Redwire Co. (NYSE:RDW – Free Report) – B. Riley reduced their FY2026 earnings per share (EPS) estimates for Redwire in a research note issued on Wednesday, April 16th. B. Riley analyst M. Crawford now forecasts that the company will post earnings of $0.29 per share for the year, down from their prior estimate of $0.30. B. Riley currently has a “Neutral” rating and a $25.00 target price on the stock. The consensus estimate for Redwire’s current full-year earnings is ($0.85) per share.
Other equities research analysts also recently issued research reports about the stock. 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, HC Wainwright restated a “buy” rating and set a $26.00 price target on shares of Redwire in a research note on Wednesday, March 12th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Redwire has an average rating of “Moderate Buy” and an average target price of $17.71.
Redwire Price Performance
NYSE RDW opened at $10.13 on Thursday. The company has a fifty day moving average of $12.87 and a two-hundred day moving average of $13.21. The company has a market capitalization of $765.78 million, a PE ratio of -8.37 and a beta of 2.51. Redwire has a 1 year low of $3.39 and a 1 year high of $26.66.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Redwire by 8.4% during the fourth quarter. Vanguard Group Inc. now owns 1,310,660 shares of the company’s stock valued at $21,573,000 after buying an additional 101,620 shares in the last quarter. Barclays PLC raised its stake in shares of Redwire by 6.5% during the 4th quarter. Barclays PLC now owns 1,258,366 shares of the company’s stock worth $20,713,000 after purchasing an additional 77,228 shares in the last quarter. Geode Capital Management LLC lifted its stake in Redwire by 6.3% in the third quarter. Geode Capital Management LLC now owns 523,743 shares of the company’s stock valued at $3,599,000 after acquiring an additional 30,963 shares during the last quarter. Federated Hermes Inc. grew its position in Redwire by 165.7% in the fourth quarter. Federated Hermes Inc. now owns 498,275 shares of the company’s stock worth $8,202,000 after acquiring an additional 310,769 shares in the last quarter. Finally, State Street Corp increased its position in Redwire by 8.1% during the third quarter. State Street Corp now owns 473,295 shares of the company’s stock worth $3,252,000 after buying an additional 35,519 shares during the last quarter. Institutional investors and hedge funds own 8.10% of the company’s stock.
Insider Activity
In related news, major shareholder Park Lp Genesis II sold 10,115 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $24.11, for a total transaction of $243,872.65. Following the completion of the sale, the insider now owns 3,644,566 shares of the company’s stock, valued at $87,870,486.26. This represents a 0.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders sold 416,798 shares of company stock worth $8,961,141. 2.60% of the stock is currently owned by 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.
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