Redwire (NYSE:RDW) Director Sells $24,425,505.48 in Stock

Redwire Corporation (NYSE:RDW) Director Ae Red Holdings, Llc sold 2,255,356 shares of the company’s stock in a transaction on Friday, January 9th. The stock was sold at an average price of $10.83, for a total transaction of $24,425,505.48. Following the transaction, the director owned 78,732,135 shares of the company’s stock, valued at $852,669,022.05. This represents a 2.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Ae Red Holdings, Llc also recently made the following trade(s):

• On Wednesday, January 14th, Ae Red Holdings, Llc sold 12,656,683 shares of Redwire stock. The shares were sold at an average price of $10.51, for a total transaction of $133,021,738.33.
• On Tuesday, January 13th, Ae Red Holdings, Llc sold 1,662,484 shares of Redwire stock. The stock was sold at an average price of $10.34, for a total transaction of $17,190,084.56.
• On Monday, January 12th, Ae Red Holdings, Llc sold 2,871,715 shares of Redwire stock. The shares were sold at an average price of $10.77, for a total transaction of $30,928,370.55.
• On Thursday, January 8th, Ae Red Holdings, Llc sold 1,772,193 shares of Redwire stock. The stock was sold at an average price of $10.27, for a total value of $18,200,422.11.
• On Wednesday, January 7th, Ae Red Holdings, Llc sold 872,599 shares of Redwire stock. The shares were sold at an average price of $10.08, for a total value of $8,795,797.92.
• On Tuesday, January 6th, Ae Red Holdings, Llc sold 1,862,063 shares of Redwire stock. The shares were sold at an average price of $10.44, for a total value of $19,439,937.72.

Redwire Stock Down 1.2%

Shares of RDW opened at $10.89 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.05 and a current ratio of 1.41. Redwire Corporation has a one year low of $4.87 and a one year high of $26.66. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of -3.44 and a beta of 2.44. The stock has a 50 day moving average price of $7.25 and a 200 day moving average price of $9.61.

Redwire (NYSE:RDW) last announced its quarterly earnings data on Wednesday, November 5th. The company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.15). Redwire had a negative net margin of 70.32% and a negative return on equity of 16.24%. The firm had revenue of $103.43 million during the quarter, compared to analysts’ expectations of $132.05 million. Equities research analysts forecast that Redwire Corporation will post -0.85 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Redwire

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ameritas Advisory Services LLC purchased a new stake in Redwire in the second quarter valued at $54,000. Abich Financial Wealth Management LLC acquired a new stake in shares of Redwire during the 3rd quarter worth about $41,000. Russell Investments Group Ltd. raised its holdings in Redwire by 308.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,862 shares of the company’s stock valued at $44,000 after buying an additional 3,672 shares during the period. Tower Research Capital LLC TRC lifted its position in Redwire by 32.3% in the second quarter. Tower Research Capital LLC TRC now owns 6,279 shares of the company’s stock valued at $102,000 after buying an additional 1,533 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in Redwire by 440.4% during the third quarter. Caitong International Asset Management Co. Ltd now owns 6,620 shares of the company’s stock worth $60,000 after buying an additional 5,395 shares during the period. Institutional investors and hedge funds own 8.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on RDW shares. Canaccord Genuity Group cut their price objective on shares of Redwire from $17.50 to $11.00 and set a “buy” rating for the company in a report on Wednesday, November 12th. Alliance Global Partners restated a “buy” rating on shares of Redwire in a research report on Thursday, November 6th. Zacks Research upgraded Redwire from a “strong sell” rating to a “hold” rating in a research report on Monday, November 10th. KeyCorp assumed coverage on Redwire in a research note on Thursday, December 18th. They set a “sector weight” rating on the stock. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Redwire in a research note on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $13.13.

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.