Redwire (NYSE:RDW) Director Ae Red Holdings, Llc Sells 3,932,686 Shares of Stock

Redwire Corporation (NYSE:RDW) Director Ae Red Holdings, Llc sold 3,932,686 shares of the stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $12.80, for a total value of $50,338,380.80. Following the completion of the sale, the director directly owned 52,760,700 shares of the company’s stock, valued at $675,336,960. The trade was a 6.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Wednesday, January 28th, Ae Red Holdings, Llc sold 4,847,867 shares of Redwire stock. The shares were 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.
• 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 stock was sold at an average price of $10.77, for a total value of $30,928,370.55.
• On Friday, January 9th, Ae Red Holdings, Llc sold 2,255,356 shares of Redwire stock. The stock was sold at an average price of $10.83, for a total value of $24,425,505.48.
• 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 transaction of $18,200,422.11.
• On Wednesday, January 7th, Ae Red Holdings, Llc sold 872,599 shares of Redwire stock. The stock was sold at an average price of $10.08, for a total transaction of $8,795,797.92.
• On Tuesday, January 6th, Ae Red Holdings, Llc sold 1,862,063 shares of Redwire stock. The stock was sold at an average price of $10.44, for a total value of $19,439,937.72.

Redwire Trading Down 8.4%

Shares of RDW stock opened at $11.73 on Friday. The stock has a market cap of $1.94 billion, a P/E ratio of -3.70 and a beta of 2.44. The company has a quick ratio of 1.05, a current ratio of 1.41 and a debt-to-equity ratio of 0.20. Redwire Corporation has a fifty-two week low of $4.87 and a fifty-two week high of $26.66. The business has a fifty day simple moving average of $8.63 and a 200-day simple moving average of $9.30.

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

Wall Street Analysts Forecast Growth

RDW has been the subject of a number of analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Redwire in a report on Thursday, January 22nd. Industrial Alliance Securities set a $9.00 target price on shares of Redwire in a research note on Thursday, November 6th. Alliance Global Partners reaffirmed a “buy” rating on shares of Redwire in a research note on Thursday, November 6th. Truist Financial set a $13.00 price objective on shares of Redwire in a research report on Friday, January 9th. Finally, Zacks Research raised shares of Redwire from a “strong sell” rating to a “hold” rating in a research note on Monday, November 10th. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Redwire currently has a consensus rating of “Hold” and an average target price of $13.75.

Institutional Trading of Redwire

Institutional investors have recently made changes to their positions in the stock. CWM LLC increased its holdings in shares of Redwire by 1,725.0% during the 4th quarter. CWM LLC now owns 4,088 shares of the company’s stock worth $31,000 after buying an additional 3,864 shares during the last quarter. Abich Financial Wealth Management LLC purchased a new stake in Redwire during the third quarter valued at about $41,000. Russell Investments Group Ltd. increased its stake in Redwire by 308.6% during the third quarter. Russell Investments Group Ltd. now owns 4,862 shares of the company’s stock worth $44,000 after acquiring an additional 3,672 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Redwire in the 2nd quarter worth about $54,000. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of Redwire by 440.4% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 6,620 shares of the company’s stock valued at $60,000 after purchasing an additional 5,395 shares in the last quarter. 8.10% of the stock is owned by hedge funds and other institutional investors.

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.