Redwire’s (RDW) Buy Rating Reiterated at HC Wainwright

HC Wainwright restated their buy rating on shares of Redwire (NYSE:RDW) in a research note released on Wednesday morning,Benzinga reports. HC Wainwright currently has a $18.00 price objective on the stock.

Several other equities research analysts also recently commented on the stock. Cantor Fitzgerald reissued an “overweight” rating and set a $6.00 target price on shares of Redwire in a research report on Monday, September 30th. Roth Mkm increased 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, B. Riley cut Redwire from a “buy” rating to a “neutral” rating and lifted their target price for the company from $8.00 to $9.50 in a research report on Tuesday, October 29th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.13.

Redwire Stock Performance

Shares of Redwire stock opened at $12.03 on Wednesday. Redwire has a 52 week low of $2.68 and a 52 week high of $15.25. The stock has a 50 day moving average price of $10.21 and a two-hundred day moving average price of $7.74. The stock has a market capitalization of $800.48 million, a PE ratio of -9.94 and a beta of 2.25.

Institutional Trading of Redwire

Hedge funds have recently made changes to their positions in the company. Vontobel Holding Ltd. purchased a new stake in Redwire in the 3rd quarter worth about $74,000. The Manufacturers Life Insurance Company purchased a new position in shares of Redwire in the second quarter worth about $74,000. AQR Capital Management LLC bought a new stake in shares of Redwire in the second quarter valued at approximately $89,000. MetLife Investment Management LLC lifted its stake in shares of Redwire by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 14,058 shares of the company’s stock valued at $97,000 after buying an additional 7,921 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Redwire by 17.2% in the 2nd quarter. SG Americas Securities LLC now owns 15,670 shares of the company’s stock worth $112,000 after buying an additional 2,296 shares during the period. 8.10% of the stock is currently owned by institutional investors.

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.