Redwire Co. (NYSE:RDW) Stock Position Raised by State Street Corp

State Street Corp grew its holdings in Redwire Co. (NYSE:RDW) by 8.1% in the third quarter, Holdings Channel.com reports. The firm owned 473,295 shares of the company’s stock after purchasing an additional 35,519 shares during the period. State Street Corp’s holdings in Redwire were worth $3,252,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vontobel Holding Ltd. purchased a new stake in shares of Redwire in the third quarter worth approximately $74,000. The Manufacturers Life Insurance Company purchased a new position in shares of Redwire during the 2nd quarter valued at $74,000. AQR Capital Management LLC purchased a new position in shares of Redwire during the 2nd quarter valued at $89,000. MetLife Investment Management LLC increased its stake in shares of Redwire by 129.1% in the third quarter. MetLife Investment Management LLC now owns 14,058 shares of the company’s stock worth $97,000 after acquiring an additional 7,921 shares during the last quarter. Finally, Stifel Financial Corp purchased a new stake in shares of Redwire during the third quarter worth $139,000. Institutional investors and hedge funds own 8.10% of the company’s stock.

Redwire Price Performance

Shares of RDW stock opened at $17.65 on Tuesday. The stock has a market cap of $1.17 billion, a P/E ratio of -14.59 and a beta of 2.25. The stock has a fifty day moving average price of $11.69 and a 200 day moving average price of $8.49. Redwire Co. has a one year low of $2.68 and a one year high of $18.28.

Wall Street Analysts Forecast Growth

RDW has been the subject of a number of analyst reports. HC Wainwright reiterated a “buy” rating and issued a $18.00 target price on shares of Redwire in a research note on Wednesday, December 11th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $6.00 price objective on shares of Redwire in a research note on Monday, September 30th. Roth Mkm increased their target price on shares of Redwire from $10.00 to $13.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, B. Riley cut Redwire from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $8.00 to $9.50 in a research report on Tuesday, October 29th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.13.

Redwire Company 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.