20,000 Shares in Redwire Co. (NYSE:RDW) Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC acquired a new position in Redwire Co. (NYSE:RDW) in the 4th quarter, HoldingsChannel reports. The fund acquired 20,000 shares of the company’s stock, valued at approximately $329,000.

Several other large investors also recently added to or reduced their stakes in the company. Penserra Capital Management LLC boosted its stake in Redwire by 16.5% in the 3rd quarter. Penserra Capital Management LLC now owns 74,626 shares of the company’s stock worth $512,000 after purchasing an additional 10,558 shares during the period. MetLife Investment Management LLC boosted its stake in Redwire by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 14,058 shares of the company’s stock worth $97,000 after purchasing an additional 7,921 shares during the period. Stifel Financial Corp bought a new position in Redwire in the 3rd quarter worth about $139,000. State Street Corp boosted its stake in Redwire by 8.1% in the 3rd 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 during the period. Finally, Barclays PLC boosted its stake in Redwire by 55.8% in the 3rd quarter. Barclays PLC now owns 1,181,138 shares of the company’s stock worth $8,115,000 after purchasing an additional 422,854 shares during the period. Hedge funds and other institutional investors own 8.10% of the company’s stock.

Wall Street Analysts Forecast Growth

RDW has been the subject of several analyst reports. B. Riley cut their target price on Redwire from $27.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, March 12th. Alliance Global Partners restated a “buy” rating on shares of Redwire in a research note on Tuesday, March 11th. Cantor Fitzgerald reiterated an “overweight” rating and set a $28.00 price target on shares of Redwire in a research report on Tuesday, March 11th. Finally, HC Wainwright reiterated a “buy” rating and set a $26.00 price target on shares of Redwire in a research report on Wednesday, March 12th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Redwire has an average rating of “Moderate Buy” and a consensus price target of $17.71.

Insider Buying and Selling

In related news, major shareholder Park Lp Genesis II sold 10,115 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $24.11, for a total value of $243,872.65. Following the completion of the sale, the insider now owns 3,644,566 shares in the company, valued at $87,870,486.26. The trade was a 0.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold 684,454 shares of company stock worth $13,682,993 in the last quarter. 2.60% of the stock is owned by insiders.

Redwire Trading Up 3.0 %

Shares of RDW opened at $10.92 on Tuesday. The company has a market cap of $726.69 million, a PE ratio of -9.03 and a beta of 2.33. The stock has a 50-day moving average price of $17.77 and a 200-day moving average price of $12.78. Redwire Co. has a 12-month low of $3.35 and a 12-month high of $26.66.

Redwire 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.