Redwire (NYSE:RDW) Receives “Buy” Rating from HC Wainwright

HC Wainwright reissued their buy rating on shares of Redwire (NYSE:RDW) in a research report sent to investors on Wednesday,Benzinga reports. They currently have a $18.00 target price on the stock.

Several other research firms have also commented on RDW. B. Riley lowered shares of Redwire from a “buy” rating to a “neutral” rating and raised their price target for the company from $8.00 to $9.50 in a report on Tuesday, October 29th. Roth Mkm boosted their price objective on Redwire from $10.00 to $13.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $6.00 price objective on shares of Redwire in a research report on Monday, September 30th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Redwire has a consensus rating of “Moderate Buy” and a consensus target price of $10.13.

Redwire Stock Up 1.5 %

Shares of RDW stock traded up $0.18 on Wednesday, reaching $11.85. 37,511 shares of the stock were exchanged, compared to its average volume of 387,449. The firm has a 50 day moving average of $10.01 and a two-hundred day moving average of $7.66. Redwire has a 1-year low of $2.68 and a 1-year high of $15.25. The stock has a market cap of $788.51 million, a P/E ratio of -9.62 and a beta of 2.25.

Hedge Funds Weigh In On Redwire

A number of hedge funds have recently added to or reduced their stakes in the business. Barclays PLC raised 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 purchasing an additional 422,854 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in Redwire in the third quarter worth $623,000. Bank of New York Mellon Corp boosted its holdings in shares of Redwire by 496.1% during the second quarter. Bank of New York Mellon Corp now owns 71,340 shares of the company’s stock valued at $512,000 after acquiring an additional 59,372 shares during the period. LJI Wealth Management LLC bought a new position in shares of Redwire during the second quarter worth about $258,000. Finally, State Street Corp lifted its position in Redwire by 8.1% in the 3rd 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. Institutional investors and hedge funds own 8.10% of the company’s stock.

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.