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

Redwire Corporation (NYSE:RDW) Director Ae Red Holdings, Llc sold 11,615 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $10.01, for a total transaction of $116,266.15. Following the transaction, the director directly owned 44,837,719 shares of the company’s stock, valued at approximately $448,825,567.19. This trade represents a 0.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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 value of $976,483.96.
• On Tuesday, February 10th, Ae Red Holdings, Llc sold 49,985 shares of Redwire stock. The shares were 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 stock was 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 shares were 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 stock was 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 shares were sold at an average price of $13.29, for a total transaction of $64,428,152.43.
• On Wednesday, January 14th, Ae Red Holdings, Llc sold 12,656,683 shares of Redwire stock. The stock was sold at an average price of $10.51, for a total transaction of $133,021,738.33.

Redwire Trading Up 5.9%

Shares of Redwire stock traded up $0.56 during mid-day trading on Tuesday, hitting $10.10. 18,221,940 shares of the stock were exchanged, compared to its average volume of 25,246,762. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of -4.26 and a beta of 2.50. Redwire Corporation has a twelve month low of $4.87 and a twelve month high of $22.25. The company has a current ratio of 1.62, a quick ratio of 1.27 and a debt-to-equity ratio of 0.08. The company has a 50-day simple moving average of $9.96 and a 200 day simple moving average of $8.49.

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

Wall Street Analyst Weigh In

RDW has been the topic of a number of recent analyst reports. Zacks Research raised Redwire from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 11th. Canaccord Genuity Group upped their target price on Redwire from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Bank of America reduced their target price on Redwire from $9.00 to $6.00 and set an “underperform” rating on the stock in a research report on Wednesday, November 19th. KeyCorp started coverage on Redwire in a research note on Thursday, December 18th. They issued a “sector weight” rating on the stock. Finally, Cantor Fitzgerald lowered their price target on Redwire from $20.00 to $9.00 and set an “overweight” rating for the company in a report on Wednesday, December 10th. Eight research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $13.89.

Institutional Investors Weigh In On Redwire

Several institutional investors and hedge funds have recently made changes to their positions in RDW. Sunbelt Securities Inc. grew its holdings in shares of Redwire by 601.1% in the 4th quarter. Sunbelt Securities Inc. now owns 3,961 shares of the company’s stock worth $30,000 after purchasing an additional 3,396 shares during the last quarter. CWM LLC lifted its holdings in Redwire by 1,725.0% during the 4th quarter. CWM LLC now owns 4,088 shares of the company’s stock valued at $31,000 after purchasing an additional 3,864 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in Redwire by 1,054.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,016 shares of the company’s stock valued at $31,000 after buying an additional 3,668 shares in the last quarter. Abich Financial Wealth Management LLC acquired a new position in Redwire in the third quarter valued at about $41,000. Finally, Russell Investments Group Ltd. grew 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 buying an additional 3,672 shares during the last quarter. 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.