Redwire Co. (NYSE:RDW) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its holdings in shares of Redwire Co. (NYSE:RDW) by 6.9% in the 4th quarter, Holdings Channel reports. The fund owned 52,170 shares of the company’s stock after acquiring an additional 3,357 shares during the period. Bank of New York Mellon Corp’s holdings in Redwire were worth $859,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. MetLife Investment Management LLC raised its stake in shares of Redwire by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 14,058 shares of the company’s stock valued at $97,000 after purchasing an additional 7,921 shares in the last quarter. Stifel Financial Corp bought a new stake in Redwire in the third quarter valued at about $139,000. Arkadios Wealth Advisors acquired a new stake in Redwire during the fourth quarter valued at approximately $165,000. Wolverine Asset Management LLC lifted its holdings in Redwire by 332.2% during the 4th quarter. Wolverine Asset Management LLC now owns 15,546 shares of the company’s stock worth $256,000 after buying an additional 11,949 shares during the last quarter. Finally, Brookstone Capital Management acquired a new position in shares of Redwire in the 4th quarter worth approximately $329,000. 8.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RDW has been the topic of a number of research reports. Cantor Fitzgerald reissued an “overweight” rating and set a $28.00 target price on shares of Redwire in a report on Tuesday, March 11th. B. Riley lowered their price objective on shares of Redwire from $27.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, March 12th. Alliance Global Partners reissued a “buy” rating on shares of Redwire in a report on Tuesday, March 11th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $26.00 target price on shares of Redwire in a report on Wednesday, March 12th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $17.71.

Redwire Stock Performance

RDW stock opened at $11.76 on Wednesday. The stock has a market cap of $782.52 million, a P/E ratio of -9.72 and a beta of 2.33. The firm has a 50 day simple moving average of $17.29 and a 200 day simple moving average of $13.00. Redwire Co. has a 52 week low of $3.39 and a 52 week high of $26.66.

Insider Activity at Redwire

In other Redwire news, major shareholder Park Lp Genesis II sold 5,371 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $18.01, for a total value of $96,731.71. Following the completion of the sale, the insider now owns 4,598,056 shares of the company’s stock, valued at $82,810,988.56. The trade was a 0.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders have sold 684,454 shares of company stock valued at $13,682,993. 2.60% of the stock is currently owned by corporate insiders.

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.