LJI Wealth Management LLC Purchases Shares of 36,000 Redwire Co. (NYSE:RDW)

LJI Wealth Management LLC purchased a new stake in Redwire Co. (NYSE:RDW) during the second quarter, according to its most recent filing with the SEC. The fund purchased 36,000 shares of the company’s stock, valued at approximately $258,000. LJI Wealth Management LLC owned about 0.05% of Redwire as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in shares of Redwire in the 1st quarter worth about $59,000. Rhumbline Advisers increased its holdings in shares of Redwire by 64.7% in the 2nd quarter. Rhumbline Advisers now owns 32,335 shares of the company’s stock worth $232,000 after buying an additional 12,703 shares during the last quarter. DNB Asset Management AS increased its holdings in shares of Redwire by 23.9% in the 2nd quarter. DNB Asset Management AS now owns 39,094 shares of the company’s stock worth $280,000 after buying an additional 7,538 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Redwire by 496.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 71,340 shares of the company’s stock worth $512,000 after buying an additional 59,372 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Redwire by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 1,118,812 shares of the company’s stock worth $4,912,000 after buying an additional 3,681 shares during the last quarter. 8.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Alliance Global Partners boosted their target price on shares of Redwire from $7.00 to $8.25 and gave the stock a “buy” rating in a report on Tuesday, July 30th. Cantor Fitzgerald restated an “overweight” rating and issued a $6.00 target price on shares of Redwire in a report on Monday, September 9th. Finally, B. Riley raised shares of Redwire from a “neutral” rating to a “buy” rating and set a $8.00 price target for the company in a research note on Friday, August 9th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $7.65.

Redwire Trading Up 0.6 %

RDW stock opened at $6.30 on Thursday. Redwire Co. has a 12 month low of $2.35 and a 12 month high of $8.23. The company has a 50-day moving average price of $6.54 and a 200 day moving average price of $5.39. The stock has a market cap of $413.15 million, a PE ratio of -8.75 and a beta of 1.96.

Redwire (NYSE:RDW) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.15). The company had revenue of $78.11 million for the quarter, compared to analysts’ expectations of $66.86 million. Sell-side analysts forecast that Redwire Co. will post -0.87 EPS for the current year.

Insider Buying and Selling at Redwire

In other Redwire news, Director Ae Red Holdings, Llc sold 94,579 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $7.88, for a total value of $745,282.52. Following the completion of the sale, the director now directly owns 35,923,576 shares of the company’s stock, valued at approximately $283,077,778.88. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders sold a total of 238,732 shares of company stock valued at $1,836,940 in the last three months. Company insiders own 2.60% of the company’s stock.

Redwire Company Profile

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.