Redwire (NYSE:RDW) Given New $26.00 Price Target at HC Wainwright

Redwire (NYSE:RDW) had its price objective raised by HC Wainwright from $18.00 to $26.00 in a research note released on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

RDW has been the topic of several other research reports. Roth Mkm upped their price objective on shares of Redwire from $10.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, November 8th. B. Riley lowered Redwire from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $8.00 to $9.50 in a report on Tuesday, October 29th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $6.00 target price on shares of Redwire in a research note on Monday, September 30th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $11.46.

Redwire Trading Down 3.0 %

Shares of NYSE RDW opened at $21.66 on Wednesday. The firm has a market capitalization of $1.44 billion, a PE ratio of -17.90 and a beta of 2.17. Redwire has a one year low of $2.76 and a one year high of $22.50. The business has a 50-day moving average price of $14.10 and a two-hundred day moving average price of $9.58.

Insiders Place Their Bets

In other news, major shareholder Park Lp Genesis II sold 100,000 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $18.02, for a total transaction of $1,802,000.00. Following the completion of the sale, the insider now owns 4,322,853 shares in the company, valued at approximately $77,897,811.06. This represents a 2.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 267,656 shares of company stock valued at $4,721,852 over the last three months. 2.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Redwire

A number of large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC lifted its stake in shares of Redwire by 39.6% in the third quarter. SG Americas Securities LLC now owns 21,870 shares of the company’s stock worth $150,000 after buying an additional 6,200 shares during the last quarter. MetLife Investment Management LLC raised its holdings in Redwire by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 14,058 shares of the company’s stock worth $97,000 after acquiring an additional 7,921 shares during the period. Arkadios Wealth Advisors acquired a new position in Redwire during the 4th quarter worth $165,000. The Manufacturers Life Insurance Company bought a new stake in Redwire during the second quarter valued at about $74,000. Finally, Penserra Capital Management LLC increased its stake in shares of Redwire by 16.5% in the third quarter. Penserra Capital Management LLC now owns 74,626 shares of the company’s stock worth $512,000 after purchasing an additional 10,558 shares during the period. Institutional investors 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.