Redwire (NYSE:RDW) Director Ae Red Holdings, Llc Sells 11,615 Shares

Redwire Corporation (NYSE:RDW) Director Ae Red Holdings, Llc sold 11,615 shares of the business’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $10.01, for a total transaction of $116,266.15. Following the completion of the transaction, the director owned 44,837,719 shares in the company, valued at approximately $448,825,567.19. The trade was a 0.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, March 16th, Ae Red Holdings, Llc sold 97,066 shares of Redwire stock. The shares were sold at an average price of $10.06, for a total transaction of $976,483.96.
• On Tuesday, February 10th, Ae Red Holdings, Llc sold 49,985 shares of Redwire stock. The stock was sold at an average price of $10.01, for a total value of $500,349.85.
• On Monday, February 9th, Ae Red Holdings, Llc sold 1,385,507 shares of Redwire stock. The stock was sold at an average price of $10.10, for a total value of $13,993,620.70.
• On Wednesday, February 4th, Ae Red Holdings, Llc sold 11,761 shares of Redwire stock. The shares were sold at an average price of $11.18, for a total value of $131,487.98.
• On Tuesday, February 3rd, Ae Red Holdings, Llc sold 3,357,142 shares of Redwire stock. The shares were sold at an average price of $11.18, for a total value of $37,532,847.56.
• On Monday, February 2nd, Ae Red Holdings, Llc sold 1,312,126 shares of Redwire stock. The stock was sold at an average price of $11.12, for a total value of $14,590,841.12.
• On Friday, January 30th, Ae Red Holdings, Llc sold 1,550,179 shares of Redwire stock. The stock was sold at an average price of $12.65, for a total value of $19,609,764.35.
• On Thursday, January 29th, Ae Red Holdings, Llc sold 3,932,686 shares of Redwire stock. The shares were sold at an average price of $12.80, for a total value of $50,338,380.80.
• On Wednesday, January 28th, Ae Red Holdings, Llc sold 4,847,867 shares of Redwire stock. The stock was sold at an average price of $13.29, for a total value of $64,428,152.43.
• 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.

Redwire Stock Up 5.9%

Redwire stock opened at $10.10 on Wednesday. The company has a market capitalization of $1.67 billion, a PE ratio of -4.26 and a beta of 2.50. Redwire Corporation has a 12-month low of $4.87 and a 12-month high of $22.25. The firm’s fifty day moving average is $9.95 and its 200 day moving average is $8.50. The company has a quick ratio of 1.27, a current ratio of 1.62 and a debt-to-equity ratio of 0.08.

Redwire (NYSE:RDW) last posted its quarterly earnings results on Wednesday, February 25th. The company reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.19). Redwire had a negative return on equity of 13.04% and a negative net margin of 67.55%.The company had revenue of $108.79 million during the quarter, compared to analyst estimates of $98.78 million. As a group, sell-side analysts predict that Redwire Corporation will post -0.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Canaccord Genuity Group upped their price target on Redwire from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Roth Mkm reissued a “buy” rating and issued a $20.00 price objective on shares of Redwire in a research note on Wednesday, January 28th. Cantor Fitzgerald decreased their price objective on Redwire from $20.00 to $9.00 and set an “overweight” rating for the company in a report on Wednesday, December 10th. KeyCorp assumed coverage on Redwire in a research report on Thursday, December 18th. They set a “sector weight” rating on the stock. Finally, Truist Financial upgraded Redwire from a “hold” rating to a “buy” rating and increased their target price for the stock from $13.00 to $15.00 in a report on Monday, March 9th. Eight investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $13.89.

Institutional Investors Weigh In On Redwire

A number of institutional investors and hedge funds have recently made changes to their positions in the business. AE Industrial Partners LP lifted its position in Redwire by 7.1% in the 3rd quarter. AE Industrial Partners LP now owns 91,598,704 shares of the company’s stock valued at $823,472,000 after acquiring an additional 6,101,959 shares in the last quarter. State Street Corp raised its stake in shares of Redwire by 61.1% in the fourth quarter. State Street Corp now owns 4,708,600 shares of the company’s stock worth $35,785,000 after purchasing an additional 1,786,038 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Redwire by 2.9% in the third quarter. Vanguard Group Inc. now owns 3,242,848 shares of the company’s stock worth $29,153,000 after purchasing an additional 91,045 shares during the last quarter. Voya Investment Management LLC bought a new position in shares of Redwire in the third quarter valued at approximately $20,372,000. Finally, Hood River Capital Management LLC bought a new position in shares of Redwire in the second quarter valued at approximately $36,206,000. Institutional investors and hedge funds own 8.10% of the company’s stock.

About Redwire

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.