AQR Capital Management LLC Acquires Shares of 12,415 Redwire Co. (NYSE:RDW)

AQR Capital Management LLC acquired a new stake in shares of Redwire Co. (NYSE:RDW) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,415 shares of the company’s stock, valued at approximately $89,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. SG Americas Securities LLC boosted its stake in Redwire by 17.2% during the 2nd quarter. SG Americas Securities LLC now owns 15,670 shares of the company’s stock valued at $112,000 after acquiring an additional 2,296 shares during the last quarter. Vanguard Group Inc. lifted its position 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. DNB Asset Management AS lifted its position 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. Rhumbline Advisers lifted its position 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. Finally, Squarepoint Ops LLC lifted its position in shares of Redwire by 59.4% in the 2nd quarter. Squarepoint Ops LLC now owns 71,236 shares of the company’s stock worth $511,000 after buying an additional 26,543 shares during the last quarter. 8.10% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Redwire Stock Up 0.5 %

RDW stock opened at $8.52 on Friday. Redwire Co. has a fifty-two week low of $2.35 and a fifty-two week high of $8.94. The firm’s 50-day simple moving average is $6.74 and its 200 day simple moving average is $5.92. The stock has a market cap of $558.73 million, a PE ratio of -11.83 and a beta of 1.96.

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

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.