Jones Financial Companies Lllp Has $72,000 Stake in Redwire Co. (NYSE:RDW)

Jones Financial Companies Lllp raised its position in shares of Redwire Co. (NYSE:RDW) by 45.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,372 shares of the company’s stock after acquiring an additional 1,372 shares during the period. Jones Financial Companies Lllp’s holdings in Redwire were worth $72,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of RDW. Penserra Capital Management LLC boosted its holdings in Redwire by 16.5% during the third quarter. Penserra Capital Management LLC now owns 74,626 shares of the company’s stock valued at $512,000 after acquiring an additional 10,558 shares during the period. MetLife Investment Management LLC boosted its holdings in Redwire by 129.1% during the third quarter. MetLife Investment Management LLC now owns 14,058 shares of the company’s stock valued at $97,000 after acquiring an additional 7,921 shares during the period. Stifel Financial Corp bought a new stake in Redwire during the third quarter valued at about $139,000. State Street Corp boosted its holdings in Redwire by 8.1% during the third quarter. State Street Corp now owns 473,295 shares of the company’s stock valued at $3,252,000 after acquiring an additional 35,519 shares during the period. Finally, Barclays PLC boosted its holdings in Redwire by 55.8% during the third quarter. Barclays PLC now owns 1,181,138 shares of the company’s stock valued at $8,115,000 after acquiring an additional 422,854 shares during the period. 8.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on RDW. HC Wainwright reiterated a “buy” rating and issued a $26.00 target price on shares of Redwire in a research note on Wednesday, March 12th. Alliance Global Partners reiterated a “buy” rating on shares of Redwire in a research note on Tuesday, March 11th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $28.00 target price on shares of Redwire in a research note on Tuesday, March 11th. Finally, B. Riley reduced their target price on shares of Redwire from $27.00 to $25.00 and set a “neutral” rating for the company in a research note on Wednesday, March 12th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $17.71.

Redwire Stock Up 3.0 %

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

Insiders Place Their Bets

In other news, major shareholder Park Lp Genesis II sold 89,870 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $16.99, for a total transaction of $1,526,891.30. Following the completion of the sale, the insider now owns 4,603,427 shares of the company’s stock, valued at approximately $78,212,224.73. This trade represents a 1.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold a total of 684,454 shares of company stock worth $13,682,993 over the last quarter. Company insiders own 2.60% 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.