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

Redwire Corporation (NYSE:RDW – Get Free Report) has been given an average rating of “Moderate Buy” by the twelve brokerages that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $15.4444.

Several brokerages have commented on RDW. Zacks Research raised Redwire from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 11th. Jefferies Financial Group downgraded Redwire from a “buy” rating to a “hold” rating and boosted their target price for the stock from $13.00 to $24.00 in a research note on Monday. Canaccord Genuity Group boosted their target price on Redwire from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Redwire in a research note on Tuesday, April 21st. Finally, Alliance Global Partners reissued a “buy” rating on shares of Redwire in a research note on Wednesday, April 22nd.

Get Redwire alerts:

Get Our Latest Stock Report on Redwire

Insider Buying and Selling

In other Redwire news, Director Ae Red Holdings, Llc sold 7,500,000 shares of the business’s stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $9.15, for a total transaction of $68,625,000.00. Following the completion of the transaction, the director owned 36,135,217 shares of the company’s stock, valued at approximately $330,637,235.55. The trade was a 17.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 23,327,795 shares of company stock worth $228,806,188 over the last three months. 0.79% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Parallel Advisors LLC acquired a new position in shares of Redwire in the first quarter valued at approximately $28,000. KBC Group NV acquired a new position in shares of Redwire in the first quarter valued at approximately $29,000. Sunbelt Securities Inc. increased its stake in shares of Redwire by 601.1% in the fourth quarter. Sunbelt Securities Inc. now owns 3,961 shares of the company’s stock valued at $30,000 after buying an additional 3,396 shares during the period. CWM LLC increased its stake in shares of Redwire by 1,725.0% in the fourth quarter. CWM LLC now owns 4,088 shares of the company’s stock valued at $31,000 after buying an additional 3,864 shares during the period. Finally, Rockefeller Capital Management L.P. increased its stake in shares of Redwire by 1,054.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,016 shares of the company’s stock valued at $31,000 after buying an additional 3,668 shares during the period. Institutional investors and hedge funds own 8.10% of the company’s stock.

Redwire Stock Down 13.9%

RDW stock opened at $18.44 on Monday. The company has a market cap of $3.54 billion, a PE ratio of -6.88 and a beta of 2.92. The business has a 50-day simple moving average of $12.80 and a 200 day simple moving average of $10.12. Redwire has a 52 week low of $4.87 and a 52 week high of $26.64. The company has a quick ratio of 1.37, a current ratio of 1.75 and a debt-to-equity ratio of 0.08.

Redwire (NYSE:RDW – Get Free Report) last posted 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). The company had revenue of $96.97 million during the quarter, compared to analyst estimates of $105.94 million. Redwire had a negative net margin of 80.90% and a negative return on equity of 11.68%. The firm’s revenue for the quarter was up 57.9% compared to the same quarter last year. During the same period last year, the firm earned ($0.09) EPS. Sell-side analysts anticipate that Redwire will post -0.76 EPS for the current fiscal year.

About Redwire

(Get Free Report)

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.

Featured Stories

• Five stocks we like better than Redwire
• AI Server Earnings: Wall Street Sees One Clear Standout
• Navitas: NVIDIA’s AI Power Broker?
• A Lulu of a Miss Sends Lululemon to New Lows—Look Out Below
• NVIDIA’s New Power Play: Why Fluence Is Surging

Receive News & Ratings for Redwire Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Redwire and related companies with MarketBeat.com's FREE daily email newsletter.