set a “hold” rating for the company in a report on Friday, November 7th. Six investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Redwire presently has a consensus rating of “Hold” and an average target price of $14.25.

Institutional Investors Weigh In On Redwire

Institutional investors have recently bought and sold shares of the business. Ameritas Advisory Services LLC acquired a new stake in Redwire in the second quarter valued at approximately $54,000. Abich Financial Wealth Management LLC acquired a new stake in Redwire during the third quarter valued at approximately $41,000. Russell Investments Group Ltd. lifted its stake in Redwire by 308.6% during the third quarter. Russell Investments Group Ltd. now owns 4,862 shares of the company’s stock worth $44,000 after purchasing an additional 3,672 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Redwire in the 1st quarter valued at about $42,000. Finally, Tower Research Capital LLC TRC raised its position in shares of Redwire by 32.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,279 shares of the company’s stock worth $102,000 after purchasing an additional 1,533 shares during the period. 8.10% of the stock is currently owned by hedge funds and other institutional investors.

About Redwire

Redwire Corporation provides critical space solutions and space infrastructure for government and commercial customers in the United States, Europe, and internationally. The company provides avionics and sensors including star trackers, sun sensors, critical for navigation, and control of spacecraft; camera systems; solar array solutions for spacecraft spanning the spectrum of size, power needs, and orbital location; and strain composite booms, coilable booms, truss structures, telescope baffles, and deployable booms to position sensors or solar arrays away from the spacecraft.