Redwire (NYSE:RDW) Director Sells $17,190,084.56 in Stock

Redwire Corporation (NYSE:RDW) Director Ae Red Holdings, Llc sold 1,662,484 shares of the company’s stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $10.34, for a total transaction of $17,190,084.56. Following the sale, the director directly owned 74,197,936 shares of the company’s stock, valued at approximately $767,206,658.24. This trade represents a 2.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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 value of $133,021,738.33.
• 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 shares were 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 value 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 Price Performance

Shares of NYSE:RDW traded down $0.13 during trading hours on Thursday, hitting $10.89. 25,874,586 shares of the company’s stock traded hands, compared to its average volume of 24,849,023. The company has a market cap of $1.80 billion, a price-to-earnings ratio of -3.44 and a beta of 2.44. Redwire Corporation has a 52 week low of $4.87 and a 52 week high of $26.66. The company’s fifty day simple moving average is $7.15 and its two-hundred day simple moving average is $9.60. 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 (NYSE:RDW) last released its earnings results on Wednesday, November 5th. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.15). The business had revenue of $103.43 million for the quarter, compared to analysts’ expectations of $132.05 million. Redwire had a negative net margin of 70.32% and a negative return on equity of 16.24%. As a group, equities analysts anticipate that Redwire Corporation will post -0.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RDW. Industrial Alliance Securities set a $9.00 target price on shares of Redwire in a research report on Thursday, November 6th. Cantor Fitzgerald cut their price objective on shares of Redwire from $20.00 to $9.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 10th. KeyCorp started coverage on Redwire in a research report on Thursday, December 18th. They issued a “sector weight” rating on the stock. Bank of America decreased their price objective on shares of Redwire from $9.00 to $6.00 and set an “underperform” rating for the company in a research report on Wednesday, November 19th. Finally, Roth Capital reissued a “buy” rating and set a $15.00 target price on shares of Redwire in a report on Thursday, November 6th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $13.13.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in RDW. Abich Financial Wealth Management LLC bought a new position in Redwire in the third quarter worth approximately $41,000. Russell Investments Group Ltd. raised its position in shares of 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 purchasing an additional 3,672 shares during the period. Ameritas Advisory Services LLC bought a new position in shares of Redwire in the 2nd quarter worth $54,000. Caitong International Asset Management Co. Ltd grew its position in 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 during the period. Finally, Strs Ohio acquired a new stake in Redwire in the 1st quarter valued at $69,000. Institutional investors 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.