Redwire Co. (NYSE:RDW) CFO Acquires $24,694.60 in Stock

Redwire Co. (NYSE:RDW) CFO Jonathan Baliff acquired 2,170 shares of the company’s stock in a transaction on Wednesday, March 19th. The stock was acquired at an average price of $11.38 per share, for a total transaction of $24,694.60. Following the purchase, the chief financial officer now directly owns 1,028,954 shares of the company’s stock, valued at approximately $11,709,496.52. This trade represents a 0.21 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Redwire Price Performance

NYSE:RDW traded down $0.13 during trading hours on Thursday, reaching $11.30. 934,665 shares of the company were exchanged, compared to its average volume of 833,045. The company has a market capitalization of $751.58 million, a P/E ratio of -9.33 and a beta of 2.33. Redwire Co. has a 1-year low of $3.39 and a 1-year high of $26.66. The business has a 50 day moving average of $17.56 and a 200 day moving average of $12.80.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on RDW. HC Wainwright restated a “buy” rating and issued a $26.00 price objective on shares of Redwire in a research note on Wednesday, March 12th. B. Riley lowered their target price on Redwire from $27.00 to $25.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 12th. Alliance Global Partners reiterated a “buy” rating on shares of Redwire in a research note on Tuesday, March 11th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $28.00 target price on shares of Redwire in a research note on Tuesday, March 11th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $17.71.

Institutional Investors Weigh In On Redwire

A number of large investors have recently added to or reduced their stakes in RDW. Quarry LP acquired a new stake in Redwire during the fourth quarter worth approximately $33,000. Summit Investment Advisors Inc. boosted its holdings in shares of Redwire by 64.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,382 shares of the company’s stock valued at $39,000 after purchasing an additional 931 shares in the last quarter. Summit Securities Group LLC acquired a new stake in shares of Redwire in the 4th quarter valued at $63,000. Jones Financial Companies Lllp boosted its holdings in shares of Redwire by 45.7% in the 4th quarter. Jones Financial Companies Lllp now owns 4,372 shares of the company’s stock valued at $72,000 after purchasing an additional 1,372 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its holdings in shares of Redwire by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 14,058 shares of the company’s stock valued at $97,000 after purchasing an additional 7,921 shares in the last quarter. 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.