Redwire (NYSE:RDW) Upgraded by B. Riley to Buy Rating

B. Riley upgraded shares of Redwire (NYSE:RDW) from a neutral rating to a buy rating in a research report report published on Monday, MarketBeat reports. B. Riley currently has $27.00 price objective on the stock, up from their previous price objective of $9.50.

Other equities research analysts have also recently issued research reports about the stock. HC Wainwright increased their target price on shares of Redwire from $18.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Cantor Fitzgerald began coverage on shares of Redwire in a research report on Friday. They set an “overweight” rating and a $28.00 target price for the company. Finally, Roth Mkm increased their target price on shares of Redwire from $10.00 to $13.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $18.04.

Redwire Stock Up 2.0 %

Shares of Redwire stock opened at $21.68 on Monday. The stock has a market capitalization of $1.44 billion, a P/E ratio of -17.91 and a beta of 2.17. The company has a 50-day simple moving average of $14.78 and a 200 day simple moving average of $9.89. Redwire has a 12-month low of $2.76 and a 12-month high of $24.52.

Insider Buying and Selling at Redwire

In other news, major shareholder Park Lp Genesis II sold 150,000 shares of Redwire stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $19.61, for a total transaction of $2,941,500.00. Following the completion of the sale, the insider now owns 4,157,489 shares in the company, valued at $81,528,359.29. The trade was a 3.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders sold 517,656 shares of company stock worth $9,855,352. 2.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Redwire

Several institutional investors have recently modified their holdings of RDW. Barclays PLC grew its position in shares of Redwire by 55.8% during the 3rd 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 period. Harbor Capital Advisors Inc. acquired a new stake in shares of Redwire during the 3rd quarter worth approximately $623,000. State Street Corp grew its position in shares of Redwire by 8.1% during the 3rd quarter. State Street Corp now owns 473,295 shares of the company’s stock worth $3,252,000 after buying an additional 35,519 shares during the period. Geode Capital Management LLC grew its position in shares of Redwire by 6.3% during the 3rd quarter. Geode Capital Management LLC now owns 523,743 shares of the company’s stock worth $3,599,000 after buying an additional 30,963 shares during the period. Finally, Squarepoint Ops LLC grew its position in shares of Redwire by 59.4% during 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 period. Institutional investors and hedge funds own 8.10% of the company’s stock.

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.