Redwire (NYSE:RDW) Given “Buy” Rating at HC Wainwright

Redwire (NYSE:RDW)‘s stock had its “buy” rating reissued by analysts at HC Wainwright in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $18.00 price objective on the stock. HC Wainwright’s target price would indicate a potential upside of 55.84% from the company’s current price.

RDW has been the topic of several other reports. Roth Mkm upped their price objective on 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 research note on Tuesday, October 29th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $6.00 price objective on shares of Redwire in a report on Monday, September 30th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $10.13.

Redwire Stock Performance

Shares of Redwire stock opened at $11.55 on Wednesday. Redwire has a twelve month low of $2.68 and a twelve month high of $15.25. The firm has a market cap of $768.55 million, a P/E ratio of -9.55 and a beta of 2.25. The firm’s 50-day simple moving average is $10.11 and its 200-day simple moving average is $7.69.

Institutional Trading of Redwire

Large investors have recently made changes to their positions in the business. Geode Capital Management LLC lifted its position in 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 in the last quarter. Barclays PLC raised its stake in shares of Redwire by 55.8% in the third quarter. Barclays PLC now owns 1,181,138 shares of the company’s stock worth $8,115,000 after acquiring an additional 422,854 shares during the last quarter. State Street Corp lifted its position in shares of Redwire by 8.1% during the third quarter. State Street Corp now owns 473,295 shares of the company’s stock worth $3,252,000 after purchasing an additional 35,519 shares in the last quarter. Stifel Financial Corp bought a new stake in shares of Redwire during the third quarter valued at approximately $139,000. Finally, MetLife Investment Management LLC grew its stake in shares of Redwire by 129.1% during the third 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 during the last quarter. Institutional investors 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.