Analysts Set Redwire Co. (NYSE:RDW) PT at $10.13

Shares of Redwire Co. (NYSE:RDW) have been given an average rating of “Moderate Buy” by the six ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $10.13.

RDW has been the subject of several research analyst reports. HC Wainwright initiated coverage on Redwire in a report on Tuesday. They issued a “buy” rating and a $18.00 price objective for the company. B. Riley lowered shares of Redwire from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $8.00 to $9.50 in a research note on Tuesday, October 29th. Cantor Fitzgerald reissued an “overweight” rating and set a $6.00 price objective on shares of Redwire in a report on Monday, September 30th. Finally, Roth Mkm raised their target price on shares of Redwire from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Friday, November 8th.

Redwire Trading Down 2.1 %

Redwire stock opened at $13.49 on Tuesday. Redwire has a 12 month low of $2.49 and a 12 month high of $14.40. The stock has a fifty day simple moving average of $8.89 and a two-hundred day simple moving average of $7.14. The firm has a market cap of $897.64 million, a price-to-earnings ratio of -11.15 and a beta of 1.93.

Institutional Trading of Redwire

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company purchased a new stake in Redwire in the second quarter worth about $74,000. Vontobel Holding Ltd. bought a new position in shares of Redwire during the 3rd quarter valued at approximately $74,000. AQR Capital Management LLC purchased a new stake in Redwire in the 2nd quarter worth approximately $89,000. SG Americas Securities LLC bought a new stake in Redwire during the 1st quarter worth approximately $59,000. Finally, MetLife Investment Management LLC lifted its holdings in Redwire by 129.1% during the third quarter. MetLife Investment Management LLC now owns 14,058 shares of the company’s stock valued at $97,000 after purchasing an additional 7,921 shares in the last quarter. 8.10% of the stock is owned by hedge funds and other institutional investors.

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.