Redwire (NYSE:RDW) Rating Increased to Hold at Jefferies Financial Group
by Mitch Edgeman · The Markets DailyJefferies Financial Group upgraded shares of Redwire (NYSE:RDW – Free Report) to a hold rating in a research report report published on Wednesday,Zacks.com reports.
A number of other brokerages have also issued reports on RDW. Canaccord Genuity Group increased their price objective on shares of Redwire from $12.00 to $14.00 and gave the company a “buy” rating in a report on Monday, May 11th. Truist Financial upgraded shares of Redwire to a “strong-buy” rating in a research report on Friday, May 1st. Alliance Global Partners restated a “buy” rating on shares of Redwire in a report on Wednesday, April 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Redwire in a research report on Tuesday, April 21st. Finally, Zacks Research upgraded Redwire from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 11th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Redwire presently has a consensus rating of “Moderate Buy” and an average price target of $15.44.
Get Our Latest Stock Report on Redwire
Redwire Price Performance
Shares of NYSE:RDW opened at $14.86 on Wednesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.75 and a quick ratio of 1.37. Redwire has a 1-year low of $4.87 and a 1-year high of $26.64. The firm’s 50 day simple moving average is $13.29 and its two-hundred day simple moving average is $10.38. The company has a market capitalization of $2.85 billion, a P/E ratio of -5.55 and a beta of 2.92.
Redwire (NYSE:RDW – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.24). Redwire had a negative net margin of 80.90% and a negative return on equity of 11.68%. The company had revenue of $96.97 million for the quarter, compared to analysts’ expectations of $105.94 million. During the same period last year, the business earned ($0.09) earnings per share. The company’s quarterly revenue was up 57.9% compared to the same quarter last year. Research analysts expect that Redwire will post -0.76 EPS for the current fiscal year.
Insider Buying and Selling at Redwire
In related news, Director Ae Red Holdings, Llc sold 977,887 shares of the company’s stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $10.57, for a total value of $10,336,265.59. Following the completion of the sale, the director directly owned 21,494,349 shares of the company’s stock, valued at $227,195,268.93. This represents a 4.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 23,327,795 shares of company stock valued at $228,806,188 in the last ninety days. Insiders own 0.79% of the company’s stock.
Institutional Investors Weigh In On Redwire
Several hedge funds have recently modified their holdings of the business. AE Industrial Partners LP lifted its position in shares of Redwire by 7.1% in the 3rd quarter. AE Industrial Partners LP now owns 91,598,704 shares of the company’s stock worth $823,472,000 after purchasing an additional 6,101,959 shares during the period. Bank of America Corp DE lifted its position in shares of Redwire by 7,512.5% in the 1st quarter. Bank of America Corp DE now owns 6,820,003 shares of the company’s stock worth $57,970,000 after purchasing an additional 6,730,414 shares during the period. State Street Corp lifted its position in shares of Redwire by 61.1% in the 4th quarter. State Street Corp now owns 4,708,600 shares of the company’s stock worth $35,785,000 after purchasing an additional 1,786,038 shares during the period. Vanguard Group Inc. lifted its position in shares of Redwire by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 3,242,848 shares of the company’s stock worth $29,153,000 after purchasing an additional 91,045 shares during the period. Finally, UBS Group AG lifted its position in shares of Redwire by 140.8% in the 4th quarter. UBS Group AG now owns 2,039,902 shares of the company’s stock worth $15,503,000 after purchasing an additional 1,192,885 shares during the period. Hedge funds and other institutional investors own 8.10% of the company’s stock.
Key Headlines Impacting Redwire
Here are the key news stories impacting Redwire this week:
- Positive Sentiment: Redwire remains a high-growth “picks and shovels” space infrastructure play, and some investors see the company as a beneficiary of broader enthusiasm for space stocks. The unusual call option activity also suggests speculative interest in the shares. MarketBeat unusual options activity
- Neutral Sentiment: Coverage around SpaceX’s upcoming IPO has put the space sector in the spotlight, which may be drawing more attention to Redwire as an adjacent public-space company. Redwire stock page
- Negative Sentiment: The expanded ATM program raises dilution concerns because issuing more shares can weigh on existing shareholders and signal that management wants flexibility to fund operations or acquisitions. Redwire establishes expanded ATM equity program
- Negative Sentiment: Commentary specifically tied Redwire’s drop to the $500 million equity program, with investors questioning whether dilution could slow the company’s growth story. Redwire’s US$500 Million ATM Raises Dilution Questions For Growth Story
Redwire Company Profile
Redwire Corporation is a space infrastructure company specializing in the design, engineering and manufacturing of mission-critical hardware and software for the spaceflight industry. The company’s offerings include deployable structures, solar power systems, radio frequency antennas, advanced composites and transparent optics. Redwire serves a broad customer base that spans civil space agencies, national defense organizations and commercial satellite operators, helping enable missions ranging from communications and Earth observation to deep-space exploration.
Formed through the strategic combination of several specialized space technology firms, Redwire’s portfolio encompasses both flight-proven hardware and cutting-edge in-space manufacturing capabilities.
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