Redwire (NYSE:RDW) Rating Lowered to “Strong Sell” at Zacks Research

Redwire (NYSE:RDW) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Tuesday,Zacks.com reports.

Several other research firms have also issued reports on RDW. KeyCorp started coverage on shares of Redwire in a research report on Thursday, December 18th. They issued a “sector weight” rating for the company. Cantor Fitzgerald cut their target price on Redwire from $20.00 to $9.00 and set an “overweight” rating for the company in a research report on Wednesday, December 10th. Truist Financial set a $13.00 price target on Redwire in a research note on Friday, January 9th. Canaccord Genuity Group dropped their price objective on Redwire from $17.50 to $11.00 and set a “buy” rating for the company in a research note on Wednesday, November 12th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Redwire in a research note on Thursday, January 22nd. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Redwire currently has an average rating of “Hold” and a consensus price target of $13.75.

Redwire Trading Down 3.9%

Shares of Redwire stock opened at $9.02 on Tuesday. Redwire has a 52-week low of $4.87 and a 52-week high of $26.66. The firm has a market capitalization of $1.49 billion, a PE ratio of -2.84 and a beta of 2.45. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 1.05. The company’s fifty day moving average price is $9.36 and its two-hundred day moving average price is $8.83.

Insider Activity at Redwire

In other news, Director Ae Red Holdings, Llc sold 49,985 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $10.01, for a total transaction of $500,349.85. Following the sale, the director owned 45,094,000 shares in the company, valued at approximately $451,390,940. This represents a 0.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 40,400,346 shares of company stock worth $453,127,301 in the last quarter. 2.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. T3 Companies LLC bought a new stake in Redwire during the 4th quarter worth about $177,000. Deutsche Bank AG lifted its position in shares of Redwire by 107.2% during the fourth quarter. Deutsche Bank AG now owns 52,008 shares of the company’s stock worth $395,000 after purchasing an additional 26,913 shares in the last quarter. LPL Financial LLC grew its stake in shares of Redwire by 60.3% during the fourth quarter. LPL Financial LLC now owns 154,065 shares of the company’s stock valued at $1,171,000 after purchasing an additional 57,982 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Redwire during the fourth quarter valued at approximately $545,000. Finally, J.W. Cole Advisors Inc. acquired a new stake in shares of Redwire in the fourth quarter valued at approximately $277,000. Institutional investors and hedge funds own 8.10% of the company’s stock.

Redwire Company Profile

Redwire Corporation is a space infrastructure company specializing in the design, engineering and manufacturing of mission-critical hardware and software for the spaceflight industry. The company’s offerings include deployable structures, solar power systems, radio frequency antennas, advanced composites and transparent optics. Redwire serves a broad customer base that spans civil space agencies, national defense organizations and commercial satellite operators, helping enable missions ranging from communications and Earth observation to deep-space exploration.

Formed through the strategic combination of several specialized space technology firms, Redwire’s portfolio encompasses both flight-proven hardware and cutting-edge in-space manufacturing capabilities.