Redwire (NYSE:RDW) Given “Overweight” Rating at Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their overweight rating on shares of Redwire (NYSE:RDW) in a research note issued to investors on Monday morning, Benzinga reports. Cantor Fitzgerald currently has a $6.00 target price on the stock.

RDW has been the subject of a number of other reports. Alliance Global Partners lifted their price target on shares of Redwire from $7.00 to $8.25 and gave the company a buy rating in a research report on Tuesday, July 30th. B. Riley raised shares of Redwire from a neutral rating to a buy rating and set a $8.00 price target for the company in a research report on Friday, August 9th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of Buy and a consensus price target of $7.65.

Redwire Trading Up 5.9 %

NYSE:RDW opened at $6.79 on Monday. The company has a 50-day moving average price of $6.41 and a 200-day moving average price of $5.63. Redwire has a 12 month low of $2.35 and a 12 month high of $8.23. The stock has a market cap of $444.95 million, a price-to-earnings ratio of -9.40 and a beta of 1.96.

Redwire (NYSE:RDW) last posted its earnings results on Wednesday, August 7th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.15). The firm had revenue of $78.11 million for the quarter, compared to analysts’ expectations of $66.86 million. Equities analysts forecast that Redwire will post -0.87 EPS for the current fiscal year.

Insider Buying and Selling at Redwire

In other Redwire news, Director Ae Red Holdings, Llc sold 94,579 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $7.88, for a total transaction of $745,282.52. Following the completion of the sale, the director now directly owns 35,923,576 shares in the company, valued at approximately $283,077,778.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders sold 238,732 shares of company stock worth $1,836,940. 2.60% of the stock is owned by corporate insiders.

Institutional Trading of Redwire

A number of institutional investors and hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company bought a new stake in Redwire during the 2nd quarter valued at about $74,000. AQR Capital Management LLC purchased a new position in shares of Redwire in the second quarter worth approximately $89,000. Squarepoint Ops LLC boosted its position in shares of Redwire by 59.4% in the second quarter. Squarepoint Ops LLC now owns 71,236 shares of the company’s stock worth $511,000 after purchasing an additional 26,543 shares during the period. LJI Wealth Management LLC bought a new position in shares of Redwire in the second quarter worth approximately $258,000. Finally, Rhumbline Advisers boosted its position in shares of Redwire by 64.7% in the second quarter. Rhumbline Advisers now owns 32,335 shares of the company’s stock worth $232,000 after purchasing an additional 12,703 shares during the period. 8.10% of the stock is currently owned by institutional investors.

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.