US Bancorp DE Invests $119,000 in Redwire Co. (NYSE:RDW)

US Bancorp DE purchased a new position in shares of Redwire Co. (NYSE:RDW) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,257 shares of the company’s stock, valued at approximately $119,000.

Other hedge funds also recently modified their holdings of the company. State Street Corp lifted its holdings in shares of Redwire by 8.1% during the third quarter. State Street Corp now owns 473,295 shares of the company’s stock worth $3,252,000 after purchasing an additional 35,519 shares during the period. Brookstone Capital Management bought a new position in Redwire during the fourth quarter worth $329,000. Proficio Capital Partners LLC bought a new position in Redwire during the fourth quarter worth $278,000. Stifel Financial Corp bought a new position in Redwire during the third quarter worth $139,000. Finally, Barclays PLC raised its stake in Redwire by 55.8% during the third quarter. Barclays PLC now owns 1,181,138 shares of the company’s stock worth $8,115,000 after buying an additional 422,854 shares during the last quarter. Institutional investors and hedge funds own 8.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. HC Wainwright reissued a “buy” rating and set a $26.00 target price on shares of Redwire in a research note on Wednesday, March 12th. B. Riley lowered their target price on shares of Redwire from $27.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, March 12th. Cantor Fitzgerald reissued an “overweight” rating and set a $28.00 target price on shares of Redwire in a research note on Tuesday, March 11th. Finally, Alliance Global Partners reissued a “buy” rating on shares of Redwire in a research note on Tuesday, March 11th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $17.71.

Insider Buying and Selling at Redwire

In other Redwire news, major shareholder Park Lp Genesis II sold 5,371 shares of Redwire stock in a transaction on Monday, December 30th. The shares were sold at an average price of $18.01, for a total value of $96,731.71. Following the completion of the sale, the insider now directly owns 4,598,056 shares of the company’s stock, valued at approximately $82,810,988.56. The trade was a 0.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders sold 684,454 shares of company stock valued at $13,682,993. Corporate insiders own 2.60% of the company’s stock.

Redwire Trading Up 13.1 %

RDW opened at $10.61 on Monday. Redwire Co. has a 1-year low of $3.35 and a 1-year high of $26.66. The company has a market cap of $706.13 million, a P/E ratio of -8.77 and a beta of 2.33. The company has a fifty day moving average price of $17.90 and a two-hundred day moving average price of $12.75.

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.