Redwire (NYSE:RDW) Given New $13.00 Price Target at Roth Mkm

Redwire (NYSE:RDW) had its target price upped by Roth Mkm from $10.00 to $13.00 in a research report report published on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

RDW has been the topic of several other reports. B. Riley downgraded shares of Redwire from a “buy” rating to a “neutral” rating and raised their price objective for the company from $8.00 to $9.50 in a research report on Tuesday, October 29th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $6.00 price objective on shares of Redwire in a research report on Monday, September 30th. Finally, Alliance Global Partners increased their price objective 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. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $8.55.

Redwire Price Performance

RDW stock traded up $0.51 during midday trading on Friday, hitting $9.02. The stock had a trading volume of 490,313 shares, compared to its average volume of 429,846. The business has a 50-day moving average of $7.36 and a two-hundred day moving average of $6.39. Redwire has a 52-week low of $2.35 and a 52-week high of $9.36.

Redwire (NYSE:RDW) last issued 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 business had revenue of $78.11 million during the quarter, compared to analyst estimates of $66.86 million. Research analysts expect that Redwire will post -0.87 EPS for the current fiscal year.

Hedge Funds Weigh In On Redwire

Several institutional investors have recently modified their holdings of the business. SG Americas Securities LLC acquired a new stake in shares of Redwire during the first quarter worth about $59,000. Vontobel Holding Ltd. acquired a new stake in shares of Redwire in the 3rd quarter valued at approximately $74,000. The Manufacturers Life Insurance Company acquired a new position in shares of Redwire during the 2nd quarter worth $74,000. AQR Capital Management LLC purchased a new position in Redwire in the second quarter valued at about $89,000. Finally, Rhumbline Advisers grew its holdings in Redwire by 64.7% in the second quarter. Rhumbline Advisers now owns 32,335 shares of the company’s stock valued at $232,000 after purchasing an additional 12,703 shares during the last quarter. Institutional investors and hedge funds own 8.10% of the company’s stock.

About Redwire

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.