Redwire Co. (NYSE:RDW) Shares Bought by Jones Financial Companies Lllp

Jones Financial Companies Lllp grew its stake in shares of Redwire Co. (NYSE:RDW) by 45.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,372 shares of the company’s stock after acquiring an additional 1,372 shares during the period. Jones Financial Companies Lllp’s holdings in Redwire were worth $72,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. US Bancorp DE purchased a new stake in shares of Redwire in the fourth quarter valued at $119,000. Proficio Capital Partners LLC purchased a new stake in shares of Redwire in the fourth quarter valued at $278,000. Bank of New York Mellon Corp lifted its holdings in shares of Redwire by 6.9% in the fourth quarter. Bank of New York Mellon Corp now owns 52,170 shares of the company’s stock valued at $859,000 after purchasing an additional 3,357 shares in the last quarter. Wolverine Asset Management LLC lifted its holdings in shares of Redwire by 332.2% in the fourth quarter. Wolverine Asset Management LLC now owns 15,546 shares of the company’s stock valued at $256,000 after purchasing an additional 11,949 shares in the last quarter. Finally, Van ECK Associates Corp purchased a new stake in shares of Redwire in the fourth quarter valued at $1,151,000. Institutional investors and hedge funds own 8.10% of the company’s stock.

Redwire Trading Up 3.0 %

NYSE RDW opened at $10.92 on Tuesday. Redwire Co. has a 1-year low of $3.35 and a 1-year high of $26.66. The company has a market capitalization of $726.69 million, a PE ratio of -9.03 and a beta of 2.33. The firm’s fifty day simple moving average is $17.77 and its 200-day simple moving average is $12.78.

Wall Street Analyst Weigh In

RDW has been the subject of a number of research analyst reports. Alliance Global Partners restated a “buy” rating on shares of Redwire in a report on Tuesday, March 11th. B. Riley reduced their target price on Redwire from $27.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, March 12th. HC Wainwright reaffirmed a “buy” rating and issued a $26.00 price target on shares of Redwire in a research note on Wednesday, March 12th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $28.00 price target 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 given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $17.71.

Insiders Place Their Bets

In other Redwire news, major shareholder Park Lp Genesis II sold 10,115 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $24.11, for a total transaction of $243,872.65. Following the transaction, the insider now directly owns 3,644,566 shares of the company’s stock, valued at $87,870,486.26. This represents a 0.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold 684,454 shares of company stock valued at $13,682,993 over the last three months. 2.60% of the stock is currently owned by insiders.

Redwire 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.