Redwire (NYSE:RDW) Earns Overweight Rating from Analysts at Cantor Fitzgerald

Stock analysts at Cantor Fitzgerald initiated coverage on shares of Redwire (NYSE:RDW) in a research report issued on Friday. The firm set an “overweight” rating and a $28.00 price target on the stock. Cantor Fitzgerald’s price target would indicate a potential upside of 27.01% from the stock’s current price. Cantor Fitzgerald also issued estimates for Redwire’s FY2025 earnings at ($0.24) EPS.

Several other research analysts have also recently issued reports on RDW. B. Riley cut Redwire from a “buy” rating to a “neutral” rating and raised their target price for the stock from $8.00 to $9.50 in a research report on Tuesday, October 29th. Roth Mkm raised their price objective on shares of Redwire from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, HC Wainwright upped their target price on shares of Redwire from $18.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Redwire presently has an average rating of “Moderate Buy” and an average price target of $15.13.

Redwire Price Performance

RDW stock opened at $22.05 on Friday. Redwire has a 1 year low of $2.76 and a 1 year high of $23.35. The company has a market cap of $1.47 billion, a P/E ratio of -18.22 and a beta of 2.17. The stock’s fifty day moving average price is $14.33 and its 200-day moving average price is $9.66.

Insider Activity at Redwire

In related news, major shareholder Park Lp Genesis II sold 5,371 shares of Redwire stock in a transaction on Monday, December 30th. The shares were sold at an average price of $18.01, for a total transaction of $96,731.71. Following the transaction, the insider now owns 4,598,056 shares in the company, valued at approximately $82,810,988.56. The trade was a 0.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last ninety days, insiders sold 417,656 shares of company stock worth $7,663,352. 2.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Redwire

A number of institutional investors have recently bought and sold shares of RDW. Vontobel Holding Ltd. bought a new position in shares of Redwire in the third quarter worth about $74,000. The Manufacturers Life Insurance Company purchased a new position in Redwire in the 2nd quarter worth approximately $74,000. AQR Capital Management LLC bought a new position in Redwire in the 2nd quarter worth approximately $89,000. MetLife Investment Management LLC grew its holdings in 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, Stifel Financial Corp purchased a new stake in Redwire during the 3rd quarter valued at approximately $139,000. Hedge funds and other 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.