Redwire (NYSE:RDW) Stock Rating Lowered by B. Riley

Redwire (NYSE:RDW) was downgraded by equities research analysts at B. Riley from a “buy” rating to a “neutral” rating in a research note issued to investors on Monday, MarketBeat reports. They presently have a $8.00 target price on the stock, up from their prior target price of $6.00. B. Riley’s price target points to a potential upside of 10.96% from the company’s current price. B. Riley also issued estimates for Redwire’s FY2026 earnings at $0.09 EPS.

A number of other equities research analysts have also recently issued reports on the stock. Roth Mkm increased their target price on shares of Redwire from $5.00 to $10.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Longbow Research increased their price objective on shares of Redwire from $5.00 to $6.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $6.00 price objective on shares of Redwire in a report on Monday, July 15th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Redwire presently has a consensus rating of “Moderate Buy” and an average target price of $7.00.

Redwire Trading Up 4.6 %

Shares of Redwire stock opened at $7.21 on Monday. The company has a 50-day simple moving average of $6.14 and a 200 day simple moving average of $4.43. Redwire has a 12-month low of $2.35 and a 12-month high of $8.23.

Redwire (NYSE:RDW) last announced its earnings results on Wednesday, May 8th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.03). The company had revenue of $87.79 million for the quarter, compared to analyst estimates of $65.88 million. On average, analysts predict that Redwire will post -0.48 EPS for the current year.

Insider Activity

In other Redwire news, Director Ae Red Holdings, Llc sold 24,883 shares of the firm’s stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $7.10, for a total transaction of $176,669.30. Following the sale, the director now directly owns 35,708,528 shares in the company, valued at approximately $253,530,548.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders have sold 238,732 shares of company stock valued at $1,836,940. 2.60% of the stock is currently owned by insiders.

Institutional Trading of Redwire

Several hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC raised its holdings in Redwire by 17.2% during the 2nd quarter. SG Americas Securities LLC now owns 15,670 shares of the company’s stock worth $112,000 after buying an additional 2,296 shares during the period. Vanguard Group Inc. raised its holdings in Redwire by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 1,118,812 shares of the company’s stock worth $4,912,000 after buying an additional 3,681 shares during the period. DNB Asset Management AS raised its holdings in shares of Redwire by 23.9% in the second quarter. DNB Asset Management AS now owns 39,094 shares of the company’s stock valued at $280,000 after purchasing an additional 7,538 shares during the last quarter. Finally, LA Financiere DE L Echiquier raised its holdings in shares of Redwire by 10.6% in the fourth quarter. LA Financiere DE L Echiquier now owns 450,000 shares of the company’s stock valued at $1,282,000 after purchasing an additional 43,000 shares during the last quarter. 8.10% of the stock is currently owned by institutional investors and hedge funds.

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.