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

Shares of Redwire Co. (NYSE:RDW) have earned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $10.13.

Several research firms recently issued reports on RDW. Roth Mkm lifted their price objective on Redwire from $10.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, November 8th. HC Wainwright reiterated a “buy” rating and set a $18.00 price target on shares of Redwire in a research report on Wednesday, December 11th. 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, B. Riley downgraded shares of Redwire from a “buy” rating to a “neutral” rating and raised their target price for the company from $8.00 to $9.50 in a research note on Tuesday, October 29th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of RDW. Barclays PLC grew its stake in shares of Redwire by 55.8% during the third quarter. Barclays PLC now owns 1,181,138 shares of the company’s stock valued at $8,115,000 after buying an additional 422,854 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in Redwire during the 3rd quarter valued at about $623,000. Bank of New York Mellon Corp grew its position in Redwire by 496.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 71,340 shares of the company’s stock worth $512,000 after acquiring an additional 59,372 shares during the last quarter. LJI Wealth Management LLC purchased a new position in Redwire in the 2nd quarter worth approximately $258,000. Finally, State Street Corp lifted its position in Redwire by 8.1% in the third quarter. State Street Corp now owns 473,295 shares of the company’s stock valued at $3,252,000 after purchasing an additional 35,519 shares during the last quarter. 8.10% of the stock is currently owned by institutional investors.

Redwire Price Performance

Shares of NYSE:RDW opened at $14.06 on Friday. The firm has a fifty day moving average price of $10.89 and a two-hundred day moving average price of $8.12. The company has a market cap of $935.57 million, a price-to-earnings ratio of -11.62 and a beta of 2.25. Redwire has a one year low of $2.68 and a one year high of $15.25.

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.