1,355,914 Shares in Redwire Corporation $RDW Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Redwire Corporation (NYSE:RDW) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,355,914 shares of the company’s stock, valued at approximately $16,583,000.

A number of other institutional investors and hedge funds have also made changes to their positions in RDW. AQR Capital Management LLC lifted its holdings in shares of Redwire by 125.0% during the first quarter. AQR Capital Management LLC now owns 51,437 shares of the company’s stock valued at $426,000 after purchasing an additional 28,576 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Redwire by 352.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 355,265 shares of the company’s stock worth $2,945,000 after buying an additional 276,814 shares during the last quarter. Strs Ohio bought a new position in Redwire during the 1st quarter valued at approximately $69,000. Rhumbline Advisers increased its position in Redwire by 61.0% during the 2nd quarter. Rhumbline Advisers now owns 56,517 shares of the company’s stock valued at $921,000 after buying an additional 21,417 shares in the last quarter. Finally, Invesco Ltd. raised its stake in Redwire by 57.6% during the second quarter. Invesco Ltd. now owns 21,198 shares of the company’s stock valued at $346,000 after buying an additional 7,750 shares during the last quarter. Institutional investors own 8.10% of the company’s stock.

Redwire Price Performance

Shares of NYSE RDW opened at $11.76 on Friday. The firm has a market cap of $2.94 billion, a P/E ratio of -8.05 and a beta of 3.05. Redwire Corporation has a twelve month low of $4.87 and a twelve month high of $26.64. The company has a quick ratio of 3.48, a current ratio of 3.92 and a debt-to-equity ratio of 0.03. The company has a 50 day moving average of $11.25 and a 200 day moving average of $11.39.

Redwire (NYSE:RDW) last issued its earnings results on Wednesday, August 5th. The company reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.07. The business had revenue of $117.07 million for the quarter, compared to the consensus estimate of $107.10 million. Redwire had a negative return on equity of 11.02% and a negative net margin of 57.26%. As a group, research analysts expect that Redwire Corporation will post -0.68 EPS for the current fiscal year.

Analysts Set New Price Targets

RDW has been the topic of several analyst reports. Jefferies Financial Group set a $15.00 target price on Redwire in a report on Sunday, August 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Redwire in a research report on Friday, July 17th. Wall Street Zen raised Redwire from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Truist Financial upgraded shares of Redwire to a “strong-buy” rating in a research note on Friday, May 1st. Finally, Cantor Fitzgerald increased their price objective on shares of Redwire from $9.00 to $13.50 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $14.44.

Insider Activity

In related news, Director Ae Red Holdings, Llc sold 1,070,565 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $21.48, for a total transaction of $22,995,736.20. Following the sale, the director directly owned 1,077,419 shares of the company’s stock, valued at $23,142,960.12. This trade represents a 49.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.79% of the stock is currently owned by insiders.

Redwire 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.