Redwire Co. (NYSE:RDW - Get Free Report) CFO Jonathan Baliff bought 2,170 shares of Redwire 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 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 acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Redwire Trading Down 1.1 %
Shares of RDW opened at $11.30 on Friday. Redwire Co. has a 12 month low of $3.39 and a 12 month high of $26.66. The stock has a fifty day moving average price of $17.46 and a 200-day moving average price of $12.79. The firm has a market cap of $751.58 million, a PE ratio of -9.33 and a beta of 2.33.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on RDW shares. HC Wainwright restated a "buy" rating and issued a $26.00 price target on shares of Redwire in a report on Wednesday, March 12th. B. Riley reduced their target price on shares of Redwire from $27.00 to $25.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 12th. Cantor Fitzgerald restated an "overweight" rating and set a $28.00 price objective on shares of Redwire in a report on Tuesday, March 11th. Finally, Alliance Global Partners reaffirmed a "buy" rating on shares of Redwire in a research report on Tuesday, March 11th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Redwire currently has a consensus rating of "Moderate Buy" and an average price target of $17.71.
Read Our Latest Research Report on RDW
Institutional Investors Weigh In On Redwire
Institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio acquired a new position in shares of Redwire during the fourth quarter valued at about $587,000. Squarepoint Ops LLC purchased a new stake in Redwire during the 4th quarter worth approximately $489,000. Two Sigma Advisers LP acquired a new position in Redwire during the 4th quarter valued at approximately $339,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Redwire by 4.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,876 shares of the company's stock worth $212,000 after buying an additional 532 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new position in shares of Redwire in the 4th quarter valued at $4,830,000. Institutional investors and hedge funds own 8.10% of the company's stock.
Redwire Company Profile
(
Get Free Report)
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.
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