B. Riley Cuts Redwire (NYSE:RDW) Price Target to $25.00

Redwire (NYSE:RDW) had its price target reduced by B. Riley from $27.00 to $25.00 in a research note published on Wednesday,Benzinga reports. They currently have a neutral rating on the stock. B. Riley also issued estimates for Redwire’s Q1 2025 earnings at $0.00 EPS, Q2 2025 earnings at $0.01 EPS, Q3 2025 earnings at $0.02 EPS, Q4 2025 earnings at $0.04 EPS, FY2025 earnings at $0.08 EPS and FY2026 earnings at $0.30 EPS.

Other equities analysts have also recently issued research reports about the stock. HC Wainwright reiterated a “buy” rating and issued a $26.00 target price on shares of Redwire in a research report on Wednesday. Cantor Fitzgerald reiterated an “overweight” rating and issued a $28.00 target price on shares of Redwire in a research report on Tuesday. Finally, Alliance Global Partners reiterated a “buy” rating on shares of Redwire in a research report on Tuesday. One equities 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $17.71.

Redwire Stock Up 13.1 %

Shares of NYSE:RDW opened at $10.61 on Wednesday. The stock has a market cap of $706.13 million, a PE ratio of -8.77 and a beta of 2.33. The company’s fifty day moving average is $17.90 and its 200 day moving average is $12.67. Redwire has a 52 week low of $3.17 and a 52 week high of $26.66.

Insider Buying and Selling 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 shares were sold at an average price of $18.01, for a total value of $96,731.71. Following the transaction, the insider now owns 4,598,056 shares in the company, valued at approximately $82,810,988.56. The trade was a 0.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders have sold 684,454 shares of company stock worth $13,682,993. 2.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Redwire

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of 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 during the period. Barclays PLC increased its position in shares of Redwire by 6.5% during the fourth quarter. Barclays PLC now owns 1,258,366 shares of the company’s stock valued at $20,713,000 after buying an additional 77,228 shares during the period. Geode Capital Management LLC increased its position in shares of Redwire by 6.3% during the third quarter. Geode Capital Management LLC now owns 523,743 shares of the company’s stock valued at $3,599,000 after buying an additional 30,963 shares during the period. Federated Hermes Inc. increased its position in shares of Redwire by 165.7% during the fourth quarter. Federated Hermes Inc. now owns 498,275 shares of the company’s stock valued at $8,202,000 after buying an additional 310,769 shares during the period. Finally, State Street Corp increased its position in shares of 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 buying an additional 35,519 shares during the period. Hedge funds and other institutional investors 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.